1. |
Change Cost |
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(1) |
Our Service Fees |
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Our fees for handling the change of registered capital 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 MOFCOM; (3) Application for the change with the registry office; (4) Application for the change of foreign exchange registration; (5) Application for the change of company information with bank; (6) Application for the change with the tax bureau. 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) |
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 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. |
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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4. |
Required Documents and Materials |
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The following materials are required for the purpose of change of registered capital for a WFOE in Shenzhen, China: | |||||||||||||||||||||||||||||||||||||||||||||||||
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(1) |
The amount of total investment and registered capital after the increase; (For a WFOE with registered capital of no more than USD30,000,000, the registered capital amount shall be no less than 70% of the total investment amount.) |
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(2) |
MOFCOM filing record for the establishment and/or change of the WFOE; | ||||||||||||||||||||||||||||||||||||||||||||||||
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(3) |
Business Licenses (original and duplicates); | ||||||||||||||||||||||||||||||||||||||||||||||||
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(4) |
Articles of Association and/or Amendment to the Articles of Association; | ||||||||||||||||||||||||||||||||||||||||||||||||
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(5) |
Bank Account Opening Permit; | ||||||||||||||||||||||||||||||||||||||||||||||||
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(6) |
Organizational Credit Code Certificate; | ||||||||||||||||||||||||||||||||||||||||||||||||
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(7) |
Foreign Exchange Registration Permit; |
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(8) |
Company seal, financial seal and name seal of the legal representative; |
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(9) |
Other documents or information temporarily required by registration authorities. |
Item |
Description |
Amount RMB |
1 |
Service fees for change of registered capital for a Shenzhen WFOE (Note 1) |
10,000 |
2 |
Disbursements |
500 |
3 |
Official filing fees |
N/A |
4 |
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. |