Representative Office Outline
Representative offices of foreign enterprises in China represent their parent company for relevant business liaison works, strengthening the relationship between the parent company and local enterprises or government. It can only do non profit business unless pre-approval for specific industry is applied (eg.law firms). There is no capital threshold for RO, however, VAT & corporate income tax is charged based on the expenses occurred even if RO cannot issue invoices.
I.There is no capital threshold for RO
II.General Procedure for setup RO
□Collect all docs required by gov. and prepare the application form
□Get approval of all application docs
□Issue of RO registration License by SAMR
□Chops made by Public Security Bureau
□Registration and Approval of SAFE with the bank
□Open RMB bank account
□Open foreign currency capital bank account
□Tax registration
□Social insurance & Housing fund registration
Timetable: all procedures will be finished not more than one months.
III.Material Checklist for Application of Consulting RO
□Certificate of parent company's business license (with over two years' operation) should be provided with verification by both local notarization institution & the China embassy (2 pics)
□Parent company's Article of Association, and the general instroduction of its main business.
□Credibility letters (bank reference letter) from the parent company’s bank overseas to declare a good standing. (2 pics)
□Authorization letters signed by the legal representative of parent copany for the Chief and General representatives.
□The Chief and General representative's CV
□The Chief representative's passport or ID copy with his/her signature.
□The General representative's passport or ID copy with his/her signature.
□Leasing agreement over one year with copy of ownership certificate (business purpose)
Note: CBIZE consultants will check the materials case by case. For the qualified materials, consultants will mark√, the Service shall begin only after all these materials are accepted.