Incorporation
WOFE or Joint Venture
INCORPORATION WOFE or JV
The establishment of a WOFE or a Joint Venture follows the same process
Horizon Solutions assists you in choosing, setting up and managing the corporate structure that best suits your needs
ASSISTANCE IN WOFE OR JV INCORPORATION
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Interview with our management to illustrate the business plan and operational needs
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Submission of company name registration at the State Administration of Industry and Commerce (SAIC)
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Request certificate of approval from Ministry of Commerce or Foreign Economical Cooperation Bureau
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Business License required at SAIC
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Request for production of company stamps registered at the Public Security Bureau (PSB)
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Organization Code License Request at Technical Supervision Bureau (TSB)
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Request Tax Certificate at Taxation Bureau
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Registration and Approval in the State Administration of Foreign Exchange (SAFE)
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Bank account opening in foreign currency and RMB
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Following the payment of capital from the foreign to the Chinese account, Capital Verification Report by a Certified Public Accountant (CPA)
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Definitive Business License required at SAIC
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Financial Certificate registration
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Statistical License registration
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1 Year Work and Residence Permit for Legal Representative
ACCOUNTING AND FISCAL MANAGEMENT
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12 months of accounting service (bookkeeping, reporting and tax returns)
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Annual license renewal
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Annual audit report
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Accounting system set up using software
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Auditing of accounting books in compliance with the Chinese tax standard
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Filling monthly financial statement
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Filling monthly and four-monthly tax returns
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Filling individual tax returns for Chinese personnel
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Filling individual tax returns for foreign personnel
COSTS
ASSISTANCE TO INCORPORATION € 7,800*
ASSISTANCE TO INCORPORATION + ACCOUNTING & TAX FILLING FOR 1 YEAR 16,500 €*
*The cost is inclusive of VAT and does not include registration fees and duties of the competent Chinese authorities. The cost of accounting and tax management service for one year when not required in conjunction with the Company Incorporation service will be based on the business scope. All the costs of the service, if not in combination with formation service, are available at the Accounting, Audit and Tax Declarations page
