(1)      Our Service Fees

Our fees for handling the change of registered address for a WFOE in Beijing, China is RMB15,000 up. In particular, our fees cover the following services:

(1)  Preparation of change application documents;

(2)  Application for the change registration with BAMR;

(3)  Application for MOFCOM registration;

(4)  Application for the tax deregistration with current tax bureau;

(5)  Application for tax registration with competent tax bureau in the district where the new office located;

(6)  Application for change of foreign exchange registration particulars;  

(7)  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 RMB2,500, 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 8 to 10 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 change of registration with BAMR	Kaizen	5-7
5	Application for MOFCOM registration	Kaizen	3
6	Application for tax deregistration with current Tax Bureau;	Kaizen	7-10
7	Application for tax registration with competent local tax bureau in the district where the new office located	Kaizen	7-10
8	Application for change of foreign exchange registration particulars	Kaizen	7-10
9	Application for change of registered address with bank	Kaizen	7-10
Around 8 - 10 Weeks