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Nanchang Business Setup (FIE)

Updated:2018-5-8 17:58:23    Source:www.tannet-group.comViews:213

Nanchang business setup (FIE) refers to foreign invested enterprise registration in Nanchang.  Setting up an FIE is a common method of creating an operation in Asian countries, especially in China. In China, any one of a number of legal entities can be considered FIEs including equity joint ventures (EJV), cooperative joint ventures (CJV), and wholly-owned foreign enterprises (WFOE). Nanchang greatly welcomes all kinds of legal foreign investment.

Types of FIE
There are three forms of incorporation shown as follows:
1. Wholly Foreign-owned Enterprise (WFOE)
A limited liability company registered with foreign capital under Chinese Company Law. WFOE's are among the most popular corporate models for non-PRC investors due to their versatility and unique advantages.

2. Sino-Foreign Equity Joint Venture (EJV)
A limited liability company incorporated by a Chinese partner and a foreign company. The partners share profits, losses and risk in equal proportion to their respective contributions to the venture's registered capital.

3. Sino-Foreign Co-operative Joint Venture (CJV)
A joint venture between a Chinese and a foreign company within the territory of China. The Chinese company provides the labour and land while the foreign company brings in the necessary technology and capital.

Documents Required for FIE Registration (LLC)
(1) Application for Registration of a Foreign-invested Enterprise signed by the Legal Representative;
(2) Approval Notification of Enterprise Name;
(3) Contract & articles of association; Written reply by the governing authority;
(4) Certification of Approval;
(5) Contract of house leasing (lease for more than one year ),and real estate certificate
(6) Reference letter of foreign investors’ banking credibility;
(7) Appointment letter of the members of Board of Directors & their valid ID copies;
(8) Other pertinent documents and credentials.

Documents Required for FIE Registration (FCLS)
(1) Application for Registration of a Foreign-invested Enterprise signed by the Legal Representative;
(2) Approval Notification of Enterprise Name;
(3) Written reply by Ministry of Commerce;
(4) Certification of Approval (duplicate 1);
(5) Minutes of the Founding Meeting;
(6) Articles of Association;
(7) Auditors' report on financial matters relating to the preparations for establishment of the company;
(8)Capital Verification Report;
(9) Certificate of the Legal Representative to hold the post, and his valid ID copy;
(10) Directors, Supervisors & Managers’ certificate of their Appointment, Election or Engagement, and their valid ID copies;
(11) Contract of house leasing (lease for more than one year ),and real estate certificate;
(12) Other pertinent documents and credentials.

Contact Us
If you have further inquires, please do not hesitate to contact Tannet at anytime, anywhere by simply visiting Tannet’s website english.tannet-group.com, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143422, or emailing to tannet-solution@hotmail.com. You are also welcome to visit our office situated in 16/F, Taiyangdao Bldg 2020, Dongmen Rd South, Luohu, Shenzhen, China.

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