No |
Description |
Fees (RMB) |
1 |
Identification documents legalisation costs (Note 1) |
TBA |
2 |
Assistance in office on-site inspection (Note 2) |
1,500 |
3 |
Translation fees (Note 3) |
TBA |
(1) |
Our fees stated in Section 1 do not cover the legalization of the incorporation documents of the foreign shareholder(s). Kaizen could arrange the legalisation of incorporation documents for foreign enterprises 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. |
(2) |
The registration authority or bank officers may request to conduct an on-site inspection of the premise to be used as the business address by the WFOE. If on-site inspection is involved, we can on behalf of the client attend the inspection with a fee of RMB1,500 per time. |
(3) |
Our service fees stated in Section 1 do not cover translation costs for translating the documents prepared by you into Chinese or translation of registration documents prepared by Kaizen into English or Japanese. Kaizen could provide translation services. Fees for translation will be quoted upon request. |
|
(1) |
Name of the company to be registered The name of company to be registered in Beijing must follow the format “Business Name + (Beijing) + Principal Business Activity + Limited” or “Business Name + Principal Business Activity + (Beijing) + Limited” or “Beijing + Business Name + Principal Business Activity + Limited”. For example, “Kaizen (Beijing) Catering Service Limited” or “Kaizen Catering Service (Beijing) Limited” or “Beijing Kaizen Catering Service Limited”. Please provide two or three company names for us to check whether the names can be used. |
(2) |
Shareholder’s personal data or shareholder company’s registration information If the shareholder of Beijing WFOE is a corporation, please provide the business scope, registered address, name and nationality of the legal representative (director) of the corporation. If the shareholder is an individual, it is required to provide the person’s address, e-mail and other information. Clients can fill in the China WFOE Incorporation Order Form provided by Kaizen to provide the above information. |
(3) |
Legalised identification documents of the shareholder One set of legalised identity documents of the foreign shareholder/investor of the proposed WFOE. For corporation shareholder, the identity documents required are its incorporation documents. The shareholder’s incorporation document shall be legalised by the Chinese Embassy or Consulate in the country where the investor is resided or registered. |
(4) |
Organisational Chart and Beneficiary Owner If the shareholder of the Beijing WFOE is a corporation, please provide an organisation chart and particulars of the ultimate beneficiary owner of the Beijing WFOE. |
(5) |
Legal Representative A photocopy of the identification document (i.e. passport for foreigner or identity card for Chinese national, Hong Kong identity card, Home Return Permit), China Mainland mobile phone number, e-mail and residential address of the legal representative. During the process of bank account opening, original identification document of the legal representative shall be provided. |
(6) |
Director(s) A photocopy of the identification document (i.e. passport for foreigner or identity card for Chinese national, Hong Kong identity card, Home Return Permit), China Mainland mobile phone number, e-mail and residential address in respect of the director(s). If the board of directors is to be set up, please provide a copy of the identification documents of the members of the board of directors (at least three). |
(7) |
Supervisor A photocopy of the identification document (i.e. passport for foreigner or identity card for Chinese national, Hong Kong identity card, Home Return Permit), China Mainland mobile phone number, e-mail and residential address of the supervisor. |
(8) |
General Manager A photocopy of the identification document (i.e. passport for foreigner or identity card for Chinese national, Hong Kong identity card, Home Return Permit), China Mainland mobile phone number, e-mail and residential address of the general manager. |
(9) |
Finance Controller A photocopy of the identification document (i.e. passport for foreigner or identity card for Chinese national, Hong Kong identity card, Home Return Permit), China Mainland mobile phone number, e-mail of the finance controller. |
(10) |
Amount of Investment/Registered Capital of the China Company The total amount of investment in the WFOE, including: (a) the registered capital; (b) method and time limit of contribution of capital. |
(11) |
Tenancy agreement A tenancy/lease agreement of the WFOE premise to be used by the proposed WFOE. Please note the agreement shall clearly indicate the premise is for WFOE use only and the lease term shall not be less than 12 months. |
(12) |
Scope of Business A summary of the scope of business and the scale of business of the proposed WFOE, including the business model, locations of suppliers and customers etc. |
(13) |
Particulars of Preferred Banker Please provide the name of preferred bank and the designated branch at which the bank accounts of the WFOE are to be established. |
(1) |
Preliminary (a) The investor will have to enter into a lease agreement in relation to the office to be used by the WFOE for a term of not less than 12 months. The office shall locate in a commercial building. If the office locates in residential building, special approval from the residents' committee is required. (b) The investor is also required to arrange to have the identity documents of the shareholder legalised by the Chinese Embassy in the country where the shareholder/member is registered/resided. (c) The investor at the same time needs to prepare other documents, such as photocopies of the passport / identity card / mainland travel permit of the director, supervisor, legal representative, general manager and financial controller. |
(2) |
Application for Registration of WFOE (a) The registration process of a WFOE starts with name availability search. Kaizen will perform a name availability search with the Administration for Market Regulation (“AMR”). If the search indicates that the preferred company name is available for registration, Kaizen then applies for the reservation of the preferred name with the AMR. (b) Upon receipt of the approval for reservation of the preferred name of the WFOE, Kaizen will then apply for Business Licence for the WFOE from the AMR. The AMR will usually issue the Business Licence within 3 working days after receiving all the required documentation. Once the business license is issued, the WFOE is deemed to be a legal person duly organised and existing under PRC law and will have full operational rights to operate its business in China within the scope of its Business Licence. (c) Foreign investors or foreign-invested enterprises shall submit investment information to the competent commerce department through the enterprise registration system and the enterprise credit information publicity system. (d) Application for approval for making of Office Stamp (Office Seal) from the Registration authority and arrange the collecting the company seals. |
(3) |
Post Registration Stage (a) Opening one RMB basic account with a bank of your choice in Beijing, China on behalf of you and application for internet banking facility. (b) Application for Foreign Direct Investment (FDI) registration with the Bank. (c) Opening one capital account with a bank of your choice in Beijing, China on behalf of you. (d) Application for Food Operation Permit Applying for Food Operation Permit with the Administration for Market Regulation. |
Step |
Description |
Who is Responsible |
Working Days |
Preliminary |
|||
1 |
Legalization of Incorporation Documents |
Investor |
Investor’s schedule |
2 |
Tenancy (Lease) Agreement (for the office to be used by the WFOE) |
Investor |
Investor’s schedule |
3 |
Other documents |
Investor |
Investor’s schedule |
Application for Registration |
|||
4 |
Name availability search |
Kaizen |
1 |
5 |
Application for reservation of name |
Kaizen |
1-2 |
6 |
Application for business license |
Kaizen |
3-5 |
7 |
Foreign investment information report |
Kaizen |
2 |
8 |
Application for approval and carving of company seals |
Kaizen |
1-2 |
Other Registration Procedures |
|||
9 |
Opening of RMB basic account |
Kaizen |
7-10 |
10 |
Apply for internet banking facility |
Kaizen |
3-5 |
11 |
Performing foreign direct investment registration |
Kaizen |
7-10 |
12 |
Opening of capital account |
Kaizen |
7-10 |
13 |
Setting up corporate social insurance account |
Kaizen |
1-3 |
14 |
Setting up corporate housing provident fund account |
Kaizen |
1-3 |
15 |
Application for food operation permit |
Kaizen |
20-25 |
Around 12-15 Weeks |