Unless otherwise indicated, the WFOE mentioned in this quotation refer to a limited liability company formed and registered in Shenzhen, China in accordance with the China Company Law and the related regulations and wholly owned by one or more foreign companies or individuals.

Summary

The quotation applies to situations where a WFOE registered in Shenzhen intends to change its shareholder’s name and that no special licence or permit or other change is required.

Our fees for handling the change of shareholder’s name for a WFOE in Shenzhen, China are RMB10,000 and our fees cover the services listed in Section 1(1) of this quotation. Our service fees, however, do not include the payment of official change filing charges.

The materials required include the legalized name change documents of the WFOE’s shareholder and others. A list of the materials is detailed in Section 3 of the quotation.

The whole process for the change of shareholder’s name for a WFOE in Shenzhen, China takes 4 to 6 weeks. It should however be noted that most of the procedures are subject to approval granted by the government departments and therefore some of the procedures may take longer than expected.

If special licence or permit or other extra change is required, we may need to adjust our fees and the time required may need to be extended accordingly.

1.	Change Cost
	(1)	Our Service Fees
		Our fees for handling the change of shareholder’s name for a WFOE in Shenzhen, China are RMB10,000. In particular, our fees cover the following services: (1) Preparation of change application documents; (2) Application for the change with the registry office; (3) Application for the change with MOFCOM; (4) Application for the change with the tax bureau; (5) Application for the change of foreign exchange registration particulars; (6) 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.
	(2)	Official Filing Fees
		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.
	(3)	Legalisation Fees
		Our fees stated above also do not cover the legalization of the name change documents of the shareholder/member of the Shenzhen WFOE. Kaizen is able to arrange the legalisation of the aforesaid documents for company registered in Hong Kong, Singapore, Taiwan, British Virgin Islands, Cayman Islands and Bermuda and a few other countries. Fees for legalisation will be quoted upon request.
	(4)	Translation Costs
		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 translating the 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.
	A summary of the fees and costs is provided in Schedule 1 to the quotation.

2.	Payment Terms and Methods
	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.
3.	Required Documents and Materials
	The following materials are required for the purpose of change of shareholder’s name for a WFOE in Shenzhen, China:
	(1)	One set of legalized name change documents of the shareholder;
	(2)	MOFCOM filing record for the establishment and/or change of the WFOE;
	(3)	Business Licenses (original and duplicates);
	(4)	Articles of Association and/or Amendment to the Articles of Association;
	(5)	Bank Account Opening Permit;
	(6)	Organizational Credit Code Certificate;
	(7)	Foreign Exchange Registration Permit;
	(8)	Company seal, financial seal and name seal of the legal representative;
	(9)	Other documents or information temporarily required by registration authorities.

4.	Estimated Time Frame
	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	Legalization of name change documents of the shareholding company	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
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

Schedule 1 - Summary of Costs

Item	Description	Amount RMB
1	Service fees for change of shareholder’s name for a Shenzhen WFOE (Note 1)	10,000
2	Disbursements	500
3	Legalisation costs for the name change documents of the shareholder	N/A
4	Official filing fees	N/A
5	Translation fees (Optional)	N/A
TOTAL		10,500

Note:
1.	If special licence or permit or other extra change is required, Kaizen will 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.

If you wish to obtain more information or assistance, please visit the official website of Kaizen CPA Limited at www.kaizencpa.com or contact us through the following and talk to our professionals:
Email: info@kaizencpa.com,  enquiries@kaizencpa.com
Tel: +852 2341 1444
Mobile : +852 5616 4140, +86 152 1943 4614
WhatsApp/ Line/ Wechat: +852 5616 4140
Skype: kaizencpa

Download: Change of Shareholder’s Name for Shenzhen WFOE - Procedures and Fees【PDF】