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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