What is the process of registering a foreign-funded company in China?
The process of registering a foreign-funded company in China can be complicated. The first step is to register the foreign-funded company with local Chinese authorities and obtain an enterprise license. The foreign investor must select a Chinese company name, and then submit various documents to the Chinese government, such as a business plan and proof of foreign investor ownership. Additionally, the foreign investor must obtain other registration certificates, such as a certificate of organization code, a tax registration certificate, and a foreign exchange registration certificate. Once the documents are submitted, the foreign-funded company must apply for the necessary administrative approval. This includes obtaining approval from the State Administration for Industry and Commerce, the Ministry of Public Security, the Taxation Bureau, and the Foreign Exchange Bureau. Once these approvals are obtained, the foreign-funded company must obtain an industrial and commercial registration certificate and a secret registration certificate. The foreign-funded company must then file an application form with the China Administration of Industry and Commerce and deposit a company seal before signing a contract with the China Administration of Industry and Commerce. This is the final step in the process of registering a foreign-funded company in China. With the contract, a foreign-funded company will be allowed to open a bank account in China and conduct its business activities.
Related FAQs
What laws apply to corporate governance in China?Are there restrictions on the use of the Chinese currency (RMB) by foreign companies?
What laws apply to the operation of banks and financial institutions in China?
What agreements and documents are needed to enter into a joint venture in China?
Are there any restrictions on the ownership of shares in Chinese companies?
Can I hire foreign consultants to provide services in China?
What rights do investors have in a joint venture in China?
What is the legal framework for mergers and acquisitions of businesses in China?
What are the rules governing the formation and operation of a representative office in China?
What are the legal requirements for obtaining and renewing a business license in China?
Related Blog Posts
Exploring China's Business Ventures Law: Understanding the Complexities - July 31, 2023Lawyers as Advisors for China's Business Ventures: How to Maximize Value - August 7, 2023
Navigating the Unique Challenges of China Business Ventures: Legal Considerations - August 14, 2023
Evaluating Risks & Opportunities in China Business Ventures: What to Know - August 21, 2023
Claims and Litigation in China Business Ventures: Strategies for Success - August 28, 2023