AsiaBS
Company Formation
China Company
Representative Office
Company Formation
such as BVI, Samoa etc.
Company Parking
Service in Hong Kong
Service in China
ABOUT TRUST ONLINE |
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.
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.
Features and advantages
How to set up?
How to maintain?
Other information
How to set up?
How to maintain?
Other information
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 Regulations | New Regulations | |
| Government requirement | ||
| Annual Report Submit | Some regional need to submit (example : Shanghai, Beijing, Guangzhou). | All regional need to submit. |
| Chief Representative | 1 person | 1 person |
| Representative | No limit | 1 to 3 person |
| Penalty | ||
| Penalty of fail to provide the report on time | Depend on regional | RMB 10,000 ~ RMB 30,000 or license revocation. |
| Penalty of report false information | Depend on regional | RMB 20,000 ~ RMB 200,000 or license revocation. |
| Penalty for profit activity involvement | Below RMB 20,000 or license revocation. | RMB 50,000 ~ RMB 200,000 or license revocation. |
| Penalty for exceeding the activity scope mentioned above | Below RMB 5000 or license revocation. | RMB 10,000 ~ RMB 100,000 or license revocation. |
