China CJV Registration
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Joint Venture Registration takes place when two parties come together to take on one project. In a joint venture, both parties are equally invested in the project in terms of money, time, and effort to build on the original concept. While joint ventures are generally small projects, major corporations also use this method in order to diversify.
Joint Venture Registration-Overview of CJV Registration
In a Sino-Foreign Cooperative Venture (also known as Contractual Joint Venture), the parties involved may operate as separate legal entities and bear liabilities independently rather than as a single entity. A cooperative venture may also be registered as a limited liability entity resembling an equity joint venture in operation, structure, and status as a Chinese legal entity.
Joint Venture Registration-Registered and Paid-up Capital for CJV
The minimum registered capital needed for Chinese companies is RMB 30,000 Yuan. The requirement of the registered capital is different according to companies of different properties. The registered capital can be prepared within 6 months since the business license is signed. You can also prepare the registered capital by installment in 1–2 years. If you choose payment by installments, you are required to pay 20% of the registered capital in three months, the rest by installments. The specific fixed number of years is decided by how much the registered capital is.
The registered capital must be prepared according to the company ordinance, which is required by Regulations of the People’s Republic of China on Administration of Registration of Companies and Law of Foreign Investment Enterprises of China.
Joint Venture Registration-Business Scope for CJV
This refers to the specific business transaction of the foreign invested companies want to operate in Shanghai. The business scope of Shanghai Company is directly restricted by its company name and registered capital. The more the registered capital is, the broader the business scope is.
Contact Us
For further queries, please do not hesitate to contact ATAHK at anytime, anywhere by simply calling China hotline at 86-755-82148419, 86-755-82143512, or emailing to susiehu@citilinkia.com。