What is the process of registering a foreign-funded company in China?
The process for registering a foreign-funded company in China involves a few steps. First, foreign investors must decide what type of legal entity they want to register. This can include companies such as a Representative Office, a Wholly Owned Foreign Enterprise, or a Joint Venture. Once the type of company has been decided, the investor must decide the location and registration capital. The registration capital refers to the amount of money the investor must deposit into the firm. The next step is for the investor to submit the registration application to the China Administration for Industry and Commerce (CAIC). The application must include documents such as a written agreement and a business plan. The CAIC will review the documents and make a decision within 30 days. Once the registration process is approved, the investor will receive a Business License. This license is valid for three years and should be renewed annually. The investor must also register with the local taxation and customs authorities in order to start operations. Finally, the investor must obtain a Foreign Investment License from the Ministry of Commerce. This license must be obtained before any other business activities can begin. This license is valid for three years and must be renewed if the investor wishes to continue business activities. By following these steps, an investor can register a foreign-funded company in China. It is important to note that the process can be complex and it is a good idea to seek professional advice to ensure the process is done correctly.
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