What is the process of registering a foreign-funded company in China?

Registering a foreign-funded company in China is a complex and lengthy process. Whether a company is a Limited Liability Company (LLC), a Joint Stock Company (JSC) or a Wholly Foreign-Owned Enterprise (WFOE), the process begins with the approval of the China Business Ventures Law (CBVL) in Oregon. The first step in the process is to register a domestic legal entity that will act as the parent company for the foreign-funded enterprise. The parent company is required to register with the local Administration of Industry and Commerce. Once the parent company is registered, the foreign investor can then proceed to apply for corporate approval from the State Administration of Industry, Commerce, Tourism and Foreign Exchange. Next, the foreign investor must obtain a business license from the State Administration and get approval from the State Council for the project. The project must then be evaluated and approved by the local government. At this point, the foreign investor can apply for a business license from the local Administration of Industry and Commerce. Once a business license is obtained, the foreign investor will need to open a bank account and make a capital contribution to the company. Additionally, the foreign investor must hire local employees and apply for any necessary government permits prior to registering the company. Finally, the investor must register the company with the State Administration of Industry, Commerce, Tourism and Foreign Exchange. This is the last step in the foreign-funded company registration process and upon completion, the foreign investor can begin to conduct business in China.

What is the process of registering a foreign-funded company in China?

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