1. |
Change Cost |
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(1) |
Our Service Fees |
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Our fees for handling the change of registered address 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; (2) Making an appointment for the submission of paper application; (3) Application for the change with the registry office; (4) Application for the change with MOFCOM; (5) Application for the change with the tax bureau; (6) Application for the change of foreign exchange registration particulars; (7) 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 official filing fees will be billed with supporting official receipts. |
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(3) |
Office On-site Inspection |
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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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(4) |
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 RMB300 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. |
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 registered address for a service type WFOE in Shenzhen, China: | |
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(1) |
One original tenancy agreement of the premise to be used as registered office by the WFOE, the lease term shall be no less than 12 months; |
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(2) |
One original leasing certificate of the new office; |
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(3) |
MOFCOM filing record for the establishment and/or change of the WFOE; |
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(4) |
Business Licenses (original and duplicates); |
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(5) |
Articles of Association and/or Amendment to the Articles of Association; |
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(6) |
Bank Account Opening Permit; |
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(7) |
Organizational Credit Code Certificate; |
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(8) |
Foreign Exchange Registration Permit; |
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(9) |
Company seal, financial seal and name seal of the legal representative; |
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(10) |
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. |
Step
Description
Who is Responsible
Working Days
Preliminary
1
Preparation of new office related documents and materials
Investor
Investor’s schedule
2
Preparation of WFOE’s certificates and licenses
Investor
Investor’s schedule
3
Other documents
Investor
Investor’s schedule
Application for Change
4
Application for the change with the registry office
Kaizen
3-5
5
Application for the change with MOFCOM
Kaizen
3
6
Application for the change with the tax bureau
Kaizen
1
7
Application for the change of foreign exchange registration particulars
Kaizen
10
8
Application for the change of company information with the opening bank
Kaizen
10-15
Around 4 – 6 Weeks
Item |
Description |
Amount RMB |
1 |
Service fees for change of registered address for a service type WFOE in Shenzhen (Note 1) |
13,000 |
2 |
Disbursements |
500 |
3 |
Official filing fees |
N/A |
4 |
Translation fees (Optional) |
N/A |
TOTAL |
13,500 |
Note: | |
(1) |
We will sign an engagement letter with you; |
(2) |
You pay the service fees to us; |