Shenyang Company Registration Service
Hotline: 86-755-82143348, Email:anitayao@citilinkia.com
Registering a joint venture company is one of the best choices for foreign investors since Chinese government and authorities are greatly encouraging this business type. The joint venture company refers to the enterprises that are created by foreign companies, enterprise and other economic organizations or individuals to establish equity joint venture together with Chinese companies (hereinafter referred to as “Chinese joint ventures”). Both parties to the venture shall share the profits, risks and losses in proportion to their contributions to the registered capital.
Shenyang Joint Venture (JV) Company registration - Choosing a Right Company Name of Joint Venture Company
When foreign investors establish company together with Chinese cooperators, how to name their company is one of the main issues. In Shenyang, only company names written by Chinese characters are accepted by authorities, while the names in English characters are used to reference names only. Meanwhile the Chinese Company Registry Department cannot accept every name both in Chinese and English, thus naming your company must need a careful consideration.
In Shenyang some sectors need special license, it is important for you to know the wording of a company name should be in conformity with the registered capital, such as with the words “investment” or “industrial” within a company name, the registered capital should more than RMB 100 millions, while “group’’ or “holding” more than RMB 50 millions (The detailed information depends on the local stipulation). Your company name must be distinguished from the others registered company name before. If a company name contains the word “Shenyang”, must be declared through a pre-approval process in Shenyang Business Department.
Shenyang Joint Venture (JV) Company registration - Two types of Shenyang Joint Venture Companies
Joint ventures in Shenyang are either equity joint ventures (EJVs) or cooperative (or contractual) joint ventures (CJVs). EJVs and CJVs are similar in their approval process, format of agreements, tax breaks, legal standings, and dispute resolution, but differences are still existed.
1. EJVs: Firstly, EJV needs a separate legal person to represent them to the government. Secondly, an EJV’s control, risk, and profits are divided in proportion to the equity shares invested by the parties. In a CJV, a party’s control, risks, and profit are all divided based on negotiated contract terms. A CJV is also beneficial in terms of the ease of termination because if you are in a sector where the risk of failure is very high in the development phase, the contracts can be easily modified without termination.
2. CJVs: The process of setting up one CJV company is both time consuming and expensive. But many clients do choose this form because their Chinese partners can “lend" assets and licenses that are normally forbidden to foreign investors, or that are undesired (such as a high transfer tax or land) by the foreign partner, until the venture terminates or laws become more relaxed.
Shenyang Joint Venture (JV) Company registration - Registration and capital for Shenyang JV Registration
1. For the companies, the registered capitals are usually required as much as 500,000RMB or above;
2. For the manufacturing enterprise, the registered capitals are usually required 1 million RMB or above;
3. For the company of consultancy, technology, market research and development, the registered capitals are usually required RMB 100, 000 or above;
All of the registered capital can be paid in one time; (within 6 months after the date of issuance of the Company’s business license) and can also be paid for many times in two years. In the first 3 months, 15% of the registered capital is mandatory. The terms of payment is determined by the volume of registered capital. The capital verification fees will be reduced if the terms of payment reduce.)
Shenyang Joint Venture (JV) Company registration - Operating Procedure for Joint Venture Setup in Shenyang
1. Entrusting Procedure
2. Customer Processing Procedure
Shenyang Joint Venture (JV) Company registration - After- Services for Shenyang JV
ATAHK can provide a series of after services to customers, such as open company basic bank account, open tax account, do accounting, annual return service, company alteration, financial planning and so on.
Contact Us
If you have further enquire, please do not hesitate to contact ATAHK at anytime, anywhere by simply visiting ATAHK’s website: www.3737580.net , or calling HK hotline at 852-2783 7818 or Shenyang TEL: 86-024-23180683