Nanchang Coporate Formation Service
Hotline: 86-755-82143348, Email:anitayao@citilinkia.com
Nanchang Coporate Formation also can be understood as: Nanchang company setup, Nanchang corporate formation, Nanchang business setup, Nanchang company incorporation, Nanchang business establishment and Nanchang business registration.
There are several types of business setup in Nanchang; the following are common types for business registration:
1. Wholly foreign owned enterprise (WFOE);
2. Representative office (RO);
3. Foreign invested partnerships enterprise (FIPE).
4. Cooperative joint venture (CJV);
5. Equity joint venture (EJV);
Nanchang Coporate Formation-WFOE
The Wholly Foreign Owned Enterprise, abbreviated WFOE, is a common investment vehicle for mainland Nanchang-based business. The unique feature of a WFOE is that involvement of a mainland Chinese investor is not required, unlike most other investment vehicles. WFOEs are limited-liability corporations organized by foreign nationals and capitalized with foreign funds. This can give greater control over the business venture in mainland Nanchang and avoid a multitude of problematic issues which can potentially result from dealing with a domestic joint venture partner.
Nanchang Coporate Formation - RO
A Chinese representative office (RO) is an institute setup in Nanchang, representing its parent corporate for liaison with Chinese counterparts. A RO is not considered to be a separate legal entity. It cannot directly engage in business operation. However, through which its parent corporate can enter into contracts with its supplier/customers in Nanchang in its own name, but not under the name of RO. A representative office is popular for those who are willing to enter Nanchang at the test period of business and investment.
Nanchang Coporate Formation-FIPE
The Foreign Invested Partnership Enterprise (FIPE) is an unlimited liability business entity without minimum requirements on registered capital. A partnership in the People's Republic of China is a business entity governed by the Partnership Enterprise Law passed by order of the President of the People's Republic of China to authorize and govern partnership enterprises. A partnership is a type of business entity in which partners share with each other the profits or losses of the business undertaking in which all have invested.
Nanchang Coporate Formation-CJV
In most respects, CJVs are structurally similar to EJVs. Unlike EJVs, however, CJVs can be established either as a limited liability company as a non-legal person, in which the partners are subject to unlimited liability and thus entirely liable for any losses. The rights and obligations of the JV partners concerning issues such as distribution, investment, operation and sharing of profits/losses and risks are determined by the individual joint venture contract.
Nanchang Coporate Formation-EJV
The corporate form of an EJV is the limited liability company, which possesses the status of a Chinese legal person. It involves joint investment and operation and the sharing of profits and losses, as well as risks in proportion to the partners’ respective shares in the registered capital.
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