Shenzhen Representative Office Registration Procedures and Fees
The package below for the registration of a Representative Office in Shenzhen, China is applicable only to companies registered in Hong Kong.
1. Pre-registration and Registration Procedures
1.1 Preliminary
(1) Lease of Office Space
Firstly, the investor will have to enter into a tenancy agreement in relation to the office space to be used by the WFOE for a term of not less than 12 months. The office must be located in a commercial building.
(2) Legalisation of Identity Documents of the Shareholder/Member
The investor is also required to arrange to have the identity documents of the shareholder legalised by the Chinese Embassy in the country where the shareholder/member is registered/resided. If the shareholder/member is a corporation, the identity documents required to be legalised are its incorporation documents. In the case the shareholder/member is an individual, the identity document required to be legalised is his passport (foreigner or identity card and home return permit for Hong Kong resident). We could also arrange the legalisation for you and our fees are shown in the table in Section 5.
(3) Bankers' Reference Letter
Also, the investor needs to arrange with its banker to issue a bankers' reference letter. The bankers' reference letter is one of the documents to be submitted for the purpose of registration.
(4) Other Documentation
The investor at the same time needs to prepare other documents, such as photocopy of passports/Hong Kong Identity card/Home Returning Card of the directors, supervisor , legal Representative and General Manager.
1.2 Application for Registration
( 1) Step 1: Registration for Business License
The registration of a RO in Shenzhen starts with the submission of application documents to the Shenzhen Administrative Bureau of Industry and Commerce to apply for registration certificate. In most of the circumstances, the Shenzhen Administrative Bureau of Industry and Commerce will issue the Certificate of Registration in 5 working days after receipt of application documents.
Once the Certificate of Registration is issued, the RO is deemed to be legally established and will have full operational rights to operate in accordance with the business scope stated in the registration certificate.
(2) Step 2: Application of "Enterprise Code" and Card
The RO apply for Enterprise Organisational Code and Card from Shenzhen Technology and Quality Supervision Bureau;
(3) Step 3: The RO then proceed to apply for approval from Shenzhen
Municipal Police Office for graving of common seal and order the graving of common seal with designated seal graving company;
(4) Step 4: State and Local Tax Registration
The RO apply to register with State Tax Bureau Shenzhen Branch and Shenzhen Municipal Tax Bureau and apply for State Tax Registration Certificate and Shenzhen Local Tax Registration Certificate;
(5) Step 5: Establishment of Corporate Bank Account
The RO apply to open a RMB basic account and a tax payment account with a bank of its own choice.
2. Documents required for application
You are responsible for the preparation of the following information and documents:
(1) A set of legalised (by Chinese Embassy or Consulate in the country where the applicant company is registered) incorporation documents (Certificate of Incorporation and/or Business Registration Certificate) of the investor. For a company registered in Hong Kong, the incorporation documents shall be attested by the notary public in Hong Kong who are authorized by Chinese government authority
(2) A original copy of bankers' reference letter issued in the name of the investor and addressed to Shenzhen Administrative Bureau of Industry and Commerce ( 28145;22323;24037;21830;23616; ). The reference letter shall indicate the name and account number of the investor and the balance of the account or average daily balance over the last 6 months;
(3) 2 sets of original Lease Agreement of the office premise to be used by the RO; the lease term should not be less than 12 months. Please note that the Lease Agreement shall be signed by the investor and shall be registered with the House Management Bureau. Photocopy of the property ownership certificate of the premise and the identity certificate of the owner (i.e. certificate of enterprise code for corporate owner or identity card of individual owner) shall be provided as well;
(4) A brief summary of the operations and business of the investor, such as the principal business activities, registered address, contact phone number, name of the applicant company; the address and contact number of the managing director of the applicant company;
(5) A copy of resume, 4 pictures, passport copy, contact number of the Chief Representative and the address where the Chief Representative will be staying while she/he is in China;
(6) If there is/are Representative(s) to be stationed in China in addition to the Chief Representative, the resume, 2 pictures, passport copy, contact number of the Representative and the address where the Representative will be staying while she/he is in China;
(7) The name and address of your favourite opening bank for the RO. Please be noted that the original passport of the Chief Representative of the RO shall be presented to the bank for verification purpose.
3. Time Frame
The table below shows the estimated time frame for each of the steps for the registration process.
Step |
Description |
|
Time (days) |
|
Preliminary |
1 |
Legalisation of Incorporation Documents |
Investor |
|
2 |
Tenancy (Lease) Agreement (for the office to be used by the WFOE) |
Investor |
Investor's schedule |
3 |
Bankers' Reference Letter |
Investor's Banker |
|
4 |
Other documents |
Investor |
Investor's schedule |
Application for Registration |
5 |
Application for Certificate of Registration for the RO from Shenzhen Administrative Bureau of Industry and Commerce |
Kaizen |
5 |
6 |
Application for Approval Certificate from local police Department and arrangement of graving of chop and Seal |
Kaizen |
2 |
7 |
Application for Chief Representative Certificate |
Kaizen |
5 |
8 |
Application for Enterprise Code and Card |
Kaizen |
3 |
9 |
State Tax Registration and Local Tax Registration |
Kaizen |
1-2 |
10 |
Opening of Bank Accounts |
Kaizen |
5-10 |
Total |
Approx. 5 weeks |
Please note the Chief Representative of the RO shall go to Shenzhen Administration Bureau for Industry and Commerce in person to collect the Chief Representative Certificate.
4. Shenzhen Representative Office Registration Costs
(1) Registration Service Fees
Our fees for handling the registration of a Representative Office in Shenzhen for a foreign company are HKD13,200 (tax exclusive) .
Step |
Description |
Costs (HKD) |
1 |
Preliminary consultation, communicating with client, preparation of registration application documents |
4,200 |
2 |
Application for and collection of Representative Office Registration Certificate |
2,000 |
3 |
Apply for approval from local police bureau and arrange carving of company chop and seal |
1,000 |
4 |
Application for representative certificate of Chief Representative |
1,000 |
5 |
Application for and collection of Enterprise Code and Card |
1,000 |
6 |
State Tax Registration and Local Tax Registration and obtain local tax registration certificate and state tax registration certificate |
1,200 |
7 |
Opening of Bank Accounts (all together three bank accounts, one for remittance of foreign currency, one for daily operation and one for payment of tax) |
2,800 |
|
TOTAL |
13,200 |
(2) Translation Costs
Our service charges stated above do not cover the translation costs for translating the documents prepared by you from English to Chinese. The cost for translation is around HKD150 per page of A4 size. We will arrange the translation on your behalf and the translation cost will be billed separately with supporting official tax receipt issued by third party translating company.
(3) Official Filing Fees
In addition, the above costs do not cover any official registration fees and filing fees of around HKD2,000.
(4) Bank Account and Charges by FESCO
Our service charges also do not cover the application of internet banking service and opening of social insurance account for the employees of the RO. The charge for internet banking service application is RMB500 (excluding taxes and bank charges). And since RO is required to hire Chinese employees through a foreign enterprise service company (FESCO) recognized by the PRC government, the RO shall engage a FESCO to handle the opening of social insurance account and arranging for the contribution of social insurance each month for the employees of the RO. We can refer you to a FESCO which charges it at a cost of around RMB300 per month per person.
(5) Documents Legalisation
A set of legalised incorporation documents is required to be submitted to the Business Registration Authority for the purpose of the registration of the Representative Office. Once being engagged, we will assist you to arrange the legalisation with a authroised attesting officer in Hong Kong. The law firm will charge a fee of around HKD5,200 and we will charge a handling fee of HKD800. The total documents legalisation fees are therefore estimated to be HKD6,000 which are on top of the service fees listed in the above table.
A detailed breakdown of all likely costs in association with the registration of a RO in Shenzhen is enclosed below for your easy reference.
Item |
Description |
Amount (HKD) |
1 |
Our service fees |
13,200 |
2 |
Legalisation fees |
5,200 |
3 |
Legalisation handling charge |
800 |
4 |
Official filing/registration fees (estimated) |
2,000 |
5 |
Disbursements, such photocopying and delivery etc |
200 |
|
|
|
|
TOTAL |
21,400 |
5. Time of Billing
Upon receipt of your order, we will issue an invoice to you for your settlement. We require full payment in advance.
6. Payment Method
We currently accept cash, telegraphic transfer, Hong Kong Dollar check and credit card (by Paypal). Please click here for payment methods .
7. Going Forward
If you have already committed to the registration of a RO in Shenzhen, China, you could start preparing the documents listed above.
And if you decide to engage us for the registration, we will prepare an engagement letter for your signature. Then, upon receipt of duly signed engagement letter and deposit, we will start preparing the registration application documents.
For further information or assistance, please call us:
Hong Kong Office: +852 2341 1444 Singapore Office: +65 6295 2884 Shenzhen Office: +86 755 8268 4480 Shanghai Office: +86 21 6439 4114 Beijing Office: +86 10 6874 8420
or send email to enquiries@bycpa.com.
|