What is the legal framework for setting up a foreign-invested enterprise in China?

The legal framework for setting up a foreign-invested enterprise in China is mainly governed by the Chinese Company Law and other related regulations. Generally speaking, a foreign investor is required to establish a limited liability company or a joint venture with a local partner, in order to set up a foreign-invested enterprise in China. First, the foreign investor is required to choose a business name that has been approved by the Chinese government. After that, the foreign investor must obtain a business license and register the business with the local Administration of Industry and Commerce. Then, the foreign investor needs to select a registered office in China and pay capital registration fees. After that, the foreign investor is required to open a foreign investor account and register for value-added tax, corporate income tax, and any other taxes. Next, the foreign investor is required to set up the articles of association, which must be notarized and certified by the Chinese government. Finally, the foreign investor must apply for and obtain a business code for the enterprise in order to obtain the right to operate. Overall, establishing a foreign-invested enterprise in China requires the foreign investor to go through a series of legal procedures in order to comply with Chinese law. It is also important for the foreign investor to fully understand the latest changes in China business ventures law in order to ensure compliance with the law.

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What is the legal framework for setting up a foreign-invested enterprise in China?

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