Shanghai Joint Venture Registration

OVERVIEW OF JOINT VENTURE
The Sino-foreign joint venture is the enterprise that foreign companies, enterprise and other economic organizations or individuals (hereinafter referred to as "foreign joint ventures") to establish equity joint venture together with Chinese companies, enterprise and other economic organizations (hereinafter referred to as "Chinese joint ventures") within the territory of the People's Republic of China, on the principle of equality and subject to approval by the Chinese Government. Both parties to the venture shall share the profits, risks and losses in proportion to their contributions to the registered capital.

REGISTERED AND PAID-UP CAPITAL
Total registered capital should be 1million at least, and the capital invested by foreign part must be 25% of the total capital at least. All of the registered capital can be paid in one time; (within 3 months after the date of issuance of the Company's business license) and can also be paid for many times in two years. In the first 3 months, each part of joint venture should pay for 15% of the registered capital.

OPERATING PROCEDURE:
Fill the application form→advance payment→submit material to the government departments→pay for the rest expenses

DOCUMENTS REQUIRED
For the legal person, the following documents are required:
(1). Board of director's meeting minutes or resolution of two parties;
(2). One proposed name (in Chinese), and provide two back-up names in case the first name is not available;
(3). Detailed information about the business scope and registered capital;
(4). Feasible study report;
(5). Original Articles of Association;
(6). Duplicate copy of the business license and certificate of incorporation of two parties;
(7).The original and copies of identity certification of pre-established company's legal representative, and color photo;
(8). Two original bank reference letters (from foreign investor's bank) indicating foreign investors' creditability, issued within 6 months in both English and Chinese language;
(9). Lawyer's notarization
(10).Chinese investor's annual audit report and seals;
(11). The office address: your own house property or the rented commercial building (two original copies of lease signed and sealed by the local Housing Management Authority , showing the recognized registered address of joint venture. The signing party should be in the name of one shareholder or the foreign company; the purpose must be for commercial use) .
Production address: your own house property or the rented commercial workshop (two original copies of lease with signature by Housing Management Authority, showing the recognized registered address of joint venture. The signing party should be in the name of one shareholder or the foreign company; the purpose must be for workshop use).
(12). Approval of environmental and fire departments.

For the abroad natural person, the following documents are required:
(1). Board of director's meeting minutes or resolution of two parties;
(2). Duplicate copy of identity certification of foreign investors& Legal representative, directors of pre-established company;
(3). Lawyer's notarization of foreign investor's identity certification;
(4).Duplicate copy of ID & two color photos of the pre-established company's legal representative;
(5).Feasible study report;
(6).Original copy of Articles of Association;
(7). Two original bank reference letters (from foreign investor's bank) indicating foreign investors' creditability, issued within 6 months in both English and Chinese language;
(8). Chinese investor's business license, annual audit report and company's seals.

OUR SERVICES
(1). Approval document;
(2). Original Articles of Association;
(3). Foreign investment enterprise approval license;
(4). Both original and duplicate copy of business license;
(5). Cachet, financial, custom and legal representative private chop;
(6). Seal carving registration card;
(7). Both original and duplicate copy of Organization Code License & card;
(8). Registration license and form of State &Local Administration of Taxation;
(9). Foreign exchange registration license and approval certificate;
(10). Customs declaration registration certification;

TIME NEEDED: 4 months or so

SERVICE PRICE: Service charge + Government expense


Tannet——Global Corporate Solution Provider,Value Investment & Strategic Development.