Change of Registered Address for Shanghai WFOE
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Adaptability is essential to the business success of a company. Due to China’s ever changing tax and regulatory environment, company have to stay abreast to adapt to it. As a company’s business address is a part of its core registered information, any change to this information is quite complex, comparable to the registration of a new company. We compile some info about change of registered address for Shanghai WFOE for your references.
The Introduction of Registered Address of Shanghai WFOE
A registered office is the official address of an incorporated company, association or any other legal entity.Generally it will form part of the public record and is required in most countries where the registered organization or legal entity is incorporated. A registered physical office address is required for incorporated organizations to receive official correspondence and formal notices.
Few points you should know of Registered Address
1.Checking the address in advance
Unscrupulous or simply unaware landlords can also pose a risk, you need to check the address you intend to register in advance, in case the address already be occupied by another company. In addition, some buildings cannot register foreign-invested enterprises, and landlords who have previously leased only to domestic companies may be unaware of this.
Knowing what kind of company can be registered at a given address is absolutely essential. Where you can legally register your company can vary depending on what kind of entity it is. For example, one of our clients works with dangerous goods, which requires that their business premises also meet the requirements to obtain a Dangerous Drugs (DD) license. The landlord assured our client that they could obtain the license at his address and the registration process was initiated. However, when the address turned out to be unlicensed for such activities, the client’s application for a DD license was denied and operations were delayed while looking for a new premises.
Generally, landlords must provide a copy of the landlord ownership certificate, which explicitly includes a category for “用途” or “purpose of usage.” This should again be confirmed with the relevant authorities.
Whether or not your company is registered in a special zone (such as a district with tax incentives or discounted rental terms to encourage investment) may affect your eligibility to change addresses. You may be under an agreement not to move out of the area for a certain number of years, and may even be asked to pay back any certain incentives (tax or otherwise) as a penalty for breaking the agreement.
These are just some of the risks to be on the lookout for when changing your company’s registered address in China, which can nevertheless provide a lucrative boon to company operations ---whether in terms of securing preferential tax treatment or expanding your business scope into a new, profitable venture.
We are a specialist foreign direct investment practice, providing corporate formation, business advisory, tax advisory and compliance, accounting, payroll, due diligence and financial review services to multinationals investing in China, Hong Kong, Singapore and the rest of the world. For further information, please feel free to contact us, we are glad to offer you our professional services.
Address:Block F, 15th Floor, World Plaza, No.855 South Pudong Road, Pudong New Area, Shanghai
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Last Update : Oct 17, 2019
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