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Guangzhou Corporate Formation (RO)

Updated:2017-11-22 12:15:06    Source:www.tannet-group.comViews:145

Guangzhou representative office registration is also called Guangzhou representative office setup, Guangzhou representative office formation, Guangzhou representative office incorporation and Guangzhou representative office establishment.

Representative Office (RO) is established by foreign companies to engage in business liaisons, quality control, product promotion, market research, exchange of technology and other permitted activities in China.

Documents Required For Application
Below are the documentation of Foreign Representative Office setting up in Guangzhou, Item 1-5 should be prepared before coming to Guangzhou:
1 Certificate of Incorporations or Equivalent document certified by Chinese embassy or Chinese consulate overseas;
1 Bank Reference Letter from investor's bank to declare a good standing;
A brief summary of the operations and business of the parent company, such as the principal business activities, registered address, contact phone number, fax, name of the parent company; director of parent company's passport copy;
China Chief Representative: Resume; 6 photos; passport copy.
If there are Representatives to be stationed in Guangzhou in addition to the Chief Representative, the resume, 2 pictures, passport copy;
2 original leasing contracts of the office premise to be used by the Representative Office; the lease term should be at least 12 months; the lease contract should be register in building administer department.

Features of A Representative Office in Guangzhou
i. Legal status and Business scope of Guangzhou representative office
The Representative Office has no qualification of a legal entity, is not allowed to directly engage in operational activities, as shown in the Business License of ROs, that a RO should not engage in direct operational activities, such issue invoices on its own, remitting outward, signing sales or purchase contracts, or receiving income from services performed but may act as business liaison, product promotion, market research, exchange of technology for its parent company.

ii. Name of Guangzhou representative office
The name of the Representative office should be in the form of "Name of the Enterprise + Name of the City + Representative Office (or Office)".

iii. Min-registered capital of Guangzhou representative office
No requirement on the capital for the establishment of a RO

iv. Financial services for Guangzhou representative office
The RO may open account in bank and accept the payment from the parent companies overseas. However, the remittance can only be used for the day-to-day expenses. They are not allowed to open L/C account in bank and to accept other more extensive financial services

v. Business Address of Guangzhou representative office
The business address must be located in commercial buildings approved by the government.

vi. Hire staff for Guangzhou representative office
Cannot employ the staff directly, which must be processed through a third-party intermediate agencies with relevant qualifications.

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