a) Register on AIC website b) Log in the online annual examination system c) Choose the item to be examined d) Install the form filing software e) Fill in the forms f) Submit the forms online g) Check out the status of examination on the website h) Print the filing forms i) Prepare other annual […]
All foreign invested enterprises must do annual filing each year. You company needs to submit reports to relevant government bodies including state and local tax authorities, Administration of Industry and Commerce, State Administration of Foreign Exchange, Customs, etc., by the end of June. You should correct any violations in your documents or activities conducted upon […]
You should go through the change procedures if some aspects of your RO have been changed such as the office location, name, number and name of representatives, scope of business, etc. You should file corresponding application documents to competent government bodies to process the change in your RO. For example, where there is a change […]
A representative office (“RO”) is an office of a foreign enterprise set up in China for liaison with Chinese businesses and customers on behalf of its parent company. A RO is not a separate legal entity. It is not allowed to carry out direct revenue earning business activities. For example, it cannot enter into sales or service […]
The documents required for setting up a WOFE are listed below:
a) An original copy of application letter;
The registered capital of a Wholly Owned Foreign Enterprise (“WOFE”) should be subscribed and contributed solely by foreign investors. Branches established in China by foreign enterprises, representative offices and other foreign economic organizations are not WOFEs. Given the advantages of management flexibility and sole decision power, more and more foreign investors are adopting the form of WOFE.
A FICLBS refers to an enterprise legal person established in accordance with the Tentative Provisions Concerning Several Issues Regarding the Establishment of Foreign Investment Companies Limited by Shares. The total capital of a FICLBS should be divided into shares of equal amount. The shareholders of a FICLBS should bear liabilities to the FICLBS to the extent […]
A CJV is formed jointly by at least one Chinese investor and at least one foreign investor in accordance with Sino-foreign Cooperative Joint Venture Law and other regulations. Foreign companies, other economic organizations and individuals may act as foreign investors. Chinese companies, enterprises and other economic organizations may act as Chinese investors. The investors contribute […]
An EJV is formed jointly by at least one Chinese investor and at least one foreign investor in accordance with the Sino-foreign Equity Joint Venture Law and other relevant laws and regulations. Foreign companies, enterprises, other economic organizations and individuals may act as foreign investors. Chinese companies, enterprises and other economic organizations may act as […]
Before you launch your business into China, you need to get a general idea of where to start and how to start. Foreign Invested Enterprises (“FIE”) are one of the most important parts Chinese economy today. FIEs refer to enterprises established under Chinese law using foreign investment, which constitutes an important form of utilizing international direct […]
