For food and beverage company, aside from applying for a business license, it needs to apply for Food Circulation Permit as well. In China, no one may operate the food business without a Food Circulation Permit and the business license. The bureau will go to your registered address to check your equipment, sanitation and other environment conditions.
Posted in Food Circulation Permit | Tagged food and beverage, Food Circulation Permit | Leave a Comment »
Dear foreign investors,
When you considering establish a rep office in china,
you should know that rep office is not FDI.
It does not require registered capital,thus you can not directly involved in any profit activities.
When i say rep office is a good choice for foreign investors,
i mean it is an ideal choice for those to get china resident permit
and those who want to understand Chinese market before entering.
Under no circumstances may a Representative Office :
· Generate money or issue invoice within China
· Buy property or import production equipment.
· Directly engaged in any business for profit;
· Sign contracts or deals on behalf of the parent company;
and Represent any firm other than its parent company;
Posted in representative office | Tagged limitations on representative office | Leave a Comment »
Dear investors,
To register your business in Beijing,
you need to notarize your passport by a public notary office first
and then approved by the Chinese embassy in your country.
If you are a legal entity,
then aside from notarize and approve of the legal representative’s passport,
you need to do the same thing
for your parent company’s business license, bank reference letter.
So, you’d better get the notary and approval done before you visit china,
if you are in china already,
you can either go back or delegate someone to do it for you.
Do not ask agents in china to do the notary,
because most of them are not qualified to do passport notary for foreigners.
It is better to be done in the country where your passport is issued, otherwise, the Chinese Bureaus may not approve it when you apply for business registration
Posted in beijing company registration | Tagged passport notary and approval | Leave a Comment »
Registered capital and total investment
| Total Investment($US) | Minimum Registerted Capital | Time Limit |
| Less than 500,000 | 500,000 | Within one year |
| 500,000-1,000,000 | 500,000 | With 1.5 years |
| 1,000,000-3,000,000 | ≥70% | Within 2 years |
| 3,000,000-10,000,000 | ≥50% | Within 3 years |
| 10,000,000-30,000,000 | ≥40% | To be determined by the authority |
| More than 30,000,000 | ≥1/3 | To be determined by the authority |
Equity Joint Venture
A minimum of 25% of the capital must be contributed by the foreign partner(s). There is no minimum investment for the Chinese partner(s).
CJV (Cooperative Joint Venture)
There is no minimum foreign contribution required to initiate a cooperative venture,
allowing a foreign company
to take part in an enterprise where they preferred to remain a minor shareholder.
Documents
Depending on the nature of the operations of the proposed joint venture company,
certain additional government approvals, permits or licenses may be required,
e.g., sanitation certificates, environmental permits, production approvals, export licenses,
etc.
Chinese partner provides:
1.2x copies of the IDs of the Chinese and foreign investors
2.2x copies of Chinese partner’s local company business license
with company stamp on it
3.2x copies CPA firm’s capital verification report
with Chinese partner’s company stamp on it
4.2x copies Chinese partner’s last year audit report
with company stamp on it
5.1 x copy board director’s name and ID list of the Joint Venture
6.2x copies of Chinese partner’s local company’s article of association
Foreign Partner provides:
7.2x Certificate of Incorporations or Equivalent document certified by
Chinese embassy or Chinese consulate overseas
For individual investor: The passport copy of Investors need be certified by Chinese embassy or consulate. Double check with us if individual investor is in China currently.
8.2x Bank Reference Letters from investor’s bank to declare a good standing
9.Passport copy of: (i) Parent company’s director (ii) China company’s Legal Representative and (iii) China company’s supervisor
10.China Legal Representative provides: 6 photos (2 inches size), brief resume
11.Brief introduction of the foreign investor(s) including name, address and telephone number
12.Registered capital; Business Scope; 5 proposed Chinese names of China JV
13.Leasing contract; Rental invoice; Property Ownership Certificate(each page with the owner’s official seal;if the owner is an individual, then each page with the owner’s signature, and 2x ID of the owner)
14.4x Letter of Authorization
15.Only a trading Joint venture needs these documents:
The latest annual audit report copy from the parent company which provided by
a Certified Public Accountant (CPA) and
Custom HS Code of proposed Import/Export products in China
Government Fee:Approx. RMB 6,500
Posted in Joint Venture | Tagged beijing company registration | Leave a Comment »
Yes,you can!
However, the premise is that the Chinese partner has to be a legal entity rather than a natural person to invest in a foreign company.
Posted in FAQ | Leave a Comment »
The office address of a Beijing enterprise
should be within authorized commercial building.
Since June 2004,
Beijing government has banned companies
from establishing their office in residential building.
However it allows businesses already operating in residential building
to remain where they are.
Posted in beijing company registration | Tagged office address | Leave a Comment »
Wages and salaries
Tax payable = taxable income × applicable tax rate - quick calculation deduction.
taxable threshold:
chinese resident:2000rmb
foreigners:4800rmb
| Income | Applicable tax rate% | Quick Calculation Deduction. |
| 2000–5000 | 15 | 125 |
| 5000-20,000 | 20 | 375 |
| 20,000-40,000 | 25 | 1375 |
| 40,000-60,000 | 30 | 3375 |
| 60,000-80,000 | 35 | 6375 |
| 80,000-100,000 | 40 | 10375 |
| Above 100,000 | 45 | 15375 |
Posted in tax | Tagged china individual income tax | Leave a Comment »
Registration process:(WFOE)
1. Name registration with State Administration of Industry and Commerce (SAIC)
2. ”Certificate of Approval”
officially signed and issued by Beijing Municipal Commission of Commerce
3. ”Business License” (original copy and counterpart),
officially signed and issued by Beijing Administration For Industry and Commerce.
4. ”Organization Code Certificate” (original copy and counterpart),
officially signed and issued by Beijing Bureau of Quality and Technical Supervision.
5. ”Foreign Exchange Register Certificate”,
officially signed and issued by State Administration of Foreign Exchange.
6. ”certificate of approval”,
officially signed and issued by State Administration of Foreign Exchange.
7. Taxation Licenses,
officially signed and issued by State Administration of Taxation, Beijing Local Taxation Bureau
8. Official Seal, Financial Seal, Seal of Legal Representative,
and Contract Seal, one of each.
9. Put on record in Beijing Municipal Public Security Bureau
10. Get the official business license after
registered capital fully paid and checked.
Posted in wfoe setup | Tagged beijing company registration, Chinese bureau, registration process, wfoe setup | Leave a Comment »
WFOE is wholly foreign owned enterprise, there are six types of WFOE:
v Consulting WFOE
v Service WFOE
v Hi-tech WFOE
v Trading WFOE
v Food and beverage WFOE
v Manufacturing WFOE
Among those types, consulting and service wfoe requires less registered capital which can be as low as 30,000rmb.
If you are an individual investor rather than a legal entity, then you only need to provide :
1.) 2x Passport copies of Investors need be certified by Chinese embassy or consulate.
2. 2x Bank credibility Letters from investor’s bank to declare a good standing
3. Registered capital; Business Scope; more than 3 proposed Chinese names of China company
4. Leasing contract; Rental invoice; Property Ownership Certificate(each page with the owner’s official seal;if the owner is an individual, then each page with the owner’s signature, and 2x ID of the owner)
If the investor is a foreign legal entity, there are additional document to be provided, you can email us for more information.
Contact: Amy
Mobiel: 15011464429
Office NO.: 86-010-51506763
Email: beijingcorporationsetup@hotmail.com
MSN: zenger72@hotmail.com
Business Blog: http://beijingcompanyregistration.wordpress.com/
Address: 310 Room, Building 1,BeiXinDaSha,HaiDian District, Beijing.
Posted in wfoe setup | Tagged beijing business structure, wfoe registration, wfoe setup | 1 Comment »
Representative office is a good choice for those
who want to invest in china but don’t know the Chinese market very well.
Actually, many of my client just choose this structure to
get their resident permit in china.
Before you choose this structure ,you should know that
a rep office is not FDI, it cannot generate profit.
Here are some brief introduction about a RO.
A representative office is established by the foreign parent company to
do market research, product promotion, quality control and other permitted
non-profit activities in China.
Since January of 2010, foreign parent company has to be established
more than two years to setup a representative office in china.
This may create some barriers for the newly established enterprise overseas.
The reason why the government create this barriers is that
many representative office in Beijing engage in illegal activities or
they operate beyond the permitted activities.
Advantages of a representative office:
v Requires no capital investment
v Easy to setup, can be registered within 10 working days
v Solve your visa problem
Disadvantages as i mentioned is the word ”non-profitable activities”.
Documents you need to establish a representative office:
1) 1x Certificate of Incorporations or Articles of formation or
Equivalent document certified by Chinese embassy
2) 1x Bank Reference Letter from investor’s bank to
declare a good standing and certified by Chinese embassy or Chinese consulate overseas
3) A brief summary of the operations of parent company and China Representative office
4) China Chief Representative; 6 photos [2 inch size] ; passport copy.
5) If there are Representatives to be stationed in China
in addition to the Chief Representative, the resume, 2 pictures,
passport copy of Representative(s) are required;
6) Leasing contract; Rental invoice; Property Ownership Certificate(each page with the owner’s official seal;if the owner is an individual, then each page with the owner’s signature, and ID of the owner)
If you need further information,
please leave a reply or email me at zenger72@hotmail.com
Posted in representative office | Tagged representative office in china | 1 Comment »