China equity joint venture incorporation service
Hotline: 86-755-82143348, Email:amyhuang@citilinkia.com
For all investors that who want to estbalsih a company in China , mostly they may will have partners, they will take advantages from others' minds, so they will choose to setup a China joint venture. Of course , they need know the details information about China joint venture. Here we ATAHK can supply for all friends :
What important documents require to register a China joint venture ?
1. Non-Chinese Investor business license authenticated by Chinese Embassy of investor country if the investor is a corporate, or non-Chinese passport authenticated by Chinese Embassy of the investor country. For the detail please review the website of Chinese Embassy of the investor country. (two originals, prepare it at investor country)
2. A letter issued by a financial institution which testifies its financial and credit standing for non-Chinese investor. (two originals, prepare it at investor country)
3. Office lease contact, to register a JV the Chinese government requires a place to carry out business, the place should be in commercial building or industry building. The resident building is not allowed to register as a WOFE address.
4. Article of incorporation
5. Business scope
6. Legal representative 1 inch pictures (6 pieces)
Company Name China joint venture
Company name of JV consists of four parts which are administrative division, name, Industry expression and limited. Your company name must be unique in the same industry and administrative division .Company name is related to register capital and business scope. For some sectors such as education, logistics, medicine and food industries, a special pre-approved license is needed. Only with 10 million, the word Guangdong can be registered. If the word “China” is within the company name, it is required to be pre-approved by SAIC (State Administration for Industry and Commerce).
Business Scope China joint venture
One of the most important issues in JV application is business scope. Business scope needs to be defined and the JV can only conduct business within its approved business scope, which ultimately appears on the business license. Any amendments to the business scope require further application and approval.
Registered Capital and Paid-Up Capital China joint venture
Registered capital is the amount that it’s required to run the business until it can break even - the 'minimum registered capital' is a guideline only. The amount of registered capital needed depends on factors like industry, scope of business and location. Generally speaking, for manufacturing and trading enterprise, the registered capital is required RMB 1 million or above. For service enterprises, such as consultancy, technology, market research and development, the registered capital is usually required RMB 500, 000 or above. Once the business license is issued, 15% of the registered capital should be paid up during 3 months, with the balance being remitted within 2 years. All of the registered capital can be paid in one time or several times, fewer times, fewer capital verification fees are needed.
Shareholder, Legal Representative, Supervisor, Director and Manager China joint venture
1.Foreign shareholder could be a nature person (foreign individual) or a legal entity (foreign company); Chinese shareholder should be an establish company.
2.The legal representative represents the interests of the enterprise as a legal person，exercises legal right in accordance with the will of the enterprise. An enterprise as a legal person endows the legal representative with authority, assumes civil liability for the normal activities of legal representative.
3.Supervisor’s duty is that check the company’s financial condition; supervise executives’ behavior of performing his duties, propose suggestions on dismissing any director or senior manager whose behavior is contrary to laws and regulations, articles of incorporation or shareholder meeting resolution, etc.
4、Directors, the manager and financial officers shall not serve concurrently as supervisors，while the director, the manager and legal representative could be the same person.
Contact Us
If you have further queries, don’t hesitate to contact ATAHK anytime, anywhere by simply visiting ATAHK’s website www.3737580.net , or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143348, or emailing to amyhuang@citilinkia.com.