1. |
Change Costs |
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(1) |
Our Service Fees |
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Our fees for handling the change of the legal representative, the members of the board of directors, general manager, and/or supervisor for a service type WFOE in Shenzhen, China are RMB13,000. In particular, our fees cover the following services: (1) Preparation of change application documents;(1) Preparation of change application documents; (2) Making an appointment for the submission of paper application; (3) Application for the change with the registry office; (4) Manufacturing of the name seal for the new legal representative; (5) Application for the change with MOFCOM; (6) Application for the change with the tax bureau; (7) Application for the change of foreign exchange registration particulars; (8) Application for the change of company information 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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Our service fees stated in Section 1 (1) do not cover any official filing fees. The estimate official filing fees are around RMB1,500. The official filing fees will be billed with supporting official receipts. |
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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. |
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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. |
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’s mainland or Taiwan official tax invoice is required, Value-Added Tax or Business Tax at the prevailing rate in the respective jurisdiction will be charged. |
3. |
Required Documents and Materials |
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The following materials are required for the purpose of change of the legal representative, the members of the board of directors, general manager, and/or supervisor for a service type WFOE in Shenzhen, China: | |
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(1) |
A photocopy of the identity certificate, China mobile number and email address of the new legal representative, director, general manager and/or supervisor; |
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(2) |
Business Licenses (original and duplicates); |
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(3) |
Bank Account Opening Permit; |
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(4) |
Organizational Credit Code Certificate; |
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(5) |
Foreign Exchange Registration Permit; |
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(6) |
Common Seal, Finance Seal, Name Seal of the Legal Representative; |
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(7) |
Other documents or information temporarily required by registration authorities. |
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Please note the original identity certificate of the legal representative shall be presented for checking when applying for bank changes. Sometimes, the bank may ask the legal representative to visit the bank in person. |
4. |
Estimated Time Frame |
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It is estimated that the whole change process would take around 4 to 6 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 |
1 |
Service fees for change of legal representative for a service type WFOE in Shenzhen (Note 1) |
13,000 |
2 |
Disbursements |
500 |
3 |
Official filing fees |
1,500 |
4 |
Translation fees (Optional) |
N/A |
TOTAL |
15,000 |
Note: |
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1. | If special licence or permit or other extra change is required, Kaizen can handle the application and our fees will be quoted upon request. |
2. | If Chinese tax invoice is required, a Value Added Tax and Surcharges of 7.5% would be applicable. |