China Company - Retailer

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China Company - Wholly Foreign Owned Enterprise - Retailer

• Below cost and fee are examples and applicable only to big cities like Shanghai (SH) and Beijing (BJ) AND SHENZHEN.
• Cost and fee for other cities need to be quoted per request.

• a) Business Nature
• Business scope : Retail any goods or food in the shop model.

• b) General Information
• 1. Registered Capital
• -- It should be depending on the feasibility study and 300,000 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.
• 2. Registered Address
• -- The company should rent a address which can use be the retail shop in 30sqm at least.
• 3. Tax Policy
• -- Profit Tax Rate : 25% ;
• -- Business Tax Rate : 5% .
• 4. Tax Policy
• -- Business tax : Value added tax 17% (small-sized enterprise, The amount value’s 6% ) ;
• -- Profit Tax Rate : 25% .

• c) 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 business plan within three years of New company included Sales Quantity& Sales amount for each product, business mode ;
• -- Business scope & products list ;
• -- The passport copy and address and nationality of the legal representative of the investor or Director member’s ;
• -- The resume and four photos (one inch ) for legal representative ;
• -- The supervisor’s passport copy ;
• -- Lease 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
• -- 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 ( Original in 4 pcs ).
• -- 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.
• -- The audit report for investor from accounting firm in nearly year. (Original in 1) ;
• -- Products list for import & export ( Original in 3pcs).
• Prepared by Us
• -- Application Letter ( original in 2pcs ) ;
• -- Director member list for new company ;
• -- Appointment letter ( Original in 4 for each one) ;
• -- The Article of association
• -- Feasibility study report
• -- Estimated the total investment value and its assignment, estimated register capital
• -- Entrustment Agreement
• -- Foreign Investor Enterprise Establishment Application letter from government
• -- Other application documents making

• d) 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 Temporary Organization Enterprise code license
• 7. Applying the Tax license
• 8. Making the chops
• 9. Apply the Foreign Exchange registration in State Administration of foreign exchange bureau.
• 10. Opened the capital bank account
• 11. Opened the RMB bank account
• 12. Injecting the capital to the bank account
• 13. Capital verification by accounting firm
• 14. Revising the Business license
• 15. Applying the statistic bureau
• 16. Custom Registration
• 17. Financing Registration

Retailer Others Infomation

• WFOE (Wholly Foreign Owned Enterprise)
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