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China Company - In Free Trade Zone

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China Company - In Free Trade Zone

  • a) In Free Trade Zone -General Information
  • Registered Capital
  • -- It should be depending on the feasibility study and 10,000 RMB at least ;
  • -- To apply the value-added tax invoice and be the general tax payer's qualification to enjoy the tax refund in export business ;
  • -- The capital should be 1,000,000 RMB at least ;
  • -- 20% of registered capital should be arrived within first three month after the business license approved.
  • Registered Address
  • -- The company should rent a office in WaiGaoQiao free-trade zone as the actual address ;
  • -- Rent a virtual address and subsequently set up a branch in downtown when the registered capital injected to capital bank account totally.
  • Company Business Nature
  • -- Consulting, Trading, Warehouse, Logistic and Forwarder, Manufacture within free trade zone.
  • b) In Free Trade Zone -The Required Documents (as reference)
  • Prepared by client
  • -- Five enterprise's name (Chinese) to be prepared for new company ;
  • -- The copies of Business license or certificate of incorporation or Commercial Registration and Brief Introduction of investor ;
  • -- The company introduction ;
  • -- The passport copy of the legal representative of the investor ;
  • -- The resume and four photos (one inch ) for legal representative ;
  • -- The supervisor’s passport copy ;
  • -- ease Agreement for the WFOE to be established. (Copy,The contract must be for not less than one year) and the property right certificate of the owner(copy with the seal). Certifying the contract by the estate bureau depending on the registration location.
  • -- Embassy Certificate : The business license should be certified by Chinese Embassy in investor country.
  • HK company : The HK company’s license certified by Chinese Law service (HK) company
  • -- Bank Reference Letter. This letter should be issued by a non-Chinese bank that has business relations with the foreign enterprise with validity of six months.
  • -- All documents in foreign language should be translated into Chinese.
  • Prepared by Us
  • The appointment letter of the member of board.
  • The Article of association ;
  • The Feasibility study report : Drawing by us, signing by investor.
  • please supply the following information :
  • Business scope & products list
  • The business plan within three years of new company included Sales Quantity & Sales amount for each product, business mode.
  • Organization structure and employee’s quantity.
  • Estimated the total investment value and its assignment, estimated register capital.
  • Entrustment Agreement
  • The application for registration form made by Administration for Industry & Commerce.
  • c) In Free Trade Zone -The Procedure
  • 1. Signing the Entrustment Agreement ;
  • 2. Prepared the required documents.
  • 3. Name checking application.
  • 4. Getting Approved License from Foreign Economic Relation Commission.
  • 5. Applying the temporary business License from Administrative Bureau For Industry & Commerce.
  • 6. Applying Organization Enterprise code license
  • Applying Tax Licesnes ;
  • Making the chops ;
  • Apply the Foreign Exchange registration in State Administration of foreign exchange bureau ;
  • Opened the capital bank account ;
  • Opened the RMB bank account ;
  • Injecting the capital to the bank account ;
  • Capital verification by accounting firm ;
  • Revising the Business license ;
  • Applying the statistic bureau ;
  • Custom Registration ;
  • Financing Registration ;
  • Apply for the member of the Wai Gao Qiao trading marketing.
  • d) In Free Trade Zone -Tax Policy
  • The policy of tax-free
  • -- It can enjoy the free imported tax or VAT tax which the equipment, materials, official article using by itself
  • -- The manufactory enterprises, at the first two years from company formed, the profit tax is free, Later three years, the profit tax rate is 15%.
  • The policy of profit tax
  • -- The profit tax rate of WFOE in the zone is 15%. If the WFOE joint the members of Wai Gao Qiao trading marketing, at the first two years from company formed, the profit tax rate is 15% and allowance 3.6% ;
  • -- Later three years, allowance is 1.8% (The period of validity lasted to the end of 2010).
  • The policy of value-added tax
  • -- The value-added tax rate of WFOE in the zone is 17% ;
  • -- If the WFOE joint the members of Wai Gao Qiao trading marketing, at the first two years from company formed, the value-added tax rate is 17% and allowance 2.55% ;
  • -- Later three years, allowance is 1.27% (The period of validity lasted to the end of 2010).

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