ABSCPA - Hong Kong Company Incorporation, Offshore Company Formation

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Hong Kong Company Incorporation / Offshore Company Formation by professional accountant.
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Beijing
(
8610
)
6563 7980
E-mail :
Info@AsiaBS.com
Fax :
(
852
)
8102 2593
Hong Kong
(
852
)
8102 2592
Guangzhou
(
8620
)
6113 8419
Shanghai
(
8621
)
5836 2605
ABS & Co.
Certified Public Accountants
 
China government decree new "RO regulations for foreign enterprises" will be effect on March - 1, 2011. And main different between current and new regulation is here.

For Representative Office (RO) setup, mother company needs to be at least 2 years old.
And, below cost and fee are examples and applicable only to big cities like Shanghai (SH) and Beijing (BJ). Please contact us for further detail. Thank You.
 
Main update of new RO Regulations for Foreign Enterprises
Decree of the State Council of the People’s Republic of China issued new regulations on "Registration Administration of Resident Representative Offices of Foreign Enterprises" on November - 19, 2010.
  • New regulations are going to replace the old regulations that have been in force since 1983;
  • New regulations take effect on March - 1, 2011.

The most noticeable changes are below :

 Now RegulationsNew Regulations
Government requirement
Annual Report SubmitSome regional need to submit (example : Shanghai, Beijing, Guangzhou).All regional need to submit.
Chief Representative1 person1 person
RepresentativeNo limit1 to 3 person
Penalty
Penalty of fail to provide the report on timeDepend on regionalRMB 10,000 ~ RMB 30,000
or license revocation.
Penalty of report false informationDepend on regionalRMB 20,000 ~ RMB 200,000
or license revocation.
Penalty for profit activity involvementBelow RMB 20,000
or license revocation.		RMB 50,000 ~ RMB 200,000
or license revocation.
Penalty for exceeding the activity scope mentioned aboveBelow RMB 5000
or license revocation.		RMB 10,000 ~ RMB 100,000
or license revocation.
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