Title: How to Apply for Tax Residence through Point System in Shenzhen
In 2023, those who want to register their tax residence in Shenzhen must meet at least one of the following conditions: the legal representative or person in charge of an enterprise whose cumulative tax payment in the past three years amounted to more than RMB 3 million; a sole proprietor whose cumulative tax payment in the past three years amounted to more than RMB 600,000, or a natural shareholder of a limited liability company/partnership enterprise whose proportion of the enterprise’s paid-up capital has resulted in a cumulative tax payment of more than RMB 600,000; a self-employed individual whose cumulative tax payment in the past three years amounted to more than RMB 300,000; or a person who has legally employed in Shenzhen and whose income tax payment in the past three years amounted to more than RMB 240,000. In addition to meeting one of these conditions, applicants should also meet the following requirements.
Firstly, the applicant's age should not exceed 50 years old, and if the cumulative tax payment exceeds one time the limit, the age limit can be extended to 55 years old. Secondly, if the applicant is a government or a public institution staff, he or she must provide a non-permanent and approval document from his or her employer to show that his or her employer allows him or her to move the tax residence. Thirdly, there should be no record of participating in any organization or activity prohibited in the country.
To apply for the tax residence through point system in Shenzhen, applicants need to prepare the following materials: a tax payment certificate, screenshots with seal from the Administration for Industry and Commerce on information about the company and shareholders, household registration book, ID card, and marriage certificate (for married people). The application process will usually take one to two months.
Although the conditions are strict, the point system provides a pathway for individuals and companies with a high degree of tax compliance to apply for a tax residence in Shenzhen. It will be easier for them to access social welfare, provide their children with better education, and purchase property in the city. Therefore, if you meet the requirements, don't miss the opportunity to apply for a tax residence in Shenzhen through the point system.