Specific Arrangements for CEPA
Hong Kong and Macau service suppliers are permitted to establish wholly-owned operations and joint ventures in the Mainland to provide commission agents’ services and wholesale trade services (excluding salt and tobacco) or engage in retailing services, publication distribution, and foreign trade.
Requirements for Service Suppliers
- Registered capital no less than RMB30,000
- Registered capital no less than 70% of total investment if the total investment is below USD3 million
- Registered capital no less than 50% of total investment if the total investment is USD3 million to USD10 million
- Registered capital no be than 40% of total investment if the total investment is USD10 million to USD30 million
- Registered capital no less than one-thirds of total investment if the total investment is USD30 million or above
- No operating more than 30 years (generally no more than 40 years in central and western regions)
Required Documents
- Application for incorporation
- Feasibility study report
- Contracts, articles of association and schedules thereof
- Bank reference letters, certificates of registration, and certificate of legal representative of investors
- Latest year’s audit report audited by a Certified Public Accountants firm
- Assets evaluation report under the circumstance that the assets to be invested include state-owned assets of China
- Catalog of import and export commodities of the enterprise to be established
- Letters of appointment of members of the Board and directors of the investors
- Enterprise Name Approval in Advance Notice
- Certificate for registered place and occupancy of business ground
- Certificates of service suppliers
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