Shenzhen Joint Venture (JV) Registration Services
Hotline: 86-755-82143348/86-13530066130 Email: anitayao@citilinkia.com
Wechat:13530066130
The Sino-foreign joint venture is the enterprise that foreign enterprise and other economic organizations or individuals (hereinafter referred to as “foreign joint ventures”) to establish equity joint venture together with Chinese companies, enterprise and other economic organizations (hereinafter referred to as “Chinese joint ventures”) within the territory of the People's Republic of China.
COMPANY NAME
The Shenzhen government has a name format for anyone who wants to setup a JV in China, the format is: Shenzhen + trade name + business scope+ limited. In China, only Chinese company names are officially used, while English names are for reference only. Any names are subject to the approval of relevant authority.
BUSINESS SCOPE
One of the most important issues is to define the business activities of the JV. Business scope is narrowly defined based on many factors, such as trade names, registered capital and business scope. JV can only conduct business within its approved business scope on the business license. Amending the business scope need further application and approval if the name reserve is not successful. For some sectors such as education, logistics, medicine and food industries, pre-approval license is needed before we enter into normal processes.
REGISTERED AND PAID-UP CAPITALS
1. In China, the registered capital is different from varied situations and sectors. For the manufacturing enterprise, the registered capital of RMB 1 million or above is usually required. for the trading and wholesaling RMB500,000 or above; for retailing, as low as RMB300,000; for the service sectors, such as consultancy, technology, market research and development, the registered capital is around RMB100, 000 or above; for domestic companies, as low as RMB30,000.
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2.The JV requires that the invest percentage from foreign investor can not be less than 25% of the registrated capital. The capital to be subscribed in lump sum as contemplated in the Articles of Association shall be paid up within six months from the date of issue of Business License,the capital to be subscribed by installment as contemplated in the Articles of Association shall be paid up within three months from the date of issue of Business License, with the first installment not to be less than 20% of the amount of capital subscription. The capital injection report issued by the CPA is required for the paid-up capitals subscription. The fee of paid-up capital injection will be reduced if the registered capital can be paid in one time.
For further queries, please do not hesitate to contact ATAHK at anytime, anywhere by simply calling China hotline at 86-755-82213974, 86-755-82143512 or emailing to anitayao@citilinkia.com.