1.Pre-pproval of company registration name (industry and commerce bureau)
2.Industry pre-approval (industry competent department)[apply according to needs]
3.Project approval (District Development and Reform Commission) [apply according to needs]
4.Registration (Commerce and Industry Bureau)
5.Foreign investment enterprise filing or approval (Commerce Bureau)
6.Public Security Bureau Filing (Public Security Bureau)
7.Bank account opening permit certificate (bank)
8.Import and export rights qualification processing [apply according to the needs]
Contracts and regulations of Chinese-foreign joint ventures
1.The contract of a Chinese-foreign joint venture refers to the documents concluded by the parties to the joint venture for the establishment of a joint venture to reach an agreement on mutual rights and obligations.
2.The articles of association of a Chinese-foreign joint venture refer to the documents that,in accordance with the principles stipulated in the contract of the joint venture,agree on the purposes,organizational principles and management methods of the joint venture.
3.The joint venture agreement, contract and articles of association shall become effective upon approval by the approval authority.
Chinese-foreign joint venture company registered capital and capital contribution regulations
1.The registered capital of a Chinese-foreign joint venture shall generally be RMB, or it may be a foreign currency agreed by the parties to the joint venture.
2.A joint venture shall not reduce its registered capital while the joint venture is in business. If there is a change in the total amount of investment and the scale of production and operation, if it needs to be reduced, it must be approved by the approval authority.
3.The joint venturer may contribute capital in money, or may use the building, plant, machinery or other materials, industrial property rights, Proprietary technology, land use rights, etc. to make capital contributions.
4.The foreign currency contributed by the foreign joint venturer shall be converted into RMB or converted into the agreed foreign currency according to the benchmark exchange rate announced by the People's Bank of China on the day of payment.RMB contributed by Chinese joint venturers, which need to be converted into foreign currency, shall be converted at the benchmark exchange rate announced by the People's Bank of China on the day of payment.
5.The parties to the joint venture shall pay their respective capital contributions in accordance with the time limit stipulated in the contract. If the payment is overdue or unpaid, the delayed interest or compensation shall be paid according to the contract.
To find out more about registering a company in China, please contact: jack@86startup.com
