Shenzhen Tax Residence Admission Procedures in 2018
In recent years, Shenzhen has made significant progress in its economy and business development, and as such, there have been changes in the tax residence admission procedures. As of 2023, applicants must satisfy one of the following conditions for at least three consecutive tax years:
1. Accumulated tax payments of over 3 million yuan for the legal representative or key officer of an enterprise.
2. Accumulated tax payments of over 600,000 yuan for the individual business owner or limited liability company natural person shareholders who have more than 60% of shares.
3. Accumulated tax payments of over 300,000 RMB for individual entrepreneurs.
4. Accumulated personal income tax payments of over 240,000 RMB for eligible beneficiaries.
In addition to the above, applicants must meet the following criteria:
1. Age should not exceed 50 years old, while for those whose tax payments exceed the regulations by more than one time, the age limit could be extended to 55 years old.
2. The applicant’s household registration book should show their service location if they work for a government agency or public enterprise. In case of such employees, the applicant should present proof that their service location has changed, or that they have now left to become their domicile.
3. Applicants should have no record of having participated in activities by prohibited organizations or actions.
If you wish to apply for Shenzhen tax residency, depending on your tax payment history and personal status, you need to provide your income tax statements, a copy of your business license or shareholder registration document, your household registration book or evidence of personal identity, ID card, marriage certificate (if applicable), and other required documents. The process of handling such applications may take up to 1-2 months.
The new tax residence admission procedure aims to encourage a strong and stable tax-paying culture in the city, and it benefits both individuals and businesses. People who qualify will benefit from preferential policies such as social security, medical insurances, house purchasing, and children's education placement, among others.
In conclusion, to be eligible for Shenzhen tax residency, applicants need to be aware of the new admission process and meet the relevant conditions. Shenzhen will continue to provide a favorable tax environment for those who contribute to the growth of the economy and society.