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There are several types for foreign capital invest in China, cooperative joint venture is one of the type. A Cooperative Joint Venture is a joint venture between a Chinese and a foreign company within the territory of China. Shanghai CJV registration is gaining increasing popularity among foreign investors. Establishing Shanghai cooperative joint venture is not only beneficial to the commerce progress, but also beneficial to enjoy the preferential policies.
Advantages of Shanghai cooperative joint venture registration
1.Access Chinese market rapid through resource sharing,
2.Benefit from the advanced management experience of the joint partners,
3.Expand your enterprise scale by acquiring joint venture funds,
4.Acquire intangible assets of a joint venture and marketing channel
Requirements for Shanghai cooperative joint venture registration
1.The minimum registered capital of the proposed Chinese-foreign joint limited venture is 30 million RMB (if listed, 50 million RMB are required). Shares which foreign (overseas) shareholders subscribed shall not be less than 25% of the registered capital of the company.
2.While establishing a Shanghai cooperative joint venture, there should be more than 5 sponsors, at least one foreign (overseas) for shareholders among them. The others are to be considered as legal persons in China.
3.If a joint venture agreement China is set up in the form of fund-raising, apart from the aforementioned conditions, at least one of the sponsors must have a record of consecutive profits for the first three years of the company's shares.
4.The shares subscribed by the sponsors shall not be transferred within 3 years from the date of the establishment of the company. When the term expires, the initiator shall not violate the provisions of the minimum 25% of the shares held by the shareholders of the foreign party and shall be approved by the original examination and approval authorities.
5.The Chinese side must be a corporate legal person and has been established for more than one year.
6.Foreign side shall either be enterprise or individual.
7.The joint venture in China must conform to the guidance catalogue of foreign investment industry issued by the state council.
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86-18101649652
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