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Would like to get advice where is the Russian orthodox church here in Shanghai? From the net got confused if it exists in Shanghai or not. Need the Russian speaking batyushka…please help…
Would like to get advice where is the Russian orthodox church here in Shanghai? From the net got confused if it exists in Shanghai or not. Need the Russian speaking batyushka…please help…
Wasn’t the Russian Orthodox Church converted into a nightclub? I think there were quite a few complaints about that and maybe it is not a nightclub anymore. It is near Xiang Yang Lu / Huai Hai Lu. Don’t know exact address.
The Russian consulate on Huang Pu Lu hold an orthodox service every sunday morning. There is a Russian priest and there used to be an American Deacon he left
A friend in Hong Kong wants to do this. He has a company already long-term established in HK but now needs a rep office here.
He has told me that he has been given a quote already for (I think) around HK$10,000.
Are there any companies/agents in Shanghai that could do it cheaper or better/faster (perhaps because they are ‘in town’)?
He also has been told that by having a rep office here this will give him certain tax benefits in Hong Kong.
I know zip about this so I’d appreciate any advice that I could then pass on to my mate.
Cheers!
I am told the equivalent of USD 1,000 is the going rate. Thats all I know I don’t have a rep office here we operate with WFOEs.
I think for most purposes rep offices are useless nowadays and taxed on expenses, which means you pay tax even if you don’t make any money.
Having a WFOE to do the same will cost you no tax (since no revenue here, all in HK).
Keep in mind that government has a strict policy on the location of a Rep. office.
They require the applicant rent the place in Grade A building and need the record certificate from government authorities before you submit the application.
Maybe the Hong Kong agent can’t help your friend to deal with this. Any agent in Shanghai should help their client to apply this certificate.
I have passed on your comments to aforementioned friend in HK. Thanks for your replies and advice thus far.
Some of you mentioned WFOE’s. Now, he hasn’t mentioned anything about attempting to do this, but I may as well give him all that I can find – I read a little about setting up a WFOE and it would appear (again let me stress my ground zero knowledge of this) that they are very expensive to set up and also the founding director or directors need to have 500,000 RMB in the established business bank account for the first six months. Or is this all completely wrong?
I know an guy here who is setting up a WFOE for a completely different business to my friend (telecommunications I think…) and he said that it has cost him 25,000 RMB to set up and he was not asked to put any large chunk of change in the business bank account.
Any further advice/help would be much appreciated.
WFOE the minimum nowadays is around 100k RMB for a consulting WFOE.
You dont go very far with that kind of money… need to pay people right? Basically the minimum capital is so low nowadays that your friend better look at how much the operation will cost, cash flow etc.
Setup cost around 2-5k USD depending who you talk to. Not sure about WFOE vs. Rep Office in your friends case, but we looked at this recently for offshore software development (no revenue in China, all direct to US) and the WFOE was the best – we just put enough capital to fund the operation (need this anyway!), pay tax on revenue (zero) and profit (zero). The Rep Off would have to pay tax on expenses, plus all the fees for recruiting people through FESCO/CIIC etc.
Ok. Some further info. My friend is a broker. He establishes agreements for the supply of commodities in and out of China; such as construction products (cement, clinker, etc) out of China and products such as iron ore into China.
Can he just do this with a company established outside of Mainland China or does he need a WFOE or a Rep Office or what?
Please advise. And thanks for the tips so far.
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