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Qianhai Financial Enterprises Registration

Qianhai Company Registration Hotline: 

Qianhai Financial Enterprises Registration is also called Qianhai Financial Enterprises setup, Qianhai Financial Enterprises formation, Qianhai Financial Enterprises incorporation and Qianhai Financial Enterprises establishment. 
Qianhai Financial Enterprises Registration Advantages
1. Independence and freedom to implement the worldwide strategies of its parent company without having to consider the involvement of the Chinese partner;
2. Ability to formally carry on business rather than just a representative office function;
3. Issue invoices to their customers in RMB and receive RMB revenues. Convert RMB profits to US dollars for remittance to their parent company outside.
4. Cheap labor, which can lower your cost;
5. Not required to share profits with Chinese counterpart;
6. Greater efficiency in its operations, management and future development.
Qianhai WFOE Registration-Application Documents for WFOE in Qianhai
1. A project proposal and feasibility study report (in print and under the company seal);
2. Original copies of the application paper and the resolution by the Chairman of the Board of the foreign investor (in printed form signed by members of the Board and with company chop);
3. Copies of the business licenses of certificates of incorporation of the foreign investor (usually with the permission chop from the government department.)
4. An original copy of leasing agreement with chop of the Housing Department.
5. Directors name list of board or management.
6. An original copy of the corporate ratification paper (2 copies in duplicate).
7. Two original bank credibility letters for the foreign investors, stating 7-digits bank balances, issued within 6 months in both English and Chinese language.
8. A copy of the approval paper for corporate formation and other papers for company alterations (the original are required for check-up).
9. Notice of enterprise's name confirmation appraised by the Industry & Commerce Administrative Bureau.
10. 2 photos of the legal person and monitor of WFOE.
11. A copy of the stub of corporate certificate of approval.
Qianhai WFOE Registration-General Procedures and Estimated Time Frame
1. WFOE company name reservation-3 work days
2. Certificate of Approval Application-15 work days
3. Business License Registration-3-5 work days
4. Bank account opening 10-15  work days

Qianhai WFOE Registration-Taxation of WFOE in Qianhai
Tax rates can vary somewhat depending on the location of the WFOE, but generally, WFOEs selling into Qianhai will be subject to business tax of about 5% on all revenues in Qianhai; profits tax of 15-33% depending on location and in come instances withholding tax and VAT may be applicable. VAT tax-payer is usually applied by the trading registered in Qianhai.
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