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
30 DAYS
NO REGISTERED CAPITAL
China Joint Venture Registration
China Joint Venture Registration’s dramatic development comes from its diverse economic base. Major industry networks include communications,
electronics and the information industry, biomedicine, auto manufacturing, petroleum, sophisticated chemical and steel
manufacturing, complete-set equipment manufacturing, finance, insurance, real estate, household electrical appliances, etc.
China Joint Venture Registration is the largest consumer market among all mainland cities, supported by the rising income level and a massive inflow of
tourists. Also considered China’s most significant financial center with over 1,430 financial institutions, including banks,
insurance companies, and securities companies, of which 230 were foreign-invested.
China Joint Venture Registration
China Joint Venture Registration
Corporation China is the leading company registration firm in China. We offer China Joint Venture Registration and help you establish a Wholly Foreign
Owned Enterprise in China Joint Venture Registration, and we can also provide the registered address in China Joint Venture Registration.
China Joint Venture Registration is an excellent choice for companies that are in computer software, IT, microelectronics and components, video and
audio products, electromechanical integration, and critical projects of light industry and energy. Meanwhile, newer industries
such as pharmaceuticals, medical equipment, biotechnology are also on the rise in China Joint Venture Registration
Wholly Foreign Owned Enterprise in China Joint Venture Registration
A China Joint Venture Registration Trading Import – Export Company, abbreviated Trading WFOE, is a commonly used investment vehicle for
mainland China Joint Venture Registration-based businesses. It is designed for enterprises dealing with wholesale and retail. Unlike other types of
WFOEs, an Import and Export License is necessary to establish a Trading WFOE. A trading WFOE is one of four kinds of WFOEs
allowed in China Joint Venture Registration.
The unique feature of a WFOE is that the entity is 100% owned, capitalized, and operated by foreign investors without the help
of a local partner. A WFOE allows you to maintain greater control over your business operations, and revenue targets. In
addition, it allows you to conduct business in China Joint Venture Registration on your own without the need for a local partner. A WFOE is a favorable
choice for an overseas company that wants to permanently incorporate into mainland China Joint Venture Registration.
China Joint Venture Registration
China Joint Venture Registration
Establishing a Company in?China Joint Venture Registration for consulting can be used for the following :
Consulting Business Services
Restaurant Management
Overseas Investment Consulting
Great & Flexible Start-Up
- Web design and development in?China Joint Venture Registration
China Joint Venture Registration Company set up
China Joint Venture Registration
Establishing a Company in?China Joint Venture Registration for Trading can be used for the following :
Importing and Exporting
Purchasing Products for Export
Selling in China Local Market
Claiming VAT Tax Back
Company Registration in China Joint Venture Registration
China Joint Venture Registration FOOD & BEVERAGE COMPANY ESTABLISHMENT
- China Joint Venture Registration Coffee Shop or Restaurant
- China Joint Venture Registration Food Import & Export
- Wine or Alcohol Import & Export
- China Joint Venture Registration Local Food sales
China Joint Venture Registration for a?MANUFACTURING COMPANY
- Set up a Factory in China Joint Venture Registration
- Manufacture products for export
- Assemble products in China Joint Venture Registration
- China Joint Venture Registration Engineering Factory setup
China Joint Venture Registration
China Joint Venture Registration of a?REPRESENTATIVE OFFICE can be used for :
- Oversea Company Representation
- China Market Research
- Technology Exchanges
- Quality Control Audits
Everything you need to easily start your company in China Joint Venture Registration
- Easy and Fast Set Up
- No Need for Registered Capital
- Registered Address Solutions
- WFOE or RO options
- China Joint Venture Registration Free Trade Zone
China Joint Venture Registration USES :
- Consulting Business Services
- China Joint Venture Registration Trading Import & Export?Registration
- China Joint Venture Registration ManufacturingCompany Registration
- Bringing your Brand to China
China Joint Venture Registration ADVANTAGES:
A Low Capital Requirement
Total Management Control within PRC
Total Management Control within PRC
Issue ” Fapiao” Tax Invoices
China Joint Venture Registration BENEFITS:
All types of Consulting Businesses
Holding Company for F&B Company
Does not require real office
No Capital Needed
China Joint Venture Registration in China Joint Venture Registration
China Joint Venture Registration
We take care of the complete China Company Registration process Learn more.
Full Legal setup procedures
Company name approval
Certificates of Incorporation
Company Stamps and Chops
Company Business scope
Post-incorporation company setup
China Joint Venture Registration Company Bank Account
China Joint Venture Registration Tax & Accounting
Full Back office support in?China Joint Venture Registration
Register for Tax Invoice ( Fapioa Machine)
China Joint Venture Registration Payroll Service
Applying for China work Visa in China Joint Venture Registration
China Joint Venture Registration Registered Address
Corporation China is the ONLY company that can supply a China Joint Venture Registration WFOE Registered address that will be the PERMANENT Legal
address of your company.
Permanent Legal Company Address in China Joint Venture Registration
A company can operate from any location(s) in China Joint Venture Registration
China Joint Venture Registration Corporate Bank Account
Guaranteed Bank account
Online banking
Startup Legal & Marketing
China Trademark Registration in?China Joint Venture Registration
Registration of Official WECHAT account in?China Joint Venture Registration
Everything you need to start your company the right way easily.
China Joint Venture Registration China Joint Venture Registration
We take care of the complete China Company Registration process Learn more.
Full Legal setup procedures
Company name approval
Certificates of Incorporation
Company Stamps and Chops
Company Business scope
Post-incorporation company setup
Company China Joint Venture Registration Bank Account
Tax & Accounting
Full Back office support
Register for Tax Invoice ( Fapioa Machine)
China Payroll Service
Applying for China work Visa in China Joint Venture Registration
China Joint Venture Registration Registered Address
Corporation China is the ONLY company that can supply a China Joint Venture Registration WFOE Registered address that will be the PERMANENT Legal
address of your company.
Permanent Legal Company Address in China Joint Venture Registration
The company can operate from any location(s) in China Joint Venture Registration
China Joint Venture Registration Corporate Bank Account, Guaranteed Bank account and?Online banking
Startup Legal & Marketing
China Trademark Registration
Registration of Official WECHAT account
Web design and development in China Joint Venture Registration
WHAT NEEDED TO START IN China Joint Venture Registration
DOCUMENTS REQUIRED :
Individual investor:
The copy of the Company Directors Passports.
2 x Passports Copies that are notarized by the local authority and endorsed by the Chinese Embassy in your country
Overseas Company:
2x Certificate of Incorporations, Articles of Formation. All document certified by Chinese embassy or Chinese consulate
overseas
2x Bank Reference Letters from the investor’s bank. The original bank reference of the Directors (issued by the bank)
Passport copy of (a) Parent company’s director (b) China company’s Legal Representative and (c) China company’s supervisor
The China Legal Representative provide 6 photos (2 inches size on white background) and a brief resume CV (from the age of 18)
(passport copy for foreigner and ID card copy for Chinese)
Registered capital; Business Scope; 3 proposed Chinese names of China Joint Venture Registration – Registered Address
2x copies of the property ownership certificate of the registered address
2x copies of the original lease contract and invoice of the registered address (If you using our Registered Address-This will
be supplied by us More info)
Other documents that support your application, like a business plan, scope of work – in Chinese
China Joint Venture Registration REGISTERED ADDRESS
Corporation China can provide an address to register your company in China Joint Venture Registration. Corporation China will provide a China Joint Venture Registration
registered address which will be the legal address of your company. A registered address is needed to register your company in
China Joint Venture Registration.
We Provide:
Registered office address in China Joint Venture Registration
Contract Length: 1 to 2 years (renewable)
One month notice required for contract termination.
China Joint Venture Registration Property layout and other documents.
Leasing/Rental contract of the China Joint Venture Registration office with tax certificate.
Quick and easy set up 2 – 3 days.
TURNKEY SOLUTIONS FOR BUSINESS IN China Joint Venture Registration
Our Turnkey solution starts with first analyzing your business scope and operation and then strategizing the best legal and
marketing path forward
Registering your Company
We take of the complete registration China Joint Venture Registration is simple, the limited-liability type company is called a Wholly Foreign Owned
Enterprise, abbreviated WFOE or WOFE. It is a commonly used investment vehicle for mainland China-based businesses.
Corporation China can supply a registered address? for your China Joint Venture Registration process that will be the legal address of your company. A
registered address is required to register your company in China.
China Joint Venture Registration Company? Bank Account
Opening a Chinese Bank Account is a post-licensing service of ours. Corporation China has the knowledge to assist your company
during the Bank Account Opening Process. To open a Bank Account, you must be present at the bank, but you will be accompanied
by an assistant helping with translation and ensuring that the process is done correctly.
GO TO MARKET STRATEGY
Qualitative Research
ConsumerView brings Chinese consumers together to gather profound insights into various segments of the consumer’s across
China. An understanding of sentiments, engagement, current trends, and opinions toward products and services. ConsumerView is
the starting point in understanding the target Chinese Consumer for our clients.
ChinaPulse collects valuable insights from a sample source of 150,000 online Chinese consumers which is then segmented across
Tier’s 1, 2 & 3 cities with full offline access to Tiers 4 & 5 if needed. The sampling frame for ChinaPulse was
developed in 2013 in conjunction with the National Bureau of Statistics. WeChat Marketing, WeChat is the fastest growing app
in China with currently over 600 million users. WeChat Marketing is a must for brands in China In Partnership with
Superior research-based consulting using the best talent, technology, and world-class solutions
Legal Services in China Joint Venture Registration
China Joint Venture Registration?Legal Services
Our experienced PRC lawyers in China could provide you with the following China legal services in China foreign investment:
Corporate Finance Corporate restructuring and reorganization of PRC companies to list on overseas stock exchange markets,
legal diligence and issuance of relevant PRC legal opinions. China Merger and Acquisition Mergers and acquisitions by and
between enterprises with China foreign investments, companies listed in China and overseas, and domestic companies, spin-offs,
and other restructuring transactions, venture capital transactions. China Foreign Investment Initial investment planning and
due diligence, establishment of foreign-invested enterprises in China Joint Venture Registration, Beijing, China Joint Venture Registration, and other cities in China, operations
support service to foreign-invested enterprises, restructuring and liquidation, registrations and filings with government
authorities, setting up of Hong Kong and offshore companies as investors of foreign-invested enterprises, etc. China
Intellectual Property Prosecution and litigation for inventions, utility models, and design patents, trademarks, trade names,
copyright, computer software; unfair competition, trade secrets, technology transfers, licensing, franchising, China
intellectual property enforcement and anti-counterfeiting, due diligence on China intellectual property rights. Banking and
Finance Foreign exchange control, loans, foreign debt registration, preparation of legal documentation and related matters.
China Dispute Resolution Background searches and asset preservation actions, civil and criminal proceedings, including
assessment of claims and development of strategy, trial and appeal, arbitration, mediation and other alternative dispute
resolution proceedings, enforcement of court judgments and orders.
China Joint Venture Registration HR & Payroll
China Joint Venture Registration? HR & Recruitment
This is the most commonly outsourced HR function and involves monthly payroll processing as well as the calculation of monthly
employer and employees? Social benefits contributions to the relevant Chinese authorities
HR Administration & Consulting Services
China Joint Venture Registration employment environment is complicated due to the need to integrate national laws and local policies
China Joint Venture Registration Tax & accounting
ACCOUNTING SERVICES in China Joint Venture Registration
Corporation China we help run your company, take charge of all your accounting needs, tax filling and do all the
correspondence with the government and relevant bureaus regarding your company. Corporation China will assign a TOTAL SUPPORT?
Account Manager to your Company as a single point of contact, thus enabling you to build a good relationship and help us
understand your business
Strategy and taking care of all the back office work, so that you can concentrate on DOING BUSINESS!
Types Of WOFE’s
China Joint Venture Registration Consulting or Service WFOFE.
China Joint Venture Registration Manufacture or Factory type WOFE
China Joint Venture Registration Trading WOFE – Wholesale, Retail or Franchise in China Joint Venture Registration
China Joint Venture Registration FICE (Foreign-Invested Commercial Enterprise) FICE Registration
China Joint Venture Registration
China Joint Venture Registration China Joint Venture Registration (WOFE) incorporation
A Wholly foreign-owned enterprise (WFOE) could be a company established in China Joint Venture Registration in line with Chinese laws and wholly
closely-held by one or a lot of foreign investors. A WFOE could be a financial obligation company, which means that the
liability of the shareholders is restricted to the assets they delivered to the business. not like the easier representative
workplace setup that is subject to a variety of limitations, a WFOE will create profits and issue native invoices in RMB to
its customers, that is crucial as invoices ar the premise for getting tax deductions in China Joint Venture Registration
China Joint Venture Registration (WOFE) China Joint Venture Registration incorporation
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China Joint Venture Registration
Establishing a Wholly Foreign Owned Enterprise does not require a large overhead investment.
- A WOFE can be incorporated to conduct general business activities in China
- It gives foreign investor complete control of the day to day business and decision-making without any compulsoryinvolvement from a Chinese partner.
- It can engage in any business activities, issue invoices to clients, receive RMBs, convert profits into foreigncurrency, and repatriate them.
- It is the most effective way of protecting trademark technical information and trade secrets.
- It provides complete authority regarding the hiring of staff, and does not require you to hire Chinese staff.
- A Wholly Foreign Owned Enterprise requires either one director of foreign nationality or a holding company locatedin Hong Kong to act as an investor.
Company types
- Consulting Business Services
- Restaurant Management
- Overseas Investment Consulting
- Great & Flexible Start Up
]
TRADING COMPANY
- Importing and Exporting
- Purchasing Products for Export
- Selling in China Local Market
- Claiming VAT Tax Back
SEND ME MORE INFO
FOOD & BEVERAGE COMPANY
- Coffee Shop or Restaurant
- Food Import & Export
- Wine or Alcohol Import & Export
- China Local Food sales
SEND ME MORE INFO
China Joint Venture Registration
HONG KONG COMPANY
- Best to hold your China WFOE
- Offshore Company
- Offshore Bank Account
- TAX FREE
China Joint Venture Registration
MANUFACTURING COMPANY
- Set up a Factory
- Manufacture products for export
- Assemble products
- Engineering Factory
SEND ME MORE INFO
REPRESENTATIVE OFFICE
- Oversea Company Representation
- China Market Research
- Technology Exchanges
- Quality Control Audits
SEND ME MORE INFO
WOFE USES
- Consulting Business Services
- Trading Import & Export
- Manufacturing
- Bringing your Brand to China
ADVANTAGES
- A Low Capital Requirement
- Total Management Control within PRC
- Remit profits to the Parent Company
- Issue ” Fapiao” Tax Invoices
BENEFITS
- All types of Consulting Businesses
- Holding Company for F&B Company
- Does not require real office
- No Capital Needed
China Joint Venture Registration (WOFE)
We take care of the complete China Company Registration process Learn more
- Full Legal setup procedures
- Company name approval
- Certificates of Incorporation
- Company Stamps and Chops
- Company Business scope
FAQ
Post-incorporation company setup
- Company Bank Account
- Tax & Accounting
- Full Back office support
- Register for Tax Invoice ( Fapioa Machine)
- China Payroll Service
- Applying for China work Visa
Learn more
Company Registered Address
Corporation China is the ONLY company that can supply a China WFOE Registered address that will be the PERMANENT Legal address
of your company.
- Permanent Legal Company Address
- Company can operate from any location(s)
China Corporate Bank Account
- Guaranteed Bank account
- Online banking
Learn more
Startup Legal & Marketing
- China Trademark Registration
- Registration of Official WECHAT account
Learn more
China Joint Venture Registration (WOFE)
We take care of the complete China Company Registration process
- Full Legal setup procedures
- Company name approval
- Certificates of Incorporation
- Company Stamps and Chops
- Company Business scope
Learn more
Post-incorporation company setup
- Company Bank Account
- Tax & Accounting
- Full Back office support
- Register for Tax Invoice ( Fapioa Machine)
- China Payroll Service
- Applying for China work Visa
Learn more
Company Registered Address
Corporation China is the ONLY company that can supply a China WFOE Registered address that will be the PERMANENT Legal address
of your company.
- Permanent Legal Company Address
- Company can operate from any location(s)
China Corporate Bank Account
- Guaranteed Bank account
- Online banking
Startup Legal & Marketing
- China Trademark Registration
- Registration of Official WECHAT account
WHAT NEEDED TO START
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
LEARN MORE
SETTING UP AS A HONG KONG COMPANY(RECOMENDED)
- 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 AN COMPANY
- China Consulting Company Registration
- 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.
- This way is good for a Representative Office, but a Hong Kong Holding company is more suitable WFOE
LEARN MORE
REGISTERED OFFICE ADDRESS
Learn more
REGISTERED OFFICE ADDRESS
Corporation China can provide a address to register your company in China Corporation China will provide a registered address
which will be the legal address of your company. A registered address is needed to register your company in China.
We Provide:
- Registered office address
- Contract Length: 1 to 2 years (renewable)
- One month notice required for contract termination.
- Property layout and other documents.
- Leasing/Rental contract of office with tax certificate.
- Quick and easy set up 2 – 3 days
OUR TURNKEY SOLUTIONS
Learn more
TURNKEY SOLUTIONS FOR BUSINESS IN CHINA
Our Turnkey solution starts with first analyzing your business scope and operation and then strategizing the best legal and
marketing path forward
Registering your Company
We take of the complete registration Registration of a China Consulting Company is simple, the limited-liability type company
is called a Wholly Foreign Owned Enterprise, abbreviated WFOE or WOFE.It is a commonly used investment vehicle for mainland
China-based businesses.
Registered Address
Corporation China can supply a registered address that will be the legal address of your company. A registered address is
required to register your company in China.
Bank Account
Chinese Bank Account
Opening a Chinese Bank Account is a post-licensing service of ours. Corporation China has the
knowledge to assist your company during the Bank Account Opening Process. To open a Bank Account you must be present at
the bank but you will be accompanied with an assistant helping with translation and ensuring that the process is done
correctly.
GO TO MARKET STRATEGY
GO TO MARKET STRATEGY
Qualitative Research
ConsumerView brings Chinese consumers together to gather deep insights into various
segments of consumer’s across China. An understanding of sentiments, engagement, current trends and opinions toward products
and services. ConsumerView is the starting point in understanding the target Chinese Consumer for our clients.
ChinaPulse collects valuable insights from a sample source of
150,000 online Chinese consumers which is then segmented across Tier’s 1, 2 & 3 cities with full offline
access to Tiers 4 & 5 if needed. The sampling frame for ChinaPulse was developed in 2013 in conjunction with the
National Bureau of Statistics. WeChat Marketing ,WeChat is the fastest growing app in China
with currently over 600 million users. WeChat Marketing is a must for brands in China In Partnership with
Superior research based consulting using the best talent, technology and world-class solutions
Legal Services
China Legal Services
Our experienced PRC lawyers in China could provide you with the following China legal services in China foreign investment:
Corporate Finance Corporate restructuring and reorganization of PRC companies for the purposes of listing on
overseas stock exchange markets, legal diligence and issuance of relevant PRC legal opinions. China Merger and
Acquisition Mergers and acquisitions by and between enterprises with China foreign investments, companies listed in
China and overseas, and domestic companies, spin-offs and other restructuring transactions, venture capital transactions, etc.
China Foreign Investment Initial investment planning and due diligence, establishment of foreign invested
enterprises in Shenzhen, Beijing, Shanghai, and other cities in China, operations support service to foreign invested
enterprises, restructuring and liquidation, registrations and filings with government authorities, setting up of Hong Kong and
offshore companies as investors of foreign invested enterprises, etc. China Intellectual Property Prosecution
and litigation for inventions, utility models, and design patents, trademarks, trade names, copyright, computer software;
unfair competition, trade secrets, technology transfers, licensing, franchising, China intellectual property enforcement and
anti-counterfeiting, due diligence on China intellectual property rights. Banking and Finance Foreign
exchange control, loans, foreign debt registration, preparation of legal documentation and related matters. China
Dispute Resolution Background searches and asset preservation actions, civil and criminal proceedings, including
assessment of claims and development of strategy, trial and appeal, arbitration, mediation and other alternative dispute
resolution proceedings, enforcement of court judgments and orders.
HR & Payroll
China HR & Recruitment
This is the most commonly outsourced HR function and involves monthly payroll processing as well as the calculation of monthly
employer and employees? Social benefits contributions to the relevant Chinese authorities
HR Administration & Consulting Services
China’s employment environment is complex due to the need to integrate national laws and local policies
YINGKE HR
Tax & accounting
ACCOUNTING SERVICES Corporation China we help run your company, take charge of all you accounting needs , tax filling
and do all the correspondence with the government and relevant bureaus regarding your company Corporation China will assign a
TOTAL SUPPORT™ Account Manager to your Company as a single point of contact , thus enabling you to build a good
relationship and help us understand your business
Strategy and taking care of all the back office work , so that you can concentrate on DOING BUSINESS!
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 fast?” Its a Chinese word called ” Guanxi.” we have been doing this for a long time and know the law backwards
How much is the Registered CapitalNO 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 fastest way to get set up : 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 here>
“How to choose a Chinese company name (as I don’t speak Chinese)? Corporation China can assist your company with that , its
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 99% up by email, You will need to come to open the bank account once
the company has been set up only if you are the Legal Person of the company.
“Can Corporation China povide a Virtule type office and China Telephone number ?” Yes , we have many offices in China and we
can provide you a Virtual Address to put on your business card and a telephone number answered in your company name or
diverted to anywhere in the world. 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 in our China Offices, here
is a few the languages we speak : English, Italian, Swedish, Finnish, Dutch, French, Spanish, German, Portuguese, Afrikaans,
Japanese, Shanghainese, Cantonese and of course Mandarin and some Chinglish (Chinese English).
“Why use Corporation China? ” The main reason is we are also foreigner’s , we also have a WFOE so over the past 12 years or so
, opening many companies from Banks to restaurants we have a wealth of experience and we really understand what you need to
get running quickly and economically.
“Where are your offices located? ” Corporation China has branches in 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
China Joint Venture Registration (WOFE) China incorporation – Shanghai, Beijing, Shenzhen , Guangzhou
Types Of WOFE’s
- Consulting or Service WFOFE.
- Manufacture or Factory type WOFE
- Trading WOFE – Wholesale, Retail or Franchise in China
- FICE (Foreign-Invested Commercial Enterprise) FICE Registration
– Business Scope The Business of China Joint Venture Registration Scope is narrowly outlined and understood for all businesses in China; a WFOE could
solely wrongfully conduct business at intervals the business scope that seems on its business license. In the application
documents, the business scope is written as a listing of business activities that the China Joint Venture Registration can conduct in China, and
therefore the initial commercial activity can outline the general nature of the WFOE for classification functions. The
classification can any outline the minimum needed capital, style of invoices, style of applicable taxes, etc. in concert
example, for a previous WFOE registration, the company’s business scope was written as “retail of cosmetic merchandise,
coaching on cosmetic merchandise, after-sales services.” the character of this WFOE was thus outlined by the Chinese
authorities as a “retail-trading WFOE”, so the desired registered capital was RMB300,000, and it had been ready to receive the
Value-Added-Tax invoices that area unit essential to a China Joint Venture Registration company in China. Because the scope of business is crucially
vital within the WFOE business registration application, we have a tendency to perpetually confers with the suitable officers
to make sure each|that each} commercial activity that’s listed on the registration application is AN approved commercial
activity which every commercial activity is intended as broadly speaking as allowable in order that shoppers is a lot of
versatile in what activities they’re allowed to conduct. {we will|we’ll|we area unit going to} not submit AN application till
we have a tendency to are assured that the appliance data follows the pertinent rules and laws which it’ll permit our shoppers
to attain the most edges of running their businesses in China. – Registered Capital and Total Investment Quota Registered
Capital and Total Investment Quota area unit 2 vital sorts of capital that the Chinese officialdom can check to make sure that
each area unit listed properly. The amounts for each sorts of capital can seem on the Approval Certificate and Business
License. Registered Capital is that the quantity of funds that the Chinese government needs of foreign investors to contribute
to their comes in China (e.g. WFOE`s). The Chinese government sets necessities for the minimum quantity of registered capital
to start out a business. Registered Capital should be of AN quantity bigger than the minimum demand of the China Company Law
(currently RMB100,000). The Registered Capital will solely come back from the foreign investors, ANd should be really paid
into the corporate checking account then verified by an freelance certified accounting agency in China. the number of
registered capital is augmented however official procedures are going to be needed. Registered Capital should be no but
seventieth of the entire Investment Quota; but, the magnitude relation could also be shrunken once the number of Registered
Capital exceeds US$ three million. The actual quantity of Registered Capital needed is subject to the ultimate approval of the
approval authority. The Chinese officers have the correct to need a business to extend {the quantity|the quantity|the number}
of Registered Capital if they reckon the minimum Registered Capital amount as deficient for the necessities of the startup
business in line with the project description as written within the application documents. the ultimate quantity of Registered
Capital needed is typically a results of negotiations with the suitable officers throughout the registration amount. Total
Investment Quota is that the total quantity of funds which will be endowed within the WFOE throughout its entire planned
amount of operation. the entire Investment Quota should be bigger than or capable the Registered Capital. in contrast to
Registered Capital, that should be absolutely paid into the WFOE`s Chinese checking account before beginning business
operations, the entire Investment Quota is that the total quantity of funds planned to be contributed to the project over its
period of time and it doesn’t essentially need to be absolutely deposited within the bank. the surplus quantity of the entire
Investment Quota over the Registered Capital will come back from sources aside from the foreign investors listed within the
Articles of Association of the WFOE; for instance, it is borrowed from banks or different sources either within China or from
overseas. This quantity is augmented however any extra amounts of Total Investment Capital should be approved by the relevant
Chinese authorities. Summary Compared to registering a business in most Western countries, registering a
business in China is difficult work full of work and functionary procedure. it’s much not possible to properly complete the
registration method while not a certified agency. take care that the agency is qualified and therefore the agency has smart
connections and relationships with the assorted native authorities, which they possess comprehensive data concerning the many
vital aspects committed wrongfully and properly registering a WFOE.
China Joint Venture Registration (WOFE) China incorporation
China Joint Venture Registration (WFOE) could be a company established in China in line with Chinese laws and wholly closely-
held by one or a lot of foreign investors. A WFOE could be a financial obligation company, which means that the liability of
the shareholders is restricted to the assets they delivered to the business. not like the easier representative workplace
setup that is subject to variety of limitations, a WFOE will create profits and issue native invoices in RMB to its customers,
that is crucial as invoices ar the premise for getting tax deductions in China. Compared to a venture, a WFOE has bigger
freedom and independence, and might higher shield its intellectual properties. It may use native employees directly, while not
obligation to use services from employment agencies. though there’s no legal restriction on the amount of foreigners a WFOE
will use, in follow the amount of foreign staff will depend upon the quantity of registered capital (discussed below) that the
various company injects. The Chinese government’s initial aim in allowing the institution of WFOEs in 1986 was to introduce
advanced technology into China and to encourage export-oriented producing activities. Since then, the scope of business
allowed to WFOEs has steady inflated. After connexion the planet Trade Organization in 2001, WFOEs were allowed in consulting
and management services, software, development and China Joint Venture Registration. any sectors are more and more unfolded within the course of the
past few years. The elementary legal bases for WFOEs are: Law on Foreign-invested Enterprises (“WFOE Law”), effective April
twelve, 1986 and later on revised on Gregorian calendar month thirty one, 2000; Implementing Rules of the WFOE Law, effective
Gregorian calendar month twelve, 1990 and later on revised on April twelve, 2001; and Company Law, effective January one,
2006. WFOE Setups There ar 3 distinct WFOE setups: Service China Joint Venture Registration WFOE; China Joint Venture Registration WFOE (or Foreign-invested industrial
Enterprise, “FICE”); and producing WFOE. While all 3 structures share identical legal identity, they dissent considerably in
terms of setup procedures, prices and also the vary of business activities during which they’re allowed to have interaction.
China Joint Venture Registration WFOEs and producing WFOEs should derive the bulk of their revenue from that main business, however may offer associated
services. Meanwhile, some Service WFOEs may conduct China Joint Venture Registration activities associated with their services. When applying to line up
a WFOE, the business scope should be per the applying. The business scope could be a one sentence description of the business
activities during which a business can have interaction, and can seem on the business license. Note that the WFOE will solely
conduct business activities at intervals its business scope and any amendments to the business scope need any application and
approval, and might be quite time intense. we tend to embody samples of the business scope for every WFOE setup below. Service
WFOE A Service WFOE could be a company that has as its core activity the availability of services to 3rd parties. it’s the
simplest style of financial obligation company to line up because it needs a shorter institution time-frame and a lower
capital demand compared to a China Joint Venture Registration WFOE or producing WFOE. Below is associate example of the business scope for a Service
WFOE that gives technical services: “To offer XXX technical services and consulting services for XXX technologies; technology
transfer, technology consulting and technology development; and wholesale, import and export of connected product related to
the availability of aforementioned technical consulting services and commission agency services (excluding auction) and
different connected services.” Trading WFOE To engage in import and export activities still as domestic distribution (i.e.,
retail, wholesale and franchising trade activities) in China, a China Joint Venture Registration company – additionally called a mongrel – may be
established. China Joint Venture Registration WFOEs will mix completely different business activities, e.g., collection and providing services. Below is
associate example of a business scope for a FICE: “Wholesale, commission agency (excluding auction), import and export of XXX
products; after-sales services; technology transfer; technology consulting; technology development and different business
consulting services.” Manufacturing WFOE Manufacturing WFOEs ask corporations engaged in industries like machine producing and
electronics; energy; building materials and construction; medical equipment; transportation; and animal and plant raising and
breeding. a producing WFOE is needed to rent a industrial plant house as its registered address. The native Administration of
business and China Joint Venture Registration (AIC) can physically check the industrial plant house before registering the WFOE. additionally, producing
WFOEs ar needed to get approval from the Environmental Protection Bureau. In some cases, a full report on the calculable
environmental impact of the industrial plant issued by associate appointed agent is needed, that is meant to confirm that
producing production processes fits nominative environmental norms. The Bureau would require info concerning the raw materials
used, the machinery and instrumentation, consumption and safe disposal of cyanogenetic product. associate example of the
business scope of a producing WFOE is: “Design, develop and manufacture XXX product and connected components and elements,
sale of self-manufactured products; wholesale, import and export of comparable product and commission agency (excluding
auction); provision of after-sale services and different associated services to the products; technical consulting, technical
development and technology transfer.” Registered capital Registered capital is that the initial investment into a corporation
that’s needed to fund its business operations till it’s in a very position to fund itself. absolutely the minimum capital
needs beneath Chinese law ar RMB30,000 for multiple stockholder corporations and RMB100,000 for single stockholder
corporations. In follow, however, the official needs for registered capital vary by business and region. With producing WFOEs,
for instance, the minimum registered capital is RMB1 million, subject to concerns like industrial plant size and
instrumentation prices. Meanwhile, Service WFOEs usually need on top of RMB100,000 and mongrel need on top of RMB500,000 for
VAT functions. Generally, locally-obtained RMB can not be injected as registered capital – it should be offshore RMB or RMB
reborn from foreign currency sent in from the overseas capitalist. Subject to approval from the relevant authority, a distant
capitalist will create capital contributions with RMB gained by different foreign-invested enterprises they need established
in China. RMB isn’t a freely convertible currency, thus beneath China’s pre-existing interchange administration regime,
foreign investors have solely been ready to establish associated capitalize an FIE mistreatment foreign currency, which might
then be reborn into RMB once the capital injection is finalized. However, as offshore RMB holdings have continued to grow,
this previous rule has return harassed. starting in 2011, foreign investors were allowed for the primary time to use offshore
RMB holdings to capitalize or acquire a Chinese FIE, and to fund its operations by means that of a cross-border RMB loan.
mistreatment offshore RMB to ascertain associate FIE offers variety of benefits over the employment of ancient foreign
currency. for instance, currently-held offshore RMB could also be used while not the expense of conversion, and exposure to
volatility in foreign currency exchange rates may be lessened. For corporations heavily concerned in cross-border trade and
investment with China, these reasons alone could also be enough. Registered capital contributions may be created in-kind
(e.g., machinery and instrumentation, industrial property rights, know how). Any machinery and instrumentation contributed
should be necessary to the assembly of the WFOE involved and valuated at traditional value. an in depth list of valuated and
priced things ought to be submitted as a part of the applying. once the machinery and instrumentation contributed reach a port
in China, the WFOE ought to report back to the trade goods review authority in China associated apply for an review,
associated an review report ought to be issued. In ought to be noted, however, that any industrial property rights or ability
contributed shouldn’t exceed twenty % of the registered capital. It should even be closely-held by that foreign capitalist and
valuated in accordance with general international principles. The payment schedule of the registered capital ought to be per
the WFOE application for institution and its articles of association. The foreign capitalist will pay the capital contribution
by installments, however the ultimate installment ought to be paid up at intervals 3 years following the issuing of the
business license. the primary installment ought to be no but fifteen % of the capital contribution signed by the foreign
capitalist, and paid up at intervals ninety days of the issuing of the WFOE’s business license. once payment of every
installment of capital contribution, the WFOE ought to have interaction an authorized public businessperson in China to verify
and issue a capital verification report.
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.
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.
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.
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.
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
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.
Are You Ready
To Start Your Business In China
Grace Ma
Shangai District Office Manager Grace is an expertise are in Legal Consulting, Company Structure She speaks English, Shanghainese & Chinese
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