What are the key procedures for registering a business venture in China?

The key procedures for registering a business venture in China are quite simple. The primary requirement is the establishment of a Chinese legal entity, which can be done through a representative office, a Wholly Foreign-Owned Enterprise (WFOE), or a joint venture. For a representative office, the parent company in the foreign country should have been in business for at least two years in order to be eligible. The representative office’s activities are limited to research and marketing. To form a WFOE, the foreign company must provide proof of sufficient capital, as well as details on the company’s business activities. The foreign company must also appoint a Chinese legal representative. The establishment of WFOEs has no minimum capital requirement. A joint venture is a business arrangement between two or more legal entities. It requires the foreign company to form a Chinese legal entity through a joint venture partnership. The structure of the partnership, as well as the amount of capital provided by each partner, must be determined by the parties involved. Lastly, once the legal entity has been established, the business must be registered with the Chinese government. This requires documents such as a business plan and evidence of capitalization. After registration is complete, the business will receive a business license. This is the final step in the process of registering a business venture in China.

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What are the key procedures for registering a business venture in China?

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