A. Foreign capital company (Including only foreign capital and joint venture)
1. To register a foreign capital company or joint venture company, China government office will approve it by the company’s business type, main types as below:
The business type is wholesaler or importer exporter, the Lowest amount of registration money need to be half million Chinese yuan ( or equal foreign money) , transaction time approximately 20 to 25 days;
The business type is technology development, retail or buying other business firm, The lowest amount of registration money need to be one million Chinese yuan ( or equal foreng money) , transaction time 20 to 25 days;
The business type is manufacturer, development, retail/wholesale altogether, the company has the power of import/export, The lowest amount of registration money need to be one million Chinese yuan ( or equal foreng money) , transaction time 20 to 25 days, It has to be get environment approval from another government office.
2. Documents need to be provided as below:
A. Foreign Person: Provide passport copy and money approval from a foreign bank ( the money approval has to be equal with the registering capital of the new company).
B. Foreign Company: Provide the company’s legal paper, business registration paper and director’s verification from the company ( need common seal print), It also needs the verification of money from foreign bank (equal with the registering capital of the new company) ; foreign company’s legal common seal.
3. The requirement of joint venture as below:
A. Foreign Person or Foreign company are same with the upper second item.
B. The china director has to be a legal company, provide the transcript of china company’s business paper and the common seal.
4. Both foreign capital company and joint venture need to provide two original contracts of
Renting business offices; It also need to provide the two photos of the fictitious person of the new company and his resume.
B. Our company will provide the documents as below:
1. Foreign capital company: Foreign investment approval, Business license, seals, business code license, basic bank account and foreign exchange account, Revenue licenses, foreign exchange approval paper, license of import/export, custom license, finance license.
C. The expenses of our company is 12000 chinese yuan, deposit 5000 before start, transaction
Time 25 days ( manufacturer need to get environment approval, different expense and transaction time for that)
D. The upper is the brief instructions, for details please come to have an interview.
Our company office location:
Instructions after company registered:
After the company has been registered, the firm is a small-scale taxpayer, the tax invoice from the new company is 4 percent tax rate, When sometimes need to make value-added tax invoice, it must to go to the revenue office to make it. But invoices like this provided to customer, customer could only counteract 4 percent; small-scale taxpayer tax rate is 3%, business income tax rate is 25%, no city construction tax and education added tax; when some business happened, report the tax as the revenue rate; If there is not any business happened, just report as zero rate.
If the new company wants to make value-added tax invoice, it has to be pass the standard taxpayer verification of the government revenue office.
The premise condition is that the supplier could give you value-added tax invoice for your applying standard taxpayer, And your customer needs value-added tax invoice from your company, So that it make a balance, So that low tax paid and also could benefit from tax rewarded after export goods.
Benefits of standard taxpayer: not only make 4% normal invoice but also make 17% value-added tax invoice; tax counteracted from in and out, tax money back after export; no city construction tax and education added tax, no need to pay business income tax in two years and it just need to pay half of the tax money in the after 3 years.
Apply for standard taxpayer requirements:
A. Business place: one hundred square meter approximately, standard business offices building, single accountant room, business office and manager office ( need door sign); and a banner of the company must be hang up at a well-marked place of the out door.
B. People: professional accountant and cashier and tax reporter, and the fictitious person has to cooperate with revenue office check.
C. Documents: approval of the foreign investment and red titled certification, company license, business code license, taxpayer licenses, I/E license, Custom certification, statute of the company( joint venture needs to provide contract), new bank account inform, id card of fictitious person and 3 photos, id card of accountant(include accountant diploma) and his 3 photos, id card of tax reporter and 3 of his photos;
D. Contacts of business: Purchasing and Selling contracts ( more than 2 million for each );
Our expense:
Expense for applying standard taxpayer is 12000 chinese yuan.
Transaction time: 30 days.
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