| 1. |
Change Cost |
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(1) |
Our Service Fees |
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Our fees for handling the change of business scope for a service type WFOE in Shenzhen, China is RMB10,000. In particular, our fees cover the following services: (1) Preparation of change application documents; (2) Application for the change registration with the registry office; (3) Application for the change with MOFCOM; (4) Applying for the change with the tax bureau; (5) Applying for the change of foreign exchange registration particulars; (6) Applying for change with the opening bank If special licence or permit or other extra change is required, we may need to adjust our fees accordingly. |
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(2) |
Official Filing Fees |
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The fees quoted in Section 1 (1) above do not cover official filing fees to be paid to different government departments and the official filing fees. |
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(3) |
Translation Costs |
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Our service fees stated in Section 1 (1) do not cover translation costs for translating the documents prepared by you from English to Chinese or translation of registration documents from Chinese to English. If so required, we will charge an extra amount of RMB350 per page of A4 size paper for the translation services. In case the translation is done by client directly, we will charge RMB60-180 per page of A4 size paper as proof reading service fees. |
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All the fees quoted above do not include the Value Added Tax and Surcharges of 7.5% if Chinese tax invoice (Fapiao) is required. A summary of the fees and costs is provided in Schedule 1 to the quotation. |
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| 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. If China or Taiwan official tax invoice is required, Value-Added Tax or Business Tax at the prevailing rate in the respective jurisdiction will be charged. |
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| 3. |
Required Documents and Materials |
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The following materials are required for the purpose of change of business scope for a service type WFOE in Shenzhen, China: |
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(1) |
The specific and detailed description of the business activities to be added; |
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(2) |
Business Licenses (original and duplicates); |
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(3) |
Articles of Association |
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(4) |
Bank Account Opening Permit; |
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(5) |
Organizational Credit Code Certificate; |
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(6) |
Company Seal of the Shenzhen WFOE; |
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(7) |
Other documents or information temporarily required by registration authorities. |
| 4. |
Estimated Time Frame |
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It is estimated that the whole change process would take around 5 to 7 weeks, subject to the approval by the various registration authorities in Shenzhen. The table below shows the estimated time frame for each of the steps for the change.
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Item |
Description |
Amount (RMB) |
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1 |
Service fees for change of business scope for a service type Shenzhen WFOE (Note 1) |
10,000 |
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2 |
Official filing fees (Note 2) |
N/A |
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3 |
Disbursements |
500 |
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4 |
Translation fees (Optional) |
N/A |
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TOTAL |
10,500 |
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Note: |
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| 1. |
If special licence or permit needs to be applied or updated due to the business scope change, Kaizen will handle the application and our fees will be quoted upon request. |
| 2. |
The government fees are estimated on the premises that no speical license or permit is required. We will collect it before the commencement of services and any shortfall will be billed after completion of the change. |
| 3. |
Item 4 will only be incurred if we are being engaged for such services. |
| 4. |
If Chinese tax invoice is required, a Value Added Tax and Surcharges of 5% would be applicable. |
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