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Change of Legal Representative for Shenzhen WFOE - Procedures and Fees

Change of Legal Representative for Shenzhen WFOE - Procedures and Fees


Unless otherwise indicated, the WFOE mentioned in this quotation refer to a limited liability company formed and registered in Shenzhen, China in accordance with the China Company Law and the related regulations and wholly owned by one or more foreign companies or individuals.

Summary

The quotation applies to situations where a service type WFOE registered in Shenzhen intends to change the legal representative, the members of the board of directors, general manager, and/or supervisor and that no special licence or permit or other change is required.

Our fees for handling the change of the legal representative, the members of the board of directors, general manager, and/or supervisor for a service type WFOE in Shenzhen, China are RMB13,000 and our fees cover the services listed in Section 1(1) of this quotation. Our service fees, however, do not include the payment of official change filing charges.

The materials required include the photocopy of the identity certificate of the new legal representative, director, general manager and/or supervisor, incorporation certificates of the WFOE and others. A list of the materials is detailed in Section 3 of this quotation.

The whole process for the change of the legal representative, the members of the board of directors, general manager, and/or supervisor for a WFOE in Shenzhen, China takes around 4 to 6 weeks. It should however be noted that most of the procedures are subject to approval granted by the government departments and therefore some of the procedures may take longer than expected.

If special licence or permit or other extra change is required, we may need to adjust our fees and the time required may need to be extended accordingly.

1. Change Costs

(1)
Our Service Fees


Our fees for handling the change of the legal representative, the members of the board of directors, general manager, and/or supervisor for a service type WFOE in Shenzhen, China are RMB13,000. In particular, our fees cover the following services:
(1) Preparation of change application documents;(1) Preparation of change application documents;
(2) Making an appointment for the submission of paper application;
(3) Application for the change with the registry office;
(4) Manufacturing of the name seal for the new legal representative;
(5) Application for the change with MOFCOM;
(6) Application for the change with the tax bureau;
(7) Application for the change of foreign exchange registration particulars;
(8) Application for the change of company information with the opening bank.

If special licence or permit or other extra change is required, we may need to adjust our fees accordingly.


(2)
Official Filing Fees


Our service fees stated in Section 1 (1) do not cover any official filing fees. The estimate official filing fees are around RMB1,500. The official filing fees will be billed with supporting official receipts.


(3)
Translation Costs


Our service fees stated in Section 1 (1) do not cover translation costs for translating the documents prepared by you from English to Chinese or translation of registration documents from Chinese to English. If so required, we will charge an extra amount of RMB350 per page of A4 size paper for the translation services.


All the fees quoted above do not include the Value Added Tax and Surcharges of 7.5% if Chinese tax invoice (Fapiao) is required.

A summary of the fees and costs is provided in Schedule 1 to the quotation.

2. Payment Terms and Methods

Upon receipt of your order, we will issue an invoice to you for your settlement. We require full payment in advance.

If China’s mainland or Taiwan official tax invoice is required, Value-Added Tax or Business Tax at the prevailing rate in the respective jurisdiction will be charged.

3. Required Documents and Materials

The following materials are required for the purpose of change of the legal representative, the members of the board of directors, general manager, and/or supervisor for a service type WFOE in Shenzhen, China:

(1)
A photocopy of the identity certificate, China mobile number and email address of the new legal representative, director, general manager and/or supervisor;

(2)
Business Licenses (original and duplicates);

(3)
Bank Account Opening Permit;

(4)
Organizational Credit Code Certificate;

(5)
Foreign Exchange Registration Permit;

(6)
Common Seal, Finance Seal, Name Seal of the Legal Representative;

(7)
Other documents or information temporarily required by registration authorities.


Please note the original identity certificate of the legal representative shall be presented for checking when applying for bank changes. Sometimes, the bank may ask the legal representative to visit the bank in person.

4. Estimated Time Frame

It is estimated that the whole change process would take around 4 to 6 weeks, subject to the approval by the various registration authorities in Shenzhen. The table below shows the estimated time frame for each of the steps for the change.

Step


Description


Who is Responsible


Working Days


Preliminary


1


Preparation of materials required


Investor


Investor’s schedule


Application for Change


2


Application for the change with MOFCOM


Kaizen


3-6


3


Making an appointment for the submission of paper application


Kaizen


5


4


Application for the change with the registry office


Kaizen


3-5


5


Manufacturing of the name seal for the new legal representative


Kaizen


2


6


Application for the change with the tax bureau


Kaizen


1


7


Application for the change of foreign exchange registration for FDI


Kaizen


10


8


Application for the change of company information with the opening bank


Kaizen


10-15


Around 4 -6 Weeks




If you wish to obtain more information or assistance, please visit the official website of Kaizen CPA Limited at www.kaizencpa.com or contact us through the following and talk to our professionals:
Email: info@kaizencpa.com, enquiries@kaizencpa.com
Tel: +852 2341 1444
WhatsApp/Line/Wechat: +852 6114 9414, +86 152 1943 4614
Skype: kaizencpa

Schedule 1 - Summary of Costs

Item


Description


Amount


RMB


1


Service fees for change of legal representative for a service type WFOE in Shenzhen (Note 1)


13,000


2


Disbursements


500


3


Official filing fees


1,500


4


Translation fees (Optional)


N/A


TOTAL


15,000




Note:
1. If special licence or permit or other extra change is required, Kaizen can handle the application and our fees will be quoted upon request.
2. If Chinese tax invoice is required, a Value Added Tax and Surcharges of 7.5% would be applicable.

Download: Change of Legal Representative for Shenzhen WFOE - Proceduresand Fees [PDF]


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