What is required to open a foreign invested enterprise in China?

In order to open a foreign invested enterprise (FIE) in China, business owners must meet a number of requirements. Firstly, an appropriate name for the FIE must be registered with the State Administration for Industry and Commerce. This must be done alongside registration of the business scope and scope of the capital of the FIE. Secondly, the FIE must be registered with the local branch of the State Administration of Foreign Exchange in order to acquire the necessary foreign exchange. In addition, the company must also apply for a business license and other relevant certificates or approvals needed to set up a business in China. This may include specific approvals related to the nature of the business, such as land use permits or customs related approvals. The business must then be registered with the local branch of the State Tax Bureau to obtain a tax registration certificate and VAT payment registration certificate. Finally, the business must also meet the requirements of China’s labor laws. To do this, the business must register with the local branch of the State Administration of Foreign Exchange in order to obtain a labor dispatch certificate. This should be done before any hiring takes place. Once these steps have been completed, the FIE can then formally register and begin business operations in China.

Related FAQs

How are trade disputes handled in China?
What legal procedures are necessary for the registration of patents in China?
What is the legal process for registering a trademark in China?
What is the process for obtaining a trademark registration in China?
What laws and regulations must be observed when reorganizing a business in China?
How can I obtain financing for business ventures in China?
What regulations govern banking activities in China?
How can a foreign company protect its trade secrets in China?
What legal remedies are available in China?
What is the process for winding up a business venture in China?

What is required to open a foreign invested enterprise in China?

Related FAQs

Related Blog Posts