1. |
Deregistration Cost |
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(1) |
Our Service Fees |
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Our fees for handling the deregistration of a WFOE’s Beijing branch are RMB15,000 up. In particular, our fees cover the following services: (1) Preparation of deregistration application documents; (2) Application for tax clearance and deregistration with tax bureau; (3) Application for deregistration with BAMR; (4) Application for closing RMB basic account. If, due to the limitation of the branch principal business activities, the deregistration requires to deregister special licence or permit, we may need to adjust our fees accordingly. |
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(2) |
Official Filing Fees |
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Our service fees stated in Section 1 (1) do not cover any official filing fees. The estimated official filing fees shall be around RMB1,500. |
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(3) |
Nil Tax Filing Service Fees |
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During the liquidation and tax clearance period, the branch shall file tax return in due course until the tax deregistration is officially approved by the competent tax bureaus. Our service fee for monthly tax filing is RMB500. Under current practice, after the month the WFOE’s account is closed, it shall need to take at least an extra six months to prepare the deregistration documents and complete the tax deregistration procedures. For this reason, we will charge six-month’s tax filing fees (in total: RMB3,000). |
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A summary of the fees and costs is provided in Schedule 1 to the quotation. |
2. |
Payment Terms and Methods |
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Upon receipt of your order, we will issue an invoice to you for your settlement. We require full payment in advance before commencement of work. If China official tax invoice is required, a Value Added Tax and Surcharges of 5% will be charged. |
3. |
Required Documents and Materials |
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The following materials are required for the purpose of the deregistration for a WFOE’s Beijing branch: (1) Business License (original & duplicate); (2) Bank Account Opening Permit; (3) Organizational Credit Code Certificate; (4) Other bank stuffs; (5) Company seal; (6) Personal seal of person in charge; (7) Financial seal; (8) Original office lease agreements; (9) Accounting books for the latest three years; (10) Tax returns for the latest three years; (11) Other materials temporarily required by the registration authorities. |
4. |
Estimated Time Frame |
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Provided that the procedures go smoothly, the whole deregistration process would take around 4 to 6 months, which subject to the final approval of the various approval authorities involved in Beijing. | ||||||||||||||||||||||||||||||||||||
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Item |
Description |
Amount (RMB) |
1 |
Service fees for RO deregistration (Note 1) |
15,000 up |
2 |
Official filing fees for branch deregistration (Note 2) |
1,500 |
3 |
Disbursements |
500 |
4 | Tax filing service fee for six months (Note 3) |
3,000 |
5 | Translation service (if required) |
TBA |
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TOTAL |
30,000 up |
1. | If, due to the limitation of the branch’s principal business activities, the deregistration requires to deregister special licence or permit, we may need to adjust our fees accordingly. |
2. | The government fees are an estimated amount. We will collect it before the commencement of services and any shortfall will be billed after completion of deregistration of the branch. |
3. | If Chinese tax invoice is required, a Value Added Tax and Surcharges of 5% would be applicable. |