Trademark Registration

Formation of China PRC Company

 

Accolade Corporate Services Limited

Rm 701-2, 7/F, Fu Fai Commercial Centre, 27 Hillier Street, Sheung Wan, Hong Kong.


Tel .+852 3521 2888
Fax +852 3521 2800
Email info@accolade.hk

........ info@accoladegroup.com.hk

 

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HK LTD......... +852 6567 0408

Offshore ..... +852 9635 6038

Accounting .. +852 6728 7840

 

 

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Room B032, 8/F, Block A, U-Town, Sanfeng Beili Building No.1, Chao Yang District, Beijing , China.

 

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Formarion of China PRC Company

 

For set up a China Company, It is better to limit your liability by a HK corporate shareholder (a HK limited company) investing in China. The reasons are 1) Limited liability to HK corporate level as HK Limited Company is a legal entity; and 2) Easy to transfer ownership at low cost at HK corporate level. In operation,most business in China, e.g. trading, wholesale and retail, do not require additional license. However, some business, e.g. Education, Mining, construction and finance, are required specified licenses in operation.

    For China incorporation (WOFE), our service fee is HK$18,000 plus government fee, which is around RMB$3800. But, following fee is not included: 
    1. China Notary: HK$6,500 or above  (***need to notary document to natural person owner level and must disclose business nature at beginning.***)
    2. Bank balance Certified letter issued by the Bank of the Holding Company: HK$1,500

    Timing is around  2 - 3 months. Normally, the work flow of Oversea China incorporation is as below:-

    Stage 1: Registration China Business at "Zero" Capital
    Company Name Check > Company Name Approve? > Application to Trade and Industry Bureau for Approve?  > Collect China Business License > Engrave Business Stamps > Apply Organization code certificate >  Apply the Nation tax registration certificate 
    > Apply for Local tax registration certificate.

    Stage 2: Examine Registered Capital
    Apply the foreign exchange registration certificate > 
    To the designated banks to open Corporate Bank account >  Conduct the 

    Settlement of capital verification with Bank > Issue Capital Verification reports by bank > Changing its business license as "Oversea-China Business" by Trade and Industry Bureau > Collect New Oversea-China Business License > Changing Organization code certificate > Changing Nation tax registration certificate.

     Required documents are as below:-