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Shenzhen Qianhai WFOE Registration Package SZLLC201507
(Encouraged Industries)
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This package is applicable to the case where a Hong Kong investor applies to register a limited liability company (WFOE) in Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone (hereinafter referred to as Qianhai), Shenzhen, China. The registration costs will be increased accordingly if your business activities need special approval.
An enterprise incorporated in Qianhai and engaged in the Encouraged Industries is entitled to a preferential enterprise income tax rate of 15% during the period from 1 January 2014 to 31 December 2020 in accordance with the PRC law. Such enterprise need to meet the following two requirements:
1. The enterprise’s main business is included in the Encouraged Industries; and
2.The enterprise’s main business income covers more than 70% of its total income.
The catalogue of the enterprise income tax preferential program in Qianhai Shenzhen Hong Kong Modern Service Industry Cooperation Zone is as follows: |
| A. |
Modern Logistic Industry |
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1) |
The design of the supply chain solution, the management and processing of the orders, virtual production, information management, capital management, consulting services and some other supply chain management services |
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2) |
On-board and off-shore outsourcing logistic services |
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3) |
The development and operation of the system of modern logistic technology and logistic public services |
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4) |
The settlement and management of the third party logistics |
| B. |
Information Service Industry |
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| 1)
| The development of the communication value-added business applied system |
| 2)
| The R&D of the e-verification, e-commerce, and e-government technology |
| 3)
| The R&D service of information safety technology |
| 4)
| The data mining, data analysis, data service and the development of the digital resources |
| 5)
| The new-generation mobile communication network, the new generation internet technology development based on Pv6 |
| 6)
| The R&D of the satellite communication technology |
| 7)
| The R&D and service of the general software, industry applied software, and embedded software |
| 8)
| The R&D and service of the technology of cloud computing, internet, high-reliable computing, intelligent net and big data | |
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| C. |
Science and Technology Service Industry |
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| 1)
| The professional science and technology service of various industries, such as new energy, new material, the bio-medicine, the low carbon green and some others |
| 2)
| The R&D and service of the new technologies, including gene sequencing, stem cells, functional protein, life science and so on |
| 3)
| The R&D and service of the new-energy battery, the three-dimensional display and print technology |
| 4)
| The technology –advanced service, such as the information technology outsourcing, the business process outsourcing, the knowledge process outsourcing and so on. | |
| D. |
Creative Industry |
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| 1)
| The creative design service, including the graphic design, package design, ad design, interior design, landscape design, industry design, costume design, and so on. |
| 2)
| The development of the cultural information resources |
| 3)
| The R&D and service of the audio-visual program technology |
| 4)
| The R&D and creation of the cartoons and internet games |
| 5)
| The R&D and service of the new media technology | |
| 1. |
Registration Costs |
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Our preferential package price for setting up a WFOE with Hong Kong investment in Qianhai, Shenzhen are USD2,000, which include the government charges incurred during the registration process.
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The service items covered in the foregoing package include:
The registered address service for the first year.
Name availability search.
Project filing.
Application for WFOE business licence.
Application for approval and carving of company seals.
Foreign exchange registration.
Opening of one capital account and one RMB basic account.
Finance registration. |
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NOTE:
| (1)
| The above price is exclusive of tax. The Value Added Tax and Surcharges of 7.5% would be applicable if Chinese tax receipt (Fapiao) is required. |
| (2)
| The price stated above also does not cover the translation costs for translating the documents prepared by you from English to Chinese or translation of registration documents from Chinese to English. The cost for the above translation will be quoted separately upon request. |
| (3)
| The price stated above also does not cover the legalisation of the identity documents of the shareholder/investor. If the investor applying to set up the WFOE is a Hong Kong company, then we could also assist to arrange the legalisation of the incorporation documents at a cost of USD1,000 (tax exclusive). | |
| 2. |
Required Documents and Materials |
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The following documents and materials should be prepared by you before submitting an application for registration: |
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(1) |
One set of original legalized identity or incorporation evidence for the investor (i.e. passport for individual foreign investor and Certificate of Incorporation and/or Registration Certificate for corporate foreign investor, and board resolution on the appointment of the legal representative who will sign relating documents on behalf of the investor). The investor’s identity or incorporation document shall be legalised by the Chinese Embassy or Consulate in the country where the investor is resided or registered. |
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(2) |
The name, address and/or place of registration, telephone and fax number of the investor. |
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(3) |
The name, nationality and position of the legal representative (or the name and nationality of the managing director) of the investor. |
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(4) |
The proposed name of the WFOE. Please provide the proposed name and 2 alternatives (the company name must be in Chinese, the English name cannot be registered ). |
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(5) |
A summary of the proposed scope of business and scale of business. |
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(6) |
The total amount of investment in the WFOE, including:
The amount of the registered capital; and
The method and time limit of capital contribution.
Note :The minimum registered capital requirement of RMB5 million has been abolished for a WFOE with Hong Kong investment. The investor may decide on the capital amount, method and deadline for capital contributions at its own discretion
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(7) |
The form of organisation, management structure (including the director, general manager and supervisor) and the legal representative of the WFOE. The photocopies of the identity certification (i.e. passport for foreigners) of the director, general manager, supervisor and legal representative. The resident address, email address and Tel. No. of the proposed legal representative. |
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(8) |
The name and address of your favourite opening bank for the WFOE. Please be noted that the original passport / ID Card and/or mainland travel permit of the legal representative of the WFOE shall be presented to the bank for verification purpose. |
| 3. |
Estimated Time Frame |
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It is estimated that the whole registration process for a WFOE with Hong Kong investment in Qianhai, Shenzhen would take around 1-2 months. The table below shows the estimated time frame for each of the steps for the registration process. |
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Step
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Description
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Who is Responsible
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Working Days
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Preliminary
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1
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Legalisation of identity documents of the investor
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Investor
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Investor’s schedule
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2
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Agreement with Qianhai Administration
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Kaizen
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Investor’s schedule
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3
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Other documents
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Investor
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Investor’s schedule
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Application for Registration
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4
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Perform name availability search
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Kaizen
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1
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5
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Project filing
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Kaizen
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5
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6
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Agreement with Qianhai Administration
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Kaizen
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3
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7
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Application for WFOE business licence
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Kaizen
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5
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Post Registration Procedures
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8
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Application for approval and carving of company seals
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Kaizen
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2
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9
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Perform foreign exchange registration
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Kaizen
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5
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10
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Opening of bank account
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Kaizen
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10-15
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11
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Perform finance registration
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Kaizen
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3
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Around 1-2 Months
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| 4. |
Certificates and Materials obtained after Registration |
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After the WFOE is officially registered, it will obtain the following certificates, corporate documents and seals to prove its legal existence and to carry out its daily operation.
(1) Record Certification
(2) Business Licence (Original, Duplicate)
(3) Finance Registration Certificate (Original & Duplicate)
(4) Company Seals (Common Seal, Seal of the Legal Representative, Finance Seal)
(5) Bank Account Opening Permit
(6) Other related documents
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| Kaizen Scope of Service |
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Hong Kong company registration, accounting, auditing, tax filing and tax planning
Serviced office in Hong Kong
China company registration, accounting, tax filing and tax planning
Virtual office in Shenzhen, Shanghai and Beijing
Singapore company registration, accounting, tax filing and tax planning
Offshore company registration, ongoing maintenance and compliance
Hong Kong, China’s mainland and Singapore work visa application
Trademark registration across the world | |
