Change of Company Name for Shenzhen Service WFOE - Procedures and Fees
Unless otherwise indicated, the WFOE mentioned in this quotation refer to a limited liability company formed and registered in Shenzhen, China in accordance with the China Company Law and the related regulations and wholly owned by one or more foreign companies or individuals. The registered address must be located at a commercial building with an office lease assigned for no less than 12 months.
Summary
The quotation applies to situations where a service type WFOE registered in Shenzhen intends to change its company name and that no special licence or permit or other change is required.
Our fees for handling the change of company name for a service type WFOE in Shenzhen, China are RMB12,000 and our fees cover the services listed in Section 1(1) of this quotation. Our service fees, however, do not include the payment of official change filing charges.
The materials required include the new company name, incorporation certificates of the service type WFOE and others. A list of the materials is detailed in Section 3 of the quotation.
The whole process for the change of company name for a service type WFOE in Shenzhen, China takes 5 to 7 weeks. It should however be noted that most of the procedures are subject to approval granted by the government departments and therefore some of the procedures may take longer than expected.
If special licence or permit or other extra change is required, we may need to adjust our fees and the time required may need to be extended accordingly.
| 1. |
Change Costs |
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(1) |
Our Service Fees |
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Our fees for handling the change of company name for a service type WFOE in Shenzhen, China are RMB12,000. In particular, our fees cover the following services: (1) Preparation of change application documents; (2) Perform name availability search (3) Application for approval and reservation of the proposed company name (4) Application for the change with the registry office; (5) Remaking of the seals for the WFOE; (6) Application for the change with MOFCOM; (7) Application for the change with the tax bureau; (8) Application for the change of foreign exchange registration particulars; (9) Application for the change of company information with the opening bank for RMB basic account. 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 estimate official filing fees are around RMB2,000. 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. |
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| 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’s mainland or Taiwan official tax invoice is required, Value-Added Tax or Business Tax at the prevailing rate in the respective jurisdiction will be charged. |
| 3. |
Required Documents and Materials |
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The following materials are required for the purpose of change of company name for a service type WFOE in Shenzhen, China: |
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(1) |
New company name; |
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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. |
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Please note the original identity certificate of the legal representative shall be presented for checking when applying for bank changes. Sometimes, the bank may ask the legal representative to visit the bank in person. |
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| 4. |
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. |
Step
Description
Who is Responsible
Working Days
Preliminary
1
Preparation of new company name
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
Perform name availability search
Kaizen
1
5
Application for approval and reservation of the proposed company name
Kaizen
1
6
Application for the change with the registry office
Kaizen
3-5
7
Remaking of the seals for the WFOE
Kaizen
2
8
Application for the change with MOFCOM
Kaizen
3
9
Application for the change with the tax bureau
Kaizen
1
10
Application for the change of foreign exchange registration particulars
Kaizen
10
11
Application for the change of company information with the opening bank for RMB basic acocunt
Kaizen
10-15
Around 5-7 Weeks
Schedule 1 – Summary of Costs for Change of Company Name for a Service WFOE
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Item |
Description |
Amount |
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1 |
Service fees for change of company name for a service WFOE in Shenzhen (Note 1) |
12,000 |
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2 |
Official filing fees (Note 2) |
2,000 |
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3 |
Disbursements |
500 |
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4 |
Translation fees (Optional) |
N/A |
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TOTAL |
14,500 |
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Note:
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