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Joint Venture

Registration in China

How to expand your business to China by setting up China Joint Venture Company.

 

 

China Joint Ventures

There are two main reasons to enter into a JV with a local partner:

1) When entering certain industries, it is required to have a local partner  according to the restrictions in China

2) When a local partner can offer tangible benefits such as well-established distribution channels, government relations (locally known as guanxi) or other assets that would be relatively inefficient for the foreign investors to acquire on its own.

EASY TO IMPORT/EXPORT

Import goods to China to sell directly in the Chinese Market or Export products Worldwide

30 DAYS

The registration of a China Joint Venture takes about 30 working days to be done

NO REGISTERED CAPITAL

No Injected Registered Capital required

WHAT CAN A CHINA JOINT VENTURE COMPANY BE USED FOR?

Joint ventures are especially popular with businesses operating in different countries. In China its commonly considered as one of the best  options to enter the Chinese market. To better explain, JV is a form of enterprise created through the partnership between foreign and Chinese investors. The joint venture partners share the profits, losses and management of the JV. Smaller businesses often want to access a larger partner’s resources, such as a strong distribution network, specialist employees and financial resources. 

Take advantage of your local partner’s existing facilities and workforce.

 

Existing distribution and sales channels ready to start operations.

 

China Accounting Service

IT CONSULTING

The Chinese market is vast and is still in expansion. For that reason many companies rely on IT consulting firms to help them efficiently operate in the Chinese market.

China FINANCIAL REPORTING

IMPORT & EXPORT

China is the world’s Factory and Import and Export is one the largest markets. Import goods to China to sell directly in the Chinese Market or Export products Worldwide.

FOOD & BEVERAGE

The Food and Beverage (F&B) industry is growing rapidly in China. During the past decade the industry has grown at a rate of 30%. As a result of the increasing demand for new products and services, foreign entrepreneurs fell encouraged to enter the Chinese market.

joint venture company registration in china

MANUFACTURING IN CHINA

A Joint Venture Company can be used for expanding your sourcing platform and keeping direct control of logistics, sales channels, and local market strategies. Not only low cost production but also strategic location to improve sales performance all over Asia.

Joint Venture Types

Equity Joint Venture (EJV)

An EJV is a Chinese Limited Liability Company (LLC) shared between a Chinese and a foreign party. Each participant contributes to the venture in financial terms by way of an investment of capital and has a stake in the business. This is similar to the holding of shares in a limited liability company.

Cooperative Joint Venture (CJV):

A CJV offers a flexible way to conduct business with a Chinese partner. This legal framework allows individual agreements such as profit sharing, which need not be restricted to the equity contributions. It differs mainly with the Equity Joint Venture in that the foreign investor may repatriate his original investment before the expiration of the Joint Venture.

Depending on your business scope, we can advise you whether a Joint Venture is the best option for you. We will be glad to answer your questions and find the right solution for your company. Compared to registering a business in most Western countries, registering a business in China is challenging work filled with paperwork and bureaucratic red tape. It is time-consuming and challenging to properly complete the registration process without a qualified agency. Corporation China is a government licensed registration agency that provides business registration services. We offer practical solutions for corporate formation with our extensive knowledge and background, all while guaranteeing results for our clients.

TOTAL SUPPORT Services:

The ideal partner in a joint venture is one that has resources, skills and assets that complement your own. The joint venture has to work contractually, but there should also be a good fit between the cultures of the two organizations.

A good starting place is to assess the suitability of existing customers and suppliers with whom you already have a long-term relationship. You could also think about your competitors or other professional associates.

Before you consider signing up to a joint venture, it’s important to protect your own interests. This should include drawing up legal documents to protect your own trade secrets and finding out whether your potential partner holds intellectual property rights agreements. Also, it’s worth checking to see whether they have other agreements in place, either with their employees or consultants.

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Whats Needed To Start Your Business In China

Whats Needed To START

1. Do your homework.
find out more about the market and if your services or products will do well in China
[ contact a company like Brand Asia that can help you with market research ]

2. Pick a location
Shanghai, Beijing, and Guangzhou are the major business and industrial centers. The type of business may require you set up in one of these cities. Shanghai counts for one-third of China’s GDP and also easy to find staff that speak good English

3. Choose a Chinese Company Structure

Before registering you need to decide what type of business entity to register. The most common for foreign Investment are Wholly Foreign Owned Enterprises (WOFE), Representative Offices (RO) and Joint Ventures

4. Develop a business plan.
A detailed business plan is crucial because once the government approves it, you will be able to operate only within the business scope, but that can also be changed if needed

Business Plan

5. Organize the necessary documents.
The documents you’ll need to register for a Company will vary from place to place but mostly is just a few passport and company information.

6. Trademark your intellectual property.
Intellectual property violations can be an issue for foreign investors in China.
Trademark is a first to serve the system and is a simple process

8. Open a Bank Account
Once your company is established, you will need to open a bank account and also apply for a tax invoice ( Fapioa) machine

9. Hire staff (if required)
Hiring staff in China might seem complex ,our Yingke HR Division can help

Need Help?

Documentation

SET UP AS AN INDIVIDUAL
  • A scan of your passport
  • A Personal Bank Reference Letter
  • Choose a name for the your China WFOE
  • Choose a location for the company in China

SET UP AS A HONGKONG COMPANY
  • Notarized copy of Passport of Director and Company Registration Certificate
  • Hong Kong Company Registration Certificate
  • Hong Kong Company Bank Reference Letter
  • The Hong Kong Company will then be the Holding Company for the WFOE We can set up a Hong Kong Company in about 5 days

SET UP AS A COMPANY
  • A Passport Scan of the Director(s)
  • A Certificate of Company incorporation
  • A Company Bank Reference Letter – stating no bad record
  • All Documents need to be notarized by the Chinese Embassy.

Bank Account

Opening a China Bank Account

Opening a China Bank Account is a post-licensing service. Corporation China has the knowledge to assist your company during the Bank Account Opening Process. We can Guarantee the China Bank account as we have a partnership with most of the top banks in China. The bank you chose is at your discretion but most of our clients have chosen Bank of China or HSBC. You may contact us for more information about opening a Bank Account and the required documentation must be provided to the Bank during the Process. 

 

Read more >

FAQ

How much will I need to start ?

Basically the starting fees and Government License fees, Let us know what you intend setting up and we can send you a detailed proposal.

How Fast will the set up take?

Most companies in China quote 3-9 months, BUT Corporation China can normally set it up in under 6 weeks (and we know what the next question will be)

Why can Corporation China set up the Company so quickly?

Its a Chinese word called ” Guanxi. we have been doing this for more than 15 years, have 6000 lawyers and are know as one the top law firms in the world.

What is Registered Capital?

Registered capital is the amount of injected capital that is invested by shareholders in a foreign investment enterprise that is registered in China as is a Tax-Free way to bring capital into China. This registered capital can we used to set up the company and operate it until it starts to make a profit.

How much is the Registered Capital?

NO REGISTERED CAPITAL NEEDED With Corporation China (and only with us) we can arrange a Registered Capital that does not need to be paid up, this means you can choose any Registered Capital, but you never have to inject it, unless you want to.

What is the best structure to use?

The fastest way is setting up a Hong Kong company, as all the documents are already in Chinese and Hong Kong is also a Tax Free zone so all profit can be sent from your China Company to its Holding Hong Kong company, saving of taxes. You can download our WHY HONG KONG PDF 

How to choose a Chinese company name ?

Corporation China can assist your company with that, it can be a “sounds like the English name” ( as in the case of Mcdonalds where it goes by the Chinese name of 麦当劳 Màidāngláo) or a good meaning Chinese company name , but at the end of the day most companies still use their English name for marketing and logos.

Do I need to go to China to get started?

No, we can set 90% up by email at first. You will need to come to open the bank account once the company is near complete, if you are the Legal representative of the company and also to sign some papers at the government office.

Can Corporation China povide a Virtule type office and China Telephone number ?

Yes, we have 44 offices in China, and we can provide you with a Virtual Address to put on your business card and a telephone number answered in your company name  More info

If I contact Corporation China, can you understand me?

At Corporation China we privileged to have staff from all over the world working for us, here are a few the languages we speak: English, Italian, Finnish, Dutch, French, Spanish, German, Portuguese, Russian, Afrikaans, Japanese, Shanghainese, Cantonese and of course Mandarin and some Chinglish (Chinese English).

If I contact Corporation China, can you understand me?

At Corporation China we privileged to have staff from all over the world working for us, here are a few the languages we speak: English, Italian, Finnish, Dutch, French, Spanish, German, Portuguese, Russian, Afrikaans, Japanese, Shanghainese, Cantonese and of course Mandarin and some Chinglish (Chinese English).

Why use Corporation China?

The main reason is not that we the largest, it is that understand your needs as many of our directors are also Foreigner’s that came to China to start a business as you intend to. Yingke began with one office in Beijing and had grown to what it is today. We take that knowledge on how to succeed and use that to help you.

Where are your offices located?

Corporation China has 44 branches in China including Beijing, Shanghai, Guangzhou, Shenzhen, Xiamen, Hong Kong and overseas branch offices in London, Singapore, Switzerland, Lisbon, Cape Town, Dubai and Miami USA See our Contact us

Where are your offices located?

Corporation China has 44 branches in China including  Beijing , Shanghai , Guangzhou , Shenzhen , Xiamen , Hong Kong and overseas branch offices in London , Singapore , Switzerland ,Lisbon, Cape Town ,Dubai and Miami USA See our Contact us

Are You Ready

To Start Your Business In China

Get a FREE Consultation with Corporation China lead Company formation experts

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Grace Ma

Shangai District Office Manager Grace is an expertise are in Legal Consulting, Company Structure She speaks English, Shanghainese & Chinese

CONNECT 

Corporation China WeChat QR Code

CONTACT

 

info@corporationchina.com

+86 021 5102 1891 (CN)
+1 253 777 0117 (US)
+44 (0) 20 8133 7773 (UK)
+61(02) 8006 1867 (AU)
+911166482160 (IN)
+852 8191 0881 (HK)

Location

580 West Nanjing Road, office 3506, 35th Floor LL Land Building Jing’an, Shanghai

 

General Info

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