How to Set Up Chinese-Foreign Joint Ventures in China

A Chinese-foreign joint venture refers to an enterprise in which Chinese and foreign joint venturers jointly invest and operate within the territory of China in accordance with Chinese laws, and share profits, risks and losses in proportion to their investments.

The capital of Chinese-foreign joint ventures is jointly provided by investors from China and foreign countries. Chinese investors can be enterprises, other economic organizations or individuals, and usually contribute in various forms such as RMB, in-kind, land use rights, intellectual property rights and so on. Foreign investors mainly contribute in the form of freely convertible currencies, equipment, technology, industrial property rights and so on. This diversified source of capital brings richer resources and financial support to enterprises.

formation process of Chinese-foreign joint ventures:

Step 1: Pre-approval of company name.

Step 2: Fill in and submit company formation information online.

Step 3: Prepare files need to be signed. After the online information of company formation is approved, paper files need to be signed.

Step 4: Submit the required documents. After you sign the files, you can go to the formation authority where the company is Solutioned to submit the required documents.

Step 5: Obtain the business license. After the files are approved, you can obtain the business license. You can choose to pick up the paper business license or have it mailed by express delivery.

Step 6: Engrave company seals. Engrave the company's official seal, legal representative's seal and financial seal, and file them with the public security bureau.