India Expands Business to China
We are specialized in helping India enterprises to expand their business in main cities of China.
Service Coverage
*International Tax Planning
*China Company Registration
*After Set-Up Cloud Accounting Services
*After-Set-Up Tax Compliance Services
*After-Set-Up Payroll Compliance Service
*Due Diligence Before Investment
*China Trademark Registration
*Special Industry Permit and License Application
*Food and Drink Permit and License Application
*Medical Device Business Permit and License Application
*ICP (Internet Content Provider) Permit and License Application
*Domain Name (.cn) Application
*China Trademark application
Send email with requirements to sales.china@evershinecpa.com
Discuss with our representative in China for further information:
Manager Bing Weng, UK Graduate School Alumni and a well-English speaker
Mobile: +86-180-5008-2372
CA Surinder by Phone: + 91-9818555465
For investment structure relevant with multi-national tax planning and Financial & Legal Due Diligence for M&A (Merge and Acquisition), send an email to HQ4sha@evershinecpa.com & contact Dale Chen, Principal Partner/CPA in Taiwan+China+UK, AIA, & over-all responsible for these arrangements. Email: dalechen@evershinecpa.com
linkedin address: Dale Chen
Our Service Coverage
*International Tax Planning
*Company Registration
*Open bank account
*Work Permit Application
*China Z-Visa Application
*Work Certificate Application
*Residence Permit Application
*Food and Drink Business Permit and License Application
*ICP (Internet Communication Permit) License Application
*Domain name (.cn) application
*Other Special Industry Permit and License Application
Features
Staff speaking in English & Chinese. International tax planning assistance by Taiwan headquarters with English, Japanese, Indonesian & Malaysian speakers.
How to know what kind of entity to register in China?
| With Tax ID? | Issues Sales Invoices? | Legal Entity? | Wholly owned by a Foreigner? | |
| Representative office | Yes | No | No | Yes |
| Branch | Yes | Yes | No | Yes** |
| Subsidiary | Yes | Yes | Yes | Yes |
| Joint Venture | Yes | Yes | Yes | No |
**Indirectly owned by China WFOE.
1) Representative Office
1.1 Expenditure payment to company’s vendors and employees
1.2 Payroll compliance issues handling
1.2 No need to issue local invoices in your representative office
1.4 The sale is directed to the parent company
2) Consulting WFOE
2.1 It is a legal entity and independent domestic company
2.2 Some cities can only issue General Sales Invoice, not VAT Sales Invoice
2.3 Minimum Capital is RMB 100,000 to 300,000
3) Trading WFOE
3.1 It is a legal entity and independent domestic company
3.2 General and VAT Sales Invoices issuance, expense payments and inventory purchasing
3.3 Minimum Capital is RMB 500,000 to 1,000,000
3.4 Needs approval from 9 government agencies
4) Manufacturing WFOE
3.1 It is a legal entity and independent domestic company
3.2 Issues General and VAT Sales Invoices
3.3 Minimum Capital depends on company’s business plan
3.4 Needs approval from 11 government agencies
5) Branch owned by China WFOE
After setting up China WFOE, you can set up branch everywhere in China
5.1 Direct issuance of sales invoice to the client by your branch
5.2 Payment of expenditures and inventory purchasing
5.3 Not a legal entity; all of its behavior is on behalf of your China WFOE
China WFOE Online Accounting Services
After completing WFOE Registration, we provide Trust-EnhanserR 4 in 1 services:
*Accounting and Tax Compliance
*Payroll Compliance
*Cloud Accounting System Platform
We provide Trust-EnhanserR 4 in 1 services for these enterprises (abbreviated as WFOE) in China. We undertake four functions including Accounting & Tax, Finance & Payroll Compliance, and Cloud System Provision. WFOE stands for Wholly Foreign Owned Enterprises.
We will act as your in-house accountant using web-platform system to create a collaborative working environment. Evershine staff don’t need to sit in your office but act as your accountants.
No need for you to fill your Accounting, Finance, Payroll and IT Departments in your WFOE in China. Fraud-proof, Seamless collaboration, Hassle-free are some of our service features.
Your company’s CFO or any assignee can approve payment request/s and do the money transfer through online banking anytime, anywhere!
As Evershine’s Standard Operating Procedure (SOP), we issue monthly reports within seven (7) days in compliance with IFRS.
We use a web-platform in servicing our clients belonging to our spin-off company, Evershine BPO Service Corp.
Our service also includes:
Payroll Cycle — Leave Application, Shifting Schedule, Payroll Calculation, Insurance, Pension Fund, Pay Slip Provision
Expenditure Cycle — Expenses: Employee, Office & Travel
Receiving Cycle — From Order to Cash
Payment Cycle — Purchases to Payment
General Ledger — Records to Report
VAT Filing
Cost Accounting
China Payroll Compliance Service
Service Coverage
* Company registration of China WFOE (Wholly Foreign Owned Entity)
* Work permit application in China
* Working visa application in China
* Local services for expatriates (e.g. airport pick-up, hotel booking or unit leasing, bank account creation, etc.)
* Online payroll management system
* Listing and unlisting of Social Insurance and Housing Fund
* Gross salary calculation based on fixed and non-fixed salary, leave and overtime
* Social insurance charge paid by the company and employee
* Housing fund charge paid by the company and employee
* Withholding Tax
* Gross salary and net-cash salary
* Salary wire transfer services
* Delivering payment slip to each employee
* Employee query acceptance
* Monthly withholding tax report to Tax Bureau
* Severance pay application
Our Online Payroll Management System includes the following modules:
* Online Basic Data collection
* Online Payroll Parameter collection
* Online Leave authorization
* Online Overtime authorization
* Online Payroll Calculation
* Online Proposal authorization
* Online Pay slip
* Custom tailor made if necessary
* Salary wire transfer services through local web banking function authorized by three roles including “Maker”, “Reviewer” & “Approver”. Evershine staff would play the “Maker” role
Payroll Compliance Regulations in China
1. Once an employee is on board, he/she needs to apply for Social Insurance on the 1st day. If an employee wishes to leave the company, he/she must file her removal from social insurance.
2. Payroll for each employee includes taxable salary and tax-free salary. Taxable salary must pay withholding income tax with rates varying according to the number of his/her dependents. Income tax withheld by company must be paid to the Tax Bureau before the 15th day of following month.
3. Each employee must have social insurance and pay housing fund. Computation is derived from “last year’s average monthly salary” as a basis in multiplying certain percentage. Chinese government authority will provide “last year’s average monthly salary” of earners every end of March. This base will be calculated from April to next March. Except when an employee bear his/her portion fees, employers have to undertake most of them. Payments shall be made to the Bureau of Labor Insurance, National Health Insurance Council and the Employee Pension Board before the 15th day of the following month.
How we collaborate with your subsidiary staff to do payroll processing job?
First, your staff will use Online Payroll Management System, designed by Evershine, to provide accurate information
1. Using Evershine system, your employees can fill in salary-related information, such as fixed salary, non-fixed salary, Leave data, Overtime data, “Last year’s average monthly salary”, Bank account information, E-mail Address, etc.
2. If you have your own human resource management system, you can provide us your monthly gross salary file for us to upload them in our salary management system.
Second, we use the Payroll Calculation Module to generate Monthly salary spreadsheet
1. 3 days before payday, in accordance with data files provided by your staff, we use Payroll Calculation Module to generate Monthly salary spreadsheet. It includes: * Social Insurance Charge paid by the company and employee * Housing Fund Charge paid by the company and employee * Withholding Tax * Gross salary and net-cash salary
2. Monthly salary spreadsheet must be approved by your authorized personnel staff. 3. After approval, file will be uploaded to your assigned bank for direct money wiring to each employee’s bank account.
Third, we present pay slip through different delivery routes in secure ways as below:
1. Individual pay slip delivery by email in .pdf format with encryption
2. We also allow each employee to check his/her own pay slip through cloud server.
3. Questions and clarifications are handled by our personnel over the phone.
Due Diligence For M&A Project
In Taiwan and major cities of China, we are focused on providing our featured services to overseas entities of these stock listed parent companies in their own countries.
If you have M&A target and you want confirmation on its feasibility, we can cater Due Diligence services.
Evershine CPAs Firm is well-experienced in doing these services and has already handled more than 50 Due Diligence cases assigned by global companies until July 2014. Among them was a transaction worth 700million USD.
Service Coverage
*Review Past 3 years financial statements
*5-year financial statement forecast
*EBIDA calculation for your reference
*Tangible Assets Review
*Liability Review
*Share & Loan Capital Structure Review
*Review Intangible Assets
*Tax Risk Evaluation
*Guarantee to bear past tax risk of Target Company, if necessary
*Contingent Liability Evaluation through Execution of Legal Due Diligence procedures
*Feasible and workable Deal Structure Suggestion
*Review IT and Internal Control System
*After-merger Assistance for better control through cloud collaboration in the IT system
Trademark, Logo, Name, New Design Protection
Service Team members are led by a CPA and Patent Attorney
With wide consumers market and as production base, China attracts many foreign investors to expand their businesses. However, China is a severely competitive market which brings both opportunities and challenges to the foreign investors.
By virtue of registration of the trademark in China, generally, foreign investors can get legal protection on their products and services in China, allowing their brands to secure sustainable support in China market.
Hence, if your company wants to expand market in People’s Republic of China (abbreviated as China), first thing that you should consider is how to protect your Trademark and Domain Name through registration including new application and continuous application.
Service Coverage
*New application of Trademark in China
*Renewal application of Trademark in China
*Registration of Domain Name (.cn)
Contact us
If you wish to speak with our Chinese representative (GMT+08:00), contact:
Manager Bing Weng, UK Graduate School Alumni and a well-English speaker
Mobile: +86-180-5008-2372
Additional Information
Evershine has 100% affiliates in the following cities:
Headquarter, Taipei, Xiamen, Beijing, Shanghai,
New York, San Francisco, Houston, Phoenix
Tokyo, Seoul, Hanoi, Ho Chi Minh,
Bangkok, Singapore, Kuala Lumpur, Jakarta, Manila,
Melbourne, Sydney, New Delhi, Mumbai,
Frankfurt, London, Toronto.
Other cities with existent clients:
Miami, Atlanta, Oklahoma, Phoenix, Michigan, Seattle, Delaware;
Berlin, Stuttgart;Paris;Amsterdam; Prague; Czech Republic; Bucharest;
Bangalore; Surabaya;
Kaohsiung, Hong Kong, Shenzhen, Donguan, Guangzhou, Qingyuan, Yongkang, Hangzhou, Suzhou, Kunshan, Nanjing, Chongqing, Xuchang, Qingdao, Tianjin.
Evershine Potential Serviceable City (2 months preparatory period):
Evershine CPAs Firm is an IAPA member firm headquartered in London, with 300 member offices worldwide and approximately 10,000 employees.
Evershine CPAs Firm is a LEA member headquartered in Chicago, USA, it has 600 member offices worldwide and employs approximately 28,000 people.
Besides, Evershine is Taiwan local Partner of ADP Streamline ®.
Please send email to HQ4sha@evershinecpa.com
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