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·Business
Nature
·Registered
Address
·Required
Documents
·Procedure
·Tax
policy
Business Nature
Representative Office, or called permanent delegate organization
of foreign corporation, can only engage in the indirect
business activities in China and represent the parent
corporation to do business. Its activities are limited
to a range from the technique communication and products
promotion to marketing research. The office is authorized
to undertake management activities and sign contracts
or agreements which are to assure its sound running.
Registered Address
The registered address should be
in Grade A buildings. If Represent Office is registered
in Shanghai, it is required that the building must have
a foreign services certificate.
Required Documents (As
reference)
Prepared
by client :
1. Brief introduction of the foreign
enterprise, including situation of business of the enterprise
in its own country
or local district,
and the situation of business activities conducted with
the relevant authorities of China should
be included
2. Curriculum Vitae of Chief Representative
of the Rep. Office. This CV should be full, accurate and
true including date
of birth, sex, place of birth, nationality, education
background and work experience without time interruption
3. Identification Certificates
of the Chief Representative: valid ordinary passport
4. Pictures:4 photo pictures in
2"size and 4 in 1" size for the Chief Representative
5. The business license of Incorporation
(copy)
6. 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
7. Embassy Certificate: The business
license ( copy) should be certified by Chinese Embassy
in investor country.
HK company:
The HK company’s license certified by Chinese Law service
(HK) company
8. Lease Agreement for the site
of R/O to be established. (The contract must be for not
less than one year) and
the property
right certificate of the owner (copy with the seal). Which
need certified by estate bureau by both side.
Prepared
by B.String:
1. The Entrustment letter
2. The application for registration
made by Administration for Industry & Commerce (need
new C.R.’s signature)
3. Application Letter. This letter
should be signed by the Chairman of the Board or General
Manager of the enterprise
4. Appointment Letter for the
Chief Representative. This appointment should be signed
by the Chairman or General Manager
of the foreign enterprise and should include such as name,
position and term of the appointed person.
Procedure
1.
Signing the Entrustment agreement
2. Preparing the documents for
signature
3 Applying the R/O name and info
on the Administration of Industrial and commerce bureau.
4. Applying the approval certificate
from Administration of industrial and commerce bureau
5. Making the chops
6. Applying organization code
certificate from Bureau of Quality and Technical Supervision
7. Applying the national tax certificate
8. Applying the local tax certificate
9. Applying the Foreign Exchange
Bureau
10
.Applying
the statistic bureau
11.Opening the Foreign currency
bank a/c
12.Opening the RMB bank a/c
Tax policy
·Income
= Charge/(1-10%-5%)
·Profit
Tax =
Income X 10% X 33%
·Business
Tax = Income X 5%
·Charge
Tax =
Business tax + Profit tax
·5% ----- Business
tax rate
·33% ----- Profit
tax rate
·10% -----
Second Profit tax rate
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