1.1 |
Registration Service Fees Our fees for handling the registration of a WFOE in Guangzhou, China are USD2,300. In particular, our fees cover the following services: (1) Preparation of registration application documents; (2) Performing name availability search; (3) Application for approval of name; (4) Application for business licence; (5) Filing of initial report on foreign investment; (6) Carving of company chops and personal chop of the legal representative; (7) Setting up one RMB basic bank account; (8) Application for online banking facility (9) Handling foreign exchange registration; (10) Setting up one capital account. In any case where the products to be traded by the WFOE requires special permit or licence, we may need to revise our fees accordingly. |
1.2 |
Official Filing Fees Our service fees stated in Section 1.1 do not cover any official filing fees and other expenses. The estimated official filing fees and other expenses are around USD400. The official filing fees and other expenses will be billed with supporting official receipts. |
1.3 |
Legalisation or Apostillization Costs
Our fees stated above also do not cover the legalization or apostillization of the identity documents of the shareholder/member of the Guangzhou WFOE. Kaizen is able to arrange the legalisation or apostillization of identity documents for company or individual registered or resided in Hong Kong, Singapore, Taiwan, British Virgin Islands, Cayman Islands and Bermuda and a few other countries. Fees for legalisation or apostillization will be quoted upon request.
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1.4 |
Additional Foreign Currency Account
Our service fees stated in Section 1.1 cover the setting up of a RMB basic bank account and a capital account for the new WFOE. However, it does not cover the setting up of any additional accounts. If the WFOE will receive foreign currency payment from overseas, then you must open a foreign currency general settlement account accordingly. Should you decide to engage us to set up an additional account, we will charge a fee of USD300.
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1.5 |
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 USD55 per page of A4 size paper for the translation services.
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 stated above is provided in Schedule 1 to this quotation.
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(1) |
One shareholder, one director, one legal representative and one finance controller |
(2) |
Shareholder can be natural person or corporation |
(3) |
Director must be a natural person with no restriction on nationality |
(4) |
Legal representative must be a natural person with no restriction on nationality |
(5) |
Legal representative shall be served by the executive director or general manager |
(6) |
Natural person shareholder can be appointed as director |
(7) |
Finance controller must be a natural person with no restriction on nationality, however, legal representative cannot serve as finance controller at the same time |
(1) |
Name of the company to be registered
The name of company to be registered in Guangzhou must follow the format “Business Name + (Guangzhou) + Principal Business Activity + Limited” or “Business Name + Principal Business Activity + (Guangzhou) + Limited” or “Guangzhou + Business Name + Principal Business Activity + Limited”. For example, “Kaizen (Guangzhou) Services Limited” or “Kaizen Services (Guangzhou) Limited” or “Guangzhou Kaizen Services Limited”.
The name of the company must be in Chinese. The English name cannot be registered. Please provide the proposed name and at least 2 alternatives.
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(2) |
Tenancy Agreement One set of original Tenancy Agreement and Leasing Certificate of the premises to be used by the proposed WFOE. |
(3) |
Particulars of the Shareholder If the shareholder of the Guangzhou WFOE is another company, please provide the particulars of that company, including the principal business activities, business address, contact numbers and name and nationality of its managing director. |
(4) |
Legalised or Apostilled Identification Documents of the Shareholder
One set of legalised or apostilled identity documents of the foreign shareholder of the proposed WFOE. If the shareholder is a corporation, the identity documents required to be legalised or apostilled are its incorporation documents. In the case the shareholder is an individual, the identity document required to be legalised or apostilled is his/her passport (for foreigner) or mainland travel permit (for Hong Kong, Macau and Taiwan resident).
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(5) |
Shareholding Structure and Ultimate Beneficial Owner A shareholding structure and particulars (including ID or passport copy, mobile or telephone number, residential or business address) of the ultimate beneficial owner of the WFOE. |
(6) |
Particulars of the Management A photocopy of the identification document (i.e., passport for foreigner or identity card for Chinese citizen), email address, China mobile number and full residential address of the legal representative, director, supervisor (if any), general manager (if any) and finance controller of the Guangzhou WFOE. If you want to set up a board of directors, then you shall appoint at least three directors and one of them shall be elected as the chairman. If you choose not to set up a board, then you shall appoint one executive director. The legal representative shall be either the executive director or general manager. The supervisor cannot act as the legal representative, director and general manager at the same time. |
(7) |
Registered Capital Please provide the amount of total investment, registered capital, method and time limit of capital contribution of the WFOE. According to the revised Company Law, the registered capital subscribed by the shareholders shall be fully contributed within 5 years upon the establishment of the company. |
(8) |
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. |
(9) |
Particulars of Preferred Bank Please provide the name of preferred bank and the designated branch at which the bank accounts of the WFOE are to be established. Please note that the legal representative of the WFOE is required to visit the bank in person to open the bank account. And the bank officers will go to your registered address to conduct a site inspection when you submit the application to them. |
(1) |
Business Licence (Original, Duplicate) |
(2) |
Bank Account Stuffs |
(3) |
Company Seal, Financial Seal, Legal Representative Seal |
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