ATA CORPORATE FORMATION|Beijing Company Registration|COMPANY REGISTRATION|TRADEMARK REGISTRATION

PROFESSIONAL COMMENT----BJ WFOE REGISTRATION
Declaration
If you want to invest in Beijing China , you don't need to go to the relevant government departments for so many formalities, but just turn to Beijing ATA. Beijing ATA gives you tailor-made service and serves the world of business, professional and trustworthy.

General information
The WFOE is a Limited liability company wholly owned by the foreign investor(s). In Beijing China , WFOE was originally conceived for encouraging manufacturing activities that were either export orientated or introduced advanced technology. However, with China’s entry into WTO, these conditions were gradually abolished and the WFOE is increasingly being used for service providers such as a variety of consulting and management services, software development and trading as well.

Company name and shareholder
In Beijing China , NOT every name will be accepted by the Industrial and Commercial Administrative Bureau (ICAB), known abroad as Company Registry. And in China some sectors need special license. Your company's name must be distinguished from the others' if you want it to be accepted by the ICA.
The shareholders must come from overseas.

Registered capital and location
The registered capitals for trading enterprises are usually required as much as RMB 500,000 or above. For manufacturing enterprises, RMB 1 million or above is required, for consultancy and technology 100,000RMB or above is required. In Beijing China , the registered capital should be paid 15% in the first three months, If the investment is large enough, you can negotiate with the government on the matter.
The registered location is in BeiJing. You can rent the commercial buiding as the WOFE office.

Book-keeping and auditing services
ATA have many of Accountants and auditors, so we can supply the services for your WOFE.

Business scope
One of the most important issues covered in the project documentation is the business scope of the WOFE. Business scope is narrowly defined for all businesses in China and the WOFE can only conduct business within its approved business scope, which ultimately appears on the business license. Any amendments to the business scope require further application and approval. Inevitably, there is a negotiation with the approval authorities to approve as broad a business scope as is permitted. General business scope usually includes, investment consulting, international economic consulting, trade information consulting, marketing and promotion consulting, corporate management consulting, technology consulting, manufacturing, etc.

Advantage of wholly owned by the foreign investor(s). In Beijing (WFOE)
1. The enterprise enjoy tax net profit holidays for the first two years and half tax for the following three years since the company makes profit.
2 .The high-tech manufacturing enterprises in Shenzhen can enjoy more preferential policies.
3. There are some preferential policies esp. for manufacturing when the manufacturers buy the land which would be used as workshop within Chinese territory.
For more information on preferential policies, please don't hesitate to contact ATA's professional consultants at 86-010-58674406/07/09.

Bank opening
Bank reference provided by the bank of the country or region where the enterprise comes: The bank reference, to be signed by the person in charge or business manager of the bank, shall state clearly the enterprise's registered capital and present amount of deposit, as well as the reputation of its flexing capitals after the opening of the account. (original)

Taxation
China adopts a low-tax policy for foreign-invested enterprise, and a preferential tax policy for the areas or those projects listed in the state-encouraged industrial catalogue for foreign investment.
The income tax of foreign-invested enterprises should be levied at the rate of 33 percent; but in special economic zones, national high and new technology industrial development zones, national economic and technological development zones, the income tax paid by foreign-invested enterprises is at the rate of 15 percent. In open coastal areas and the capital cities of each province, income tax of the foreign-invested enterprises remains at the rate of 24 percent.

Annual Return
Any limited companies should summit annual return to the relevant authorities. Any company will be subject be to a fine if the Annual Return is not submitted in a timely manner.

Procedure
Step1: Fill in the application form (sign the agreement)
Step2: Entitle the company name
Step3: pay for the earnest money (50% of total)
Step4: submit the needed document
Step5: check the document
Step6: submit all the document to the government
Step7: inform the course to the customer
Step8: finished in the 20-50 working days
Step9: inform the customer to take the document
Step10: pay the spare money
Step11: sign the receipt.

Document requiment
(1) Application for the establishment of a foreign enterprise (signed by legal representative of authorized representative).
(2) Feasibility study report.
(3) Articles of association of the foreign enterprises.
(4) List of the legal representative or members of the board of directors of the foreign enterprises, the certificates of appointment of members of the board.
(5) Foreign partner's commercial certificate of registry valid within one year (if the investment is made in personal name, the personal identification card is required).
(6) The investor's creditability certificate effective within 3 months issued by the bank.
(7) Agreement on the lease of enterprise buildings and office buildings.
(8) The notice on the pre-registration of name approved by the Administrative Bureau for Industry and Commerce.
(9) Other required documents. If the above-mentioned documents were written in foreign languages, a Chinese translation version to be enclosed.

Service
Various written instructions and documents which the registered company relates to //Business license and duplicate //National tax , land tax registration card and duplicate //Apply to scribe the seal register //Corporation memorandum //Written instructions or comments of environmental protection //Enterprise's organization's code certificate (IC card ) / official seal , signet , financial chop.

Processing time
Manufacturing enterprises: after approve ,40-50 working-day.
Consultancy enterprises: 40-50 working-day.
Sales enterprises: 90-120 working-day.

Price and payment term
Govement fee + making fee + service fee.

Commercial secretarial service
Open bank account ,make account,plan for tax and finance and so on.

ATA’s commitment
The document is correct

　ATA Corporate Formation & Management
　LTD(Beijing)

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