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Nanchang Company Setup

Updated:2018-5-8 17:59:16    Source:www.tannet-group.comViews:845

Nanchang Company setup or set up a company in Nanchang can also be understood as Nanchang corporate formation, Nanchang company incorporation, Nanchang business establishment.

Nanchang is the capital and largest of Jiangxi Province in southeastern China. It is the political, economic, cultural and technological center of the province. Because of its strategic location connecting the prosperous East and South China, it has become a major railway hub in Southern China in recent decades. Its major industries consist of the manufacturer of automobile, metals, electronics and chemicals.

There are several types of business setup or business registration in Nanchang, such as Nanchang Wholly foreign owned enterprise (WFOE), Nanchang Representative office (RO), Nanchang Foreign invested partnerships enterprise (FIPE), Nanchang Cooperative joint venture (CJV), Nanchang Equity joint venture (EJV).

Set up a WFOE in Nanchang
The Wholly Foreign Owned Enterprise, abbreviated WFOE, is a common investment vehicle for mainland Nanchang-based business.

The unique feature of a WFOE is that involvement of a mainland Chinese investor is not required, unlike most other investment vehicles. WFOEs are limited-liability corporations organized by foreign nationals and capitalized with foreign funds.

This can give greater control over the business venture in mainland Nanchang and avoid a multitude of problematic issues which can potentially result from dealing with a domestic joint venture partner.

Set up a RO in Nanchang
A Chinese representative office (RO) is an institute setup in Nanchang, representing its parent corporate for liaison with Chinese counterparts. A RO is not considered to be a separate legal entity.

It cannot directly engage in business operation. However, through which its parent corporate can enter into contracts with its supplier/customers in Nanchang in its own name, but not under the name of RO.

A representative office is popular for those who are willing to enter Nanchang at the test period of business and investment.

Set up a FIPE in Nanchang
The Foreign Invested Partnership Enterprise (FIPE) is an unlimited liability business entity without minimum requirements on registered capital.

A partnership in the People’s Republic of China is a business entity governed by the Partnership Enterprise Law passed by order of the President of the People’s Republic of China to authorize and govern partnership enterprises.

A partnership is a type of business entity in which partners share with each other the profits or losses of the business undertaking in which all have invested.

Set up a CJV in Nanchang
In most respects, Cooperative Joint Venture (CJVs) are structurally similar to Equity Joint Venture (EJVs). Unlike EJVs, however, CJVs can be established either as a limited liability company as a non-legal person, in which the partners are subject to unlimited liability and thus entirely liable for any losses.

The rights and obligations of the JV partners concerning issues such as distribution, investment, operation and sharing of profits/losses and risks are determined by the individual joint venture contract.

Set up a EJV in Nanchang
The corporate form of an EJV is the limited liability company, which possesses the status of a Chinese legal person.

It involves joint investment and operation and the sharing of profits and losses, as well as risks in proportion to the partners’ respective shares in the registered capital.

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