How to open Representative Office in china?
How to open Representative Office in china?
Rep Office registration in China – the setup process
- Obtain approval for company name.
- Sign rental lease for office space.
- Make application to AIC for registration.
- Carve company chops.
- Enterprise Code.
- Register for tax payment with the local tax bureau.
- Obtain visas for foreign employees.
- Open Chinese bank account.
Who is responsible for FATCA reporting?
FATCA has been introduced to place the responsibility for reporting foreign income upon the payer of the income, rather than on the taxpayer. As from 1 July 2014, non-US entities that do not comply with these requirements could be subject to a 30% withholding tax on certain payments from the US.
What is RO certification?
RO systems certified to NSF/ANSI 58 undergo a TDS reduction test that includes determination of the daily production rate, percent recovery and efficiency of the system. The standard requires RO drinking water treatment systems to reduce the influent challenge level of 750 ± 40 mg/L TDS by at least 75%.
What is an RO in China?
A Representative Office (RO) is an extension of a foreign company. If an RO signs a contract, the foreign company is bound by the agreement. ROs are permitted to engage in only a limited number of activities and is not allowed to make a profit.
How do I start an export office in China?
Below mentioned are the four steps of registering a trading company in China.
- Business registration application. Approval of the name of the corporation in Chinese and English.
- Opening of bank account. Identification of corporation legitimacy and submission of application forms.
- Tax registration and VAT.
- Customs registration.
What is a foreign representative office?
Foreign Representative Office is defined as an office that is utilised by foreign companies or groups of foreign companies for purposes of managing interest of company or affiliated companies, preparing establishment and development of foreign investment company in Indonesia and in other countries.
Do I need to register for FATCA?
Each member financial institution of an EAG must have a registration completed. Once the lead has created its account, in part 2 the lead FI will add basic identifying information for each member creating member FATCA accounts for them.
What is a FATCA responsible officer?
The RO is the person authorised under applicable laws and regulations to act on behalf of the FFI to represent the FATCA status of the FFI. The RO is charged with overseeing the FATCA framework and certifying compliance with FATCA on behalf of their institutions.
Where is the China Ro?
Taiwan, officially the Republic of China (ROC), is a country in East Asia.
What is WFOE in China?
What is a WFOE? A Wholly Foreign Owned Enterprise is a limited liability company in China wholly owned by foreigners. This is an attractive structure for existing businesses outside of China because a foreign parent company has full control over the business operations of the WFOE.
What license do I need to import from China?
Do I Need a Permit to Import from China? There is no general import permit for importing products from China. However, you might need a permit to import from a federal agency certain goods from China. Different federal agencies oversee different imported products and requirements can vary.
