(1) Our Service Fees
Our fees for handling the change of registered address for a WFOE in Beijing, China are RMB10,000. In particular, our fees cover the following services:
(1) Preparation of change application documents;(2) Application for change of registered address with BAMR;(3) Application for MOFCOM registration;(4) Application for change of registered address with tax bureau;(5) Application for the change of foreign exchange registration particulars;(6) Application for change of registered address with bank
If special licence or permit or other extra change is required, we may need to adjust our fees accordingly.
(2) Official Filing Fees
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 are estimated to be around RMB1,500, assuming no special license or permit is required.
(3) Office On-site Inspection
There are cases that the Beijing Administration for Market Regulation (BAMR) may conduct an on-site inspection of the premise to be used as the business address by the WFOE. If the BAMR does require an on-site inspection, we can act for the client to attend the inspection for a fee of RMB2,000.
(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 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.
A summary of the fees and costs is provided in Schedule 1 to the quotation.
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.
The following materials are required for the purpose of change of registered address for a WFOE in Beijing, China:
(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;
(2) One photocopy of the Property Ownership Certificate of the office with the signature and/or company seal of the owner;
(3) One photocopy of ID card or Business License of the owner of the office rented with the signature and/or company seal of the owner;
(4) Registered address proof signed/stamped by the owner; if the owner is a company, the proof should be stamped with the seal of the company;
(5) Business Licenses (original and duplicates);
(6) Articles of Association;
(7) Bank Account Opening Permit;
(8) Organizational Credit Code Certificate;
(9) Company Seal of the Beijing WFOE;
(10) Other documents or information temporarily required by registration authorities.
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 Beijing. 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 address change with BAIC
Kaizen
5-7
5
Application for MOFCOM registration
Kaizen
3
6
Application for the address change with tax bureau
Kaizen
3
7
Application for the change of foreign exchange registration particulars
Kaizen
7-10
8
Application for change of registered address with bank
Kaizen
7-10
Around 5 -7 Weeks
(1) We will sign an engagement letter with you;
(2) You pay the service fees to us;
(3) You provide the required materials to us;
(4) We prepare the application forms and relevant documents after receipt of required documents;
(5) We deliver the documents to you for signing;
(6) You return the duly signed documents to us;
(7) We submit the documents to relevant government authorities concerned application and change of various certificates as stated in Section 4;
(8) The whole procedures are completed and certificates are forwarded to you.
Item |
Description |
Amount (RMB) |
1 |
Service fees for change of registered address for Beijing WFOE (Note 1) |
10,000 |
2 |
Official filing fees (Note 2) |
1,500 |
3 |
Disbursements |
500 |
4 |
Office address on-site inspection (Optional) |
2,000 |
5 |
Translation fees (Optional) |
TBA |
TOTAL |
14,000 |