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  • The People S Republic of China,: A Good Business Opportunity

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    Lk250291
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    The document discusses business opportunities and recommendations for foreign companies in China. It recommends an equity joint venture (EJV) legal structure for one company, which would have a minimum 25% capital contribution from the foreign partner and allow either party to be chairman. It also stresses carefully selecting a Chinese partner with relevant industry experience to help establish the corporate entity. The process of forming an EJV involves approval from government agencies, establishing the company, and registering with various regulatory bodies. Important laws governing these business operations and foreign employment are also noted.

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    China

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    The document discusses business opportunities and recommendations for foreign companies in China. It recommends an equity joint venture (EJV) legal structure for one company, which would have a minimum 25% capital contribution from the foreign partner and allow either party to be chairman. It also stresses carefully selecting a Chinese partner with relevant industry experience to help establish the corporate entity. The process of forming an EJV involves approval from government agencies, establishing the company, and registering with various regulatory bodies. Important laws governing these business operations and foreign employment are also noted.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    6 views9 pages

    The People S Republic of China,: A Good Business Opportunity

    Uploaded by

    Lk250291
    The document discusses business opportunities and recommendations for foreign companies in China. It recommends an equity joint venture (EJV) legal structure for one company, which would have a minimum 25% capital contribution from the foreign partner and allow either party to be chairman. It also stresses carefully selecting a Chinese partner with relevant industry experience to help establish the corporate entity. The process of forming an EJV involves approval from government agencies, establishing the company, and registering with various regulatory bodies. Important laws governing these business operations and foreign employment are also noted.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 9

    The Peoples Republic of China,

    a good business opportunity

    Outline
    Introduction Recommended business structure fo Definitely Maybe PLC Recommended type of legal structure for Ultra-educators Software Limited Choosing the Right Partner Process of forming Equity Joint Venture Important Laws

    Introduction
    Peoples Republic of China:

    Second largest economy in the world


    Population: 1.3 billion Member of WTO

    Recommended business structure for Definitely Maybe PLC


    Intellectual Property Rights: China Trademark Office Food and Safety Law: General Administration of Quality Supervision, Inspection and Quarantine Taxes

    Recommended legal structure for Ultra-educators Software Limited


    Equity Joint Venture Limited Liability Minimum risk for investors Either party can hold position as chairman of the board of directors Contribution of a minimum of 25% of the capital by foreign partner No minimun investment for Chinese partner.

    Choosing the Right Partner


    Careful study to find a good partner

    Previous experience in the industry


    Help to establish the corporate entity

    Process of forming EJV


    Examined and Approved by MOFCOM/COFTEC Project Proposal
    (prepared by Chinese party)

    Issuance of Approval Certificate

    Examined and Approved by MOFCOM/COFTEC

    Registration with AIC Issuance of Business License

    Feasibility Study Report (prepared by all parties) Examined and Approved by MOFCOM/COFTEC JV Contract Post-Establishment Matters

    Reservation of the Company Name

    Obtaining Company Seals Registration with Tax Bureau, Financial Bureau, Customs and SAFE, etc. Opening Bank Accounts

    Important Laws
    Double Taxation Avoidance Agreement Bilateral Investment Treaty Labor Contract Law Rules for the Administration of Employment of Foreigners in China, Foreigners Employment Certificate

    Thank you

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