COLVASS CONSULTING LTD

ABOUT US COLVASS CONSULTING are located in Hong Kong, Shenzhen and Shanghai, and we provide full range of business and corporate services for company incorporate in Hong Kong and China mainland. Our service included Hong Kong company registration, bank account opening, company annual renewal maintain, prepare account bookkeeping, arrange audit report for book of account, filing tax computation and also assist to claim offshore income exemption for eligible offshore business. In mainland, we provide services for all foreign investors and company to set up representative office in China, register Wholly Foreign Owned Enterprise (WFOE), apply import/export license and assist to register export tax rebate for this WFOE, monthly account bookkeeping, tax declare, and arrange yearly financial audit report, help to annual renewal registration and maintain. Representative Office in China A Representative Office (RO) is an office established by a company to conduct marketing and other non-transactional operations. The Representative Office has no qualification of a legal entity, is not allowed to directly engage in operational activities, as shown in the Business License of ROs, that a RO should not engage in direct operational activities, such issue invoices on its own, remitting outward, signing sales or purchase contracts, or receiving income from services performed but may act as business liaison, product promotion, market research, exchange of technology for its parent company. Advantages of establishing an RO No registered capital required. Easy to control than others business type in HR or Tax issue The quickest, relatively inexpensive and easy to set up. Disadvantages of establishing an RO A. An RO is limited in the nature of the business activities in which it can engage, cannot receive any fees for its service or engage in any profit-making activities. Restricted activities include: Rendering services to any persons other than its head office. Soliciting, concluding or signing business contracts with any customers or issue invoice in China. Warehousing and managing inventor conduct in China for trading purposes. Other business trade or activities; whatever direct or conduct on behalf foreign parent company. Any activities other than of a liaison nature (e.g. quality control services and installation and testing services).