China FIPE Formation Service
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A Chinese representative office (RO) is an institute setup in China, representing its parent company for liaison with Chinese counterparts. A representative office (RO) is not considered to be a separate legal entity. It can not directly engage in business operation. However, the representative office (RO) which its parent company can enter into contracts with its supplier/customers in China in its own name, but not under the name of representative office (RO). A representative office is popular for those who are willing to enter China at the test period of business and investment.
Chengdu is becoming one of the favorite cities for investment in western China. Many high-tech enterprises from outside are beginning to settle down there. If you want to invest in Chengdu China, you don't just turn to the relevant government departments for so many certificates and formalities, but turn to ATAHK. At ATAHK we are not only give you tailor-made service for your need, but also for your satisfaction. ATAHK’s services are business-orientated and value-orientated.
Chengdu Representative Office Registration-Representative Office Name
The Chinese government has a name format for anyone who wants to setup a representative office (RO)in China, the format is: country (area) + parent company name + Chengdu Representative Office
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Chengdu Representative Office Registration-The Privilege and Function of Representative Office
1. The representative office (RO) enjoys a great popularity among foreign investors since its easier setup & management. Unlike foreign investment enterprises, representative offices are not required to meet stringent requirements for items such as capital injection.
2. The functions of a representative office (RO) are as follows:
a. It can handle market research, sourcing, representative office (RO)investigation, quality of representative office (RO)for parent company, liaison with customers and suppliers
b. It cannot enter into purchase/sales contracts and receive payment for services, issue invoices.
c. A representative office (RO) can open bank accounts and employ staff for above- mentioned purposes.
d. Apply for work permit and residence permit.
e. A representative office (RO) is still subject to tax liability, so monthly tax return should be carried out regularly.
f. If a representative office (RO) is set up in Shanghai, it is qualified to get a car without entrance tax.
Chengdu Representative Office Registration-Required Documents for application
①. Copy of the business license or certificate of incorporation of parent company;
②. The original and copy of identification documents (ID card, passport) of representatives, and five color photos;
③. Two original bank reference letters (from investor's bank) indicating foreign investors' credibility, issued within 6 months in both English and Chinese version;
④. Lawyer's legalization or notarization endorsed by local China Embassy or Consulate
⑤. The lease of commercial office is between lesser and lessee. The lessee should be acted by chief representative, or parent company. The lease should be endorsed by local Housing Management Authority.
As for other documents, ATA are ready for providing assistance.
Chengdu Representative Office Registration-Procedures
Preparing all the needed documents→ fill out the application form→ sign the agreement with ATA→ pay for the services→ submit all the needed documents→ name reservation→ apply for the business license and work card→ go to the public security bureau for stamp-make→ apply for Organization Code License & card→ apply for Registration license of the Local & National Taxation Bureau.
Chengdu Representative Office Registration-ATAHK Service Content
a. Both original and duplicate copy of business license;
b. Registration license of the Taxation Bureau.
c. Company Seal
d. Organization Code License
Chengdu Representative Office Registration-Required Time
Once all the necessary documents for application are ready for submission, government approval can be got within 15-20 working days.
Chengdu Representative Office Registration-Service Price & Payment
ATA service fee is not including government fee, 50% deposit should be paid before handling the case, and balance should be paid when commission has been well done.
Chengdu Representative Office Registration-Chengdu Taxation
Although a representative office (RO) is not to conduct business, it attracts tax as stated below:
1). Individual Income Tax (IIT)
IIT stands for Individual Income Tax which rates from 5% to 45% based on salary income exceeding more than RMB2000 for local employee and RMB 4800 for overseas employee. All the representative office (RO) staff is subject to IIT if his income exceeds the limit. IIT is calculated according to such a formula: IIT= (income- limit)* rate.
2). Business Tax (BT)
BT stands for business tax which is based on monthly business operational expense, the rough rate is 5% based on your expenses. It is calculated according to the formula like this: BT= expenses/ (1-15%) ×5%.
3). Enterprise Income Tax (EIT)
EIT stands for enterprise income tax which is based on quarterly business operational expenses, the rate is 25%. It is calculated according to the formula: EIT = expenses/ (1-15%) ×10%×25%.
Chengdu Representative Office Registration-Business Follow Up
ATAHK can provide a series of business follow-up services such as transfer representative office (RO) to WFOE, monthly bookkeeping and tax return, annual return services, internal auditing, financial planning and tax layout, China policy & market study. Other services include domain name registration, webpage design, website promotion, China trademark registration, Work Permit, Residence Permit, etc. in order to pave a smoother and wider way for your China business success.
Why Choose ATAHK?
① ATAHK had abundant experiences (over 11 years) with more than 20,000 clients. The service net has covered Hong Kong, Shenzhen, Beijing, Shanghai, Guangzhou, Xiamen, Quanzhou, Yiwu, Chengdu, Kuala Lumpur, London, and Dover.
② With healthy co-operative platform between SMEs, ATAHK can provide you well-round, one-stop services which can help you to extend your international business worldwide.
③ ATAHK has built up 18 service centers forming a massive international service platform, especially for SMEs. You are welcome to visit www.ATA-group.net for more.
Contact Us
If you have further queries, don’t hesitate to contact ATAHK anytime, anywhere by simply visiting ATAHK’s website www.3737580.net, or calling Hong Kong hotline at 852-27826888 or China hotline at 86- 028-86676605 or emailing to 2355725123@QQ.com. You are also welcome to talk with ATA online by Wechat：2355725123
CONTACT: Esther
ADDRESS: Unit 1303, 13/F，Shidai Fengshang Bldg. 123 Caoshi St. Qingyang Dis. Chengdu China