Business Establishment Services
Joint Stock JV company Registration Service
Eyes on China Registration Services
We take care of the registration procedure saving you both time and resources and making sure that your JV is correctly registered according to all latest legislations:
- Collecting, making and approving letters
- Preparing and/ or verifying feasibility reports, proof of legal qualifications of all the investors, contracts, filled forms, articles signed and documents requested by the Minister of Foreign Trade and Economic
- Dealing with the 14 Examination and Approval Departments according to deadlines
- Fully registering your JV
Application Requirements
1. All capital is composed by stock shares with same quantum, shareholders assume responsibility with all property for the company ,company assume responsibility with all property for the company , foreign and Chinese shareholders hold the stock shares together. The shares bought and hold by foreign shareholders more than 25% of registered capital.
2. Setting up a company should be in line with the state policies on foreign- invested enterprises of industry. The government encourages to establish technologically advanced production-oriented companies.
3. Companies can be set up with initiate way or raise way.
4. Setting up the company by initiate way, in addition to complying with provisions of the Company Law, more than one sponsors should be foreign shareholders.
Company setting up by raise way, in addition to complying with the conditions of the preceding paragraph, at least one sponsor should have consecutive three years earning records, if the sponsor is the Chinese shareholders, they should provide nearly three years financial accounting reports audited by Chinese CPAs; as foreign shareholders, they should provide financial accounting reports audited by CPAs located in foreign shareholders living place.
Application Procedure
1. Pre-approval of JV Name
- Examination and Approval Department: Administration of Industry and Commerce)
2. Certification Needed for Setting-up Joint Venture
- Examination and Approval Department: Municipal Bureau of Commerce
3. Process of Proposed Agency Code
- Examination and Approval Department: State Bureau of Technical Supervision (The Administration Center of Organization Code)
4. Industry and Commerce JV registration
- Examination and Approval Department: Administration of Industry and Commerce
5. Record at the Public Security Bureau
- Examination and Approval Department: Municipal Public Security Bureau (the Administration Center of Embarkation and Disembarkation
6. Chop of Enterprise Registration
- Examination and Approval Department:Engraving of organization chop proposed by police station)
7. Enterprise Code Registration
- Examination and Approval Department: State Bureau of Technical Supervision or The Administration Center of Organization Code)
-
8. Tax Registration
- Examination and Approval Department: Municipal Local Taxation Bureau
9. Administration of Foreign Exchange Registration
- Examination and Approval Department: Beijing Center of Foreign Exchange Control
10. Opening Bank Account
- Examination and Approval Department: Local bank
11. Financial Registration
- Examination and Approval Department: The Financial Bureau
12. Statistic Registration
- Examination and Approval Department: The Statistical Bureau
13. Beijing Customs
- Examination and Approval Department: The Customs