PROPOSAL. China Company Establishment

Transcription

1 PROPOSAL China Company Establishment

2 CONTENTS Introduction To YINGKE Why Choose YINGKE Introduction To Chinese Company Chinese Company Setup Costs Total Support Management YINGKE Clients YINGKE Offices & Contacts

3 01 Introduction To YINGKE

4 Introduction To YINGKE YINGKE is a leading international bilateral investment service firm which provides customized consulting and investment solutions to corporate and individual clients in China and worldwide. Over the years we have built up an integrated network empowered by YINGKE LAW FIRM the largest law firm in China. YINGKE, with its headquarters in Shanghai, has over 40 offices in China and over 30 offices worldwide extending to virtually every continent and major market. YINGKE is well equipped with the necessary resources and international expertise to serve our clients cross-border needs. YINGKE s clients range from industry giants to small-medium enterprises as well as government agencies, chambers and associations. Apart from comprehensive FDI service, YINGKE provides foreign clients with tailored inbound commercial investment solutions that drives business expansion in the Chinese market. More than that, our international brand management practice connects Western brands to Chinese companies; our corporate immigration practice transfers talents across borders; and our HR Services continue to source the best talents that empower and grow with your business. In addition, we also assist Chinese companies in outbound commercial investments, and increasingly wealthy Chinese individuals in their overseas real estate investments. YINGKE s many years of foreign and Chinese investment services expertise, and our ability to transform complex legal, tax, financial and human resources management (HRM) issues into innovative and simple solutions, has earned us a leadership position in China s bilateral investment services arena. With YINGKE, you can rely on and trust us in planning and implementing your commercial investment project.

5 Why Choose YINGKE 02 Largest law firm in China and Asia Pacific Broad Network: 40 offices in China, 30 offices overseas, covering all major cities in China 5000 Lawyers & Consultants Recognized as Leading Law Firm by ALB and Legal 500 and other Institutions

6 Introduction To Chinese Company Business Types in China 03 WFOE - The Most Common Business Type for Foreign Investors WFOE S Main Advantages WFOE Establishment Requirements WFOE Establishment Procedures

7 Introduction To Chinese Company Business Types in China 1. Wholly Foreign Owned Enterprise (WFOE) 2. Foreign Invested Partnership Enterprise (FIPE) 3. Representative Office (RO) 4. Joint Venture (JV) Introduction To Chinese Company WFOE - The Most Common Business Type in China For Foreign Investors WFOE is a limited liability company 100% controlled by foreigner shareholders. It is generally preferred over other types of companies, except for certain restricted industries. There are three types of WFOE, namely: Manufacturing WFOE, if it manufactures in China; Consultancy WFOE, if it offers consultancy or service; and Trading WFOE (or FICE, Foreign-Investment Commercial Enterprise), if it does trading, wholesale, retail or franchising in China. WFOE S Main Advantages -Full control of your company, to implement your investment strategy without additional stipulations. -Can carry out business functions like normal Chinese companies, such as being able to issue tax invoices (Fapiao) to customers in RMB and receive revenues in RMB. -Can repatriate profits back to the home country without prior approval from the State Administration of Foreign Exchange (SAFE). -Can protect intellectual property. -Full control of human resources.

8 Introduction To Chinese Company WFOE Establishment Requirements -Any foreign company or Individual can register a WFOE except for certain restricted industries -Minimum Registered capital is RMB30,000 according to China Corporation Law. RMB 100, ,000 ($15,000-75,000) is the common range for minimum investment capital to be approved for Consulting, Service and Hi-Tech WFOE registration in China. Introduction To Chinese Company WFOE Establishment Procedures In Total: about months 1. Name Approval : 5 days 2. Approval from Foreign Trade Bureau: 5 working days 3. Company License: 5 working days 4. Tax Registration: 3 working days 5. Foreign Exchange Register: 5 working days 6. Opening Bank account :5 working days 7. Other Certificates: 5 working days An Extra Period of 20 Working Ways, if the investor wants to apply for VAT license and export/import license (optional) 1. Export/import License 5 working days 2. VAT License: 5 working days 3. Custom Registration: 5 working days 4. Other Related Certificates: 5-10 working days

9 Chinese Company Setup Costs 04 WFOE Establishment COSTS WFOE Establishment Packages WFOE Registration Cost in Different Cities of China

10 Chinese Company Setup Costs WFOE Establishment COSTS RMB 15,000-25,000 (USD2,200-3,600) Depending on Different Chinese Cities.The cost includes: All licenses & Seals Services fees All gov. Expenses All Register Tax

11 Chinese Company Setup Costs WFOE Establishment Packages Beijing WFOE Beijing Company Incorporation Service Package Shanghai WFOE Shanghai Company Incorporation Service Package Shenzhen WFOE Shenzhen Company Incorporation Service Package USD 2,700 Include All gov. Expenses All licenses & Seals Services fees All Register Tax USD 2,200 Include All gov. Expenses All licenses & Seals Services fees All Register Tax USD 2,200 Include All gov. Expenses All licenses & Seals Services fees All Register Tax

12 Chinese Company Setup Costs WFOE Establishment Packages Guangzhou WFOE Incorporation Service Package USD 2,700 Include All gov. Expenses All licenses & Seals Services fees All Register Tax Shanghai WFOE (Free Trade Zone) Incorporation Service Package USD 3,400 Include All gov. Expenses All licenses & Seals Services fees All Register Tax Shenzhen WFOE (Free Trade Zone) Incorporation Service Package USD 2,900 Include All gov. Expenses All licenses & Seals Services fees All Register Tax

13 WFOE Registration Cost in Different Cities of China (In alphabetical order) No. City City(Chinese) Expense(RMB) 1 Beijing 北京 Changchun 长春 Changsha 长沙 Chongqing 重庆 Chengdu 成都 Dongguan 东莞 Dalian 大连 Foshan 佛山 Fuzhou 福州 Guangzhou 广州 Guiyang 贵阳 Hangzhou 杭州 Hefei 合肥 Hohhot 呼尔浩特 No. City City(Chinese) Expense(RMB) 15 Jinan 济南 Kunming 昆明 Lasha 拉萨 Nanning 南宁 Nanjing 南京 Ningbo 宁波 Quanzhou 泉州 Qingdao 青岛 Shanghai 上海 Shanghai FTZ 上海自贸区 Shenzhen 深圳 Shenzhen FTZ 深圳自贸区 Shijiazhuang 石家庄 Shenyang 沈阳 No. City City(Chinese) Expense(RMB) 27 Suzhou 苏州 Tianjin 天津 Taiyuan 太原 Wuxi 无锡 Wuhan 武汉 Wenzhou 温州 Urumqi 乌鲁木齐 Xiamen 厦门 Yinchuan 银川 Yiwu 义乌 Zhuhai 珠海 Zhengzhou 郑州 18000

14 Total Support Management 05 Tax & Accounting Services Total Support & Back Office Services Tax & Accounting Costs Post Registration Services

15 Total Support Management After your company is established, YINGKE can help manage all of your on-going administrative requirements, a complex and time-consuming process involving correspondence with the government and relevant bureaus. Through our Professional Accountant and Tax Expert, YINGKE can manage your China company s tax and accounting more efficiently. We offer you: Tax & Accounting Services Total Support & Back Office Services Post Registration Services

16 Tax & Accounting Services YINGKE will assign a TOTAL SUPPORT Account Manager to your company as a single point of contact, thus enabling us to build a good relationship and help us better understand your business requirements. Bookkeeping Annual Return Establishment and Maintenance of Bookkeeping System for Tax Purposes in Accordance with Chinese Accounting Standards. Annual Company Report and Annual Financial Report to the company s registered authorities as required by Chinese law. Tax Return Filing of Value-added Tax (VAT), Corporate Income Tax(CIT), Individual Income Tax, and other taxes and government fees. Preparation of Company Accounts Preparation of Monthly Financial Statements for Tax Filing and Submission, Including the Generation of Balance Sheets and Income Statements Tax Advice Tax planning and advice to ensure the lowest but lawful tax payment.

17 Total Support Management Total Support & Back Office Services Keeping of Company Licenses and Stamps Capital & Basic Bank Account Maintenance Keeping of Company Invoice Machine Banking Cashier Service Post Registration Services As the largest foreign direct investment firm we are able to provide a diversity of services after your company s establishment: China Trademark & Patent China Lawyer & Legal Services China Visa & Work Permits Recruitment & Payroll

18 06 Select YINGKE Clients

19 07 YINGKE Offices Beijing & North China: Beijing, Tianjin, Dalian, Shenyang, Harbin, Changchun, Shijianzhuang, Zhengzhou, Jinan, Qingdao, Hohhot Shanghai & East China: Shanghai, Hangzhou, Ningbo, Wenzhou, Suzhou, Nanjing, Wuxi, Hefei, Nanchang Shenzhen & South China: Shenzhen, Guangzhou, Dongguan, Zhuhai, Shantou, Foshan, Xiamen, Quanzhou, Fuzhou Chengdu & West China: Chengdu, Chongqing, Xi an, Taiyuan, Wuhan, Changsha, Kunming, Lhasa, Urumqi, Nanning, Guiyang, Yinchuan

20 YINGKE Offices Broad Network: 40 offices in China, 30 offices overseas, covering all important cities in China

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22 Thanks Contact us Tel: Add: Yingke Lawyer Tower, Jiangchang 3rd Rd,Shanghai, China Website: