B.String Business Consulting Ltd.

international Management cONSULTING

     
 
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    FICE
 

 

     ·Business Nature
     ·General Info
     ·Documents required
     ·Procedure
     ·Tax policy



  Business Nature

Business scope: wholesaler, commission agent (except auction) ,import and export ,other business trading business, Generally, it’s better to engaged in one or two big sort goods which need record the goods’ Customs H.S. code in application. .

 

 



   General Info

    1. Registered Capital:
     ·It should be depending on the feasibility study and 500,000 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. The registered address:
     ·The company should rent a office in office building in 50sqm at least

    3. Company name: ×××( Shanghai ) trade company limited

 




   Documents required  
(As reference)


  Prepared by client

    1. Five enterprise's name (Chinese) to be prepared for new company

    2. The copies of Business license or certificate of incorporation or Commercial Registration and Brief Introduction of         investor

    3. The company introduction

    4. The business plan within three years of New company included Sales Quantity& Sales amount for each product,         business mode.

    5. Business scope & products list

    6. The passport copy and address and nationality of the legal representative of the investor or Director member’s

    7. The resume and four photos (one inch ) for legal representative

    8. The supervisor’s passport copy

   
9. 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

    10. 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 )

    11. 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

    12. The audit report for investor from accounting firm in nearly year. (Original in 1)

    13. Products list for import & export ( Original in 3pcs)


  Prepared by B.String

    1  Application Letter ( original in 2pcs )

    2  Director member list for new company

    3  Appointment letter ( Original in 4 for each one)

    4  The Article of association

    5  Feasibility study report

    6  Estimated the total investment value and its assignment, estimated register capital

    7  Entrustment Agreement

    8  Foreign Investor Enterprise Establishment Application letter from government

    9  Other application documents making

 


                                                                                                                   


   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 a/c

    11.Opened the RMB bank a/c

    12.Injecting the capital to the bank a/c

    13.Capital verification by accounting firm

    14.Revising the Business license

    15.Revising the Tax license

    16.Applying the statistic bureau

    17.Custom Registration

    18.Financing Registration

 



   Tax policy


    ·General Tax
             Business tax : Value added tax 17% (small-sized enterprise, The amount value’s 6% )
             Profit tax : 25%

 


 

 

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