If you want to invest in Guangzhou China, you don't just turn to the relevant government departments for so many certificates and formalities, but turn to Tannet. At Tannet we are not only give you tailor-made service for your need, but also for your satisfaction. Tannet’s services are business-orientated and value-orientated. Tannet—serving the world of business, professional and trustworthy.
I.OVERVIEW OF GUANGZHOU
Guangzhou is the capital city of Guangdong Province, the political ,economic and cultural center of south China as well as the wholesale market worldwide. It is located in the north of the Pearl River Delta, adjacent to Hong Kong and Macao. Guangzhou has an area of 7,434.4 Square Kilometers and with a population of more than 10 million. Recent years, Guangzhou has paid highly attention on the basic infrastructure and ecological environment construction.
II.THE CONCEPT OF REPRESENTATIVE OFFICE
A Chinese representative office (RO) is an institute setup in China, representing its parent company for liaison with Chinese counterparts. A RO is not considered to be a separate legal entity. It cannot directly engage in business operation. However, through which its parent company can enter into contracts with its supplier/customers in China in its own name, but not under the name of RO. A representative office is popular for those who are willing to enter China at the test period of business and investment.
III.REPRESENTATIVE OFFICE NAME
The Chinese government has a name format for anyone who wants to setup a RO in China, the format is: country (area) + parent company name + Guangzhou Representative Office.
IV.THE PRIVILEGE AND FUNCTION OF RO
A. The RO enjoys a great popularity among foreign investors since its easier setup & management. B. The functions of a RO are as follows:
a. It can handle market research, sourcing, project investigation, quality control for parent company, liaison with customers and suppliers
b. It cannot enter into purchase/sales contracts and receive payment for services, issue invoices.
c. Apply for work permit and residence permit.
d. A RO is still subject to tax liability, so monthly tax return should be carried out regularly.
V.WORKING PROCEDURE
Prepare all the needed documents→ fill out the application form→ sign the agreement with ATA→ pay for the services→ submit all the needed documents→ name reservation→ apply for the Registration license and work certificate→ go to the public security bureau for stamp-make
VI.Our SERVICES
A.Both original and duplicate copy of Registration license;
B. Stamps.
VII.BUSINESS FOLLOW UP
We can provide a series of business follow-up services such as monthly bookkeeping and tax return, annual return services, internal auditing, financial planning and tax layout, China policy & market study. Other services include domain name registration, webpage design, website promotion, China trademark registration, Work Permit, Residence Permit, etc. in order to pave a smoother and wider way for your China business success.
VIII.PROCESSING TIME NEEDED
Once all the necessary documents for application are ready for submission, government approval can be got within 10-15 working days.
IX.TAXATION
Although a RO is not to conduct business, it attracts tax as stated below:
1. Individual Income Tax (IIT)
IIT stands for Individual Income Tax which rates from 5% to 45% based on salary income exceeding more than RMB2000 for local employee and RMB 4800 for overseas employee. All the RO staff is subject to IIT if his income exceeds the limit. IIT is calculated according to such a formula: IIT= (income- limit)* rate.
2.Business Tax (BT)
BT stands for business tax which is based on monthly business operational expense, the rough rate is 5% based on your expenses. It is calculated according to the formula like this: BT= expenses/ (1-15%) ×5%.
3. Enterprise Income Tax (EIT)
EIT stands for enterprise income tax which is based on quarterly business operational expenses, the rate is 25%. It is calculated according to the formula: EIT = expenses/ (1-15%) ×10%×25%.
X.CONTACT US
If you have further queries, don’t hesitate to contact TANNET anytime, anywhere by simply visiting TANNET'S website www.tannet-group.net, or calling Hong Kong hotline at 852-27837818 or China hotline at 86-20-87550061, or emailing to atahk@aliyun.com . You are also welcome to talk with us online by simply joining our MSN: atahk@aliyun.com. Unit 1001, 10/F, Blk A, Fengxing Plaza, NO.67 East Tianhe Rd, Guangzhou, China.
Previous：Guangzhou WFOE Registration Service
Next：Guangzhou Joint Venture Formation