Sino-foreign Joint Venture: Among the investors, at least one party shall be foreign enterprise or individual and at least one party shall be Chinese enterprise or individual. ( Under the circumstance that the Chinese party is an individual, it must be registered in Pudong Free Trade Zone instead of other places. ), details procedure of registration you may learn from our guidance: How to Set up a JV Company in Mainland China
Documents Required
1. Foreign enterprise:
- (1). Identity Certificate: Notarize the enterprise qualification in the notary public office at the country where the enterprise locates and conduct notary translation and authentication of the above notarized documents in the Chinese Embassy of the country where the enterprise locates.
- (2). Creditibility Certificate: Enterprise Creditibility Certificate issued by a financial institution ( namely, the bank ) at the country where the enterprise locates ( Note: The following contents need to be reflected in the text of the Creditibility Certificate: the enterprise has no bad record in our bank; the enterprise has good credit standing in our bank. If the bank cannot specify the above documentary evidence, the Enterprise Deposit Certificate need to be issued, and the deposit amount on which shall exceed the initial contribution of this investment enterprise to establish the joint venture in China. ).
2. Foreign individual:
- (1). Identity Certificate: If the individual is in China, it only needs to provide the original of Passport (the passport is within the validity of visa and pasted with entry records); if the individual is outside China, it needs to notarize its Passport in the notary public office of the country where its household register locates, and then conduct translation and authentication in the Chinese Embassy of the country of its household register.
- (2). Creditibility Certificate: Individual Creditibility Certificate issued by a financial institution (namely, the bank) at the country where the individual locates. ( Note: The following contents need to be reflected in the text of the Creditibility Certificate: The applicant has no bad record in our bank; the applicant has good credit standing in our bank. If the bank cannot specify the above documentary evidence, the Individual Deposit Certificate need to be issued, and the deposit on which shall exceed the initial contribution of this individual to establish the joint venture in China. ).
3. Chinese enterprise:
- (1). Identity Certificate: A set of originals of the enterprise certificates
- (2). Creditibility Certificate: Creditibility Certificate or Deposit Certificate issued by the enterprise’s account-opening bank
4. Chinese individual:
- (1) Identity Certificate: Original of the Identity Card
- (2) Creditiability Certificate: Individual Creditibility Certificate or Deposit Certificate issued by any bank where the individual has ever applied for personal bank card
Notices:
Sino-foreign Joint Venture: Need to establish the board of directors ( there are at least three directors, including one board chairman and two directors) and one supervisor (acted by personnel outside the board of directors )
Formalities and Procedures
- 1. Check name at Administration for Industry and Commerce. learn more: Choosing a company name
- 2. Apply to the Commercial Commission for Approval Certificate and Establishment Reply.
- 3. Apply for Business License via industrial and commercial registration (Integrate the Business License, the Organization Code Certificate and the Tax Registration Certificate into one document). learn more: How to obtain a certificate of business registration
- 4. Carve company’s seals.
List of Documents
- 1. Approval Certificate and Establishment Reply.
- 2. The original and duplicate of Business License ( Integrate the Business License, the Organization Code Certificate and the Tax Registration Certificate into one document ).
- 3. A set of official seals ( official seal, legal person seal and financial seal ).
Handling Period
The company registration can generally be accomplished in fifteen workdays after the name approval of Administration for Industry and Commerce.
