Malaysia
Hotline: +603-2141 8908
A Cooperative Joint Venture (CJV) is a joint venture between a Chinese
and a foreign company within the territory of China. More and more enterprises
come to register companies in Hong Kong and overseas countries as a testing
ground to win overseas market. Then, based on the testing ground company, they
invest in the mainland aiming at setting up Sino-foreign joint ventures,
enterprises with Sino-foreign cooperation, and wholly foreign-owned enterprises
and forming the pattern of having stores in front and factories behind, which
can not only enhance the corporate image and win the trust of overseas
customers, but also can enjoy the preferential policies of China.
Shanghai CJV
Registration-Company Name for Shanghai CJV
In China, there are restrictions imposed on company name. In the same
trade or business, neither company name nor trade name could be duplicated.
Generally, the name consists of the four following parts: administrative
division (e.g. Shanghai), trade name (e.g. VINI Group), industrial
characteristics (e.g. Business Management) and organization form (e.g. Company
Limited). The name is not available until is verified and reserved by the
administration for industry and commerce.
There are many factors
you need to consider when you name your company:
1. You are required to go to city-level units for endorsement if your
company’s name has words like prefecture-level city;
2. If your company’s name has words like provincial level, you are
required to be endorsed by provincial level units;
3. Names with the word China are needed to be endorsed by the Ministry of
Commerce of China.
Shanghai CJV
Registration-registered and paid-up capital for Shanghai CJV
The minimum registered capital needed for Chinese companies is RMB 30,000
Yuan. The requirement of the registered capital is different according to
companies of different properties. The registered capital can be prepared
within 6 months since the business license is signed. You can also prepare the
registered capital by installment in 1-2 years. If you choose payment by
installments, you are required to pay 20% of the registered capital in three
months, the rest by installments. The specific fixed number of years is decided
by how much the registered capital is.
The registered capital must be prepared according to the company
ordinance, which is required by Regulations of the People’s Republic of China
on Administration of Registration of Companies and Law of Foreign Investment
Enterprises of China.
Shanghai CJV
Registration-business scope for Shanghai CJV
This refers to the specific business transaction of the foreign invested
companies want to operate in Shanghai. The business scope of Shanghai Company
is directly restricted by its company name and registered capital. The more the
registered capital is, the broader the business scope is. The business scope of
Chinese companies is getting broader and broader since China entered the WTO.
Shanghai CJV
Registration-Follow-up Services for Shanghai CJV
1. Issue the capital verification report;
2. After the registered capital is in place, renew the business license;
3. Bookkeeping and tax reporting: tax reporting to the state tax bureau
from the month the tax ;registration certificate is issued.;
4. Audit: Foreign-owned companies conduct an audit each year.;
5. Annual returns: foreign-owned enterprises must go to the relevant
authorities for inspection and approval procedures form March 1 to June 31 of
every year.;
6. Apply for general taxpayer;
7. Change the business information;
8. Work visa;
9. Office lease;
10. Financial and tax planning (for details on Chinese tax, please see
Instructions of Chinese Tax Service)
Tannet Malaysia is an International consultant firm based in Hong Kong, Shenzhen. We provide one stop business solution to those investor who are interested to investment in Asia such as international company registration, international trademark application, commercial secretary services and etc. Kindly contact us for more information on our others services if you are interested.
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