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Quanzhou Company Registration (JV)

Updated:2018-5-10 16:57:58    Source:www.tannet-group.comViews:170

Quanzhou joint venture registration (JV) is the enterprise that foreign companies, enterprise and other economic organizations or individuals (hereinafter referred to as “foreign investors”) to establish equity joint venture together with Chinese companies, enterprise and other economic organizations (hereinafter referred to as “Chinese partners”) within the territory of the People's Republic of China, on the principle of equality and subject to approval by the Chinese Government.

The Chinese authorities encourage foreign investors to use this form of company in order to obtain exposure to advanced technology and new management skills. In return, foreign investors can enjoy low labour costs, low production costs and a potentially large Chinese market share. Joint Ventures are sometimes the only way to register in China if a certain business activity is still controlled by the government. e.g. restaurants, bars, building and construction, car production, cosmetics etc.

Types of Joint Venture in Quanzhou
1. EJV (Equity Joint Venture)
Equity joint ventures are the preferred investment vehicle for most manufacturing Joint Ventures. Equity Joint Ventures must operate in the form of a Limited Liability Company, which means that the personal wealth and property of the actual individuals who are responsible for the company are shielded from corporate loss.

2. CJV (Cooperative Joint Venture)
In a Sino-Foreign Cooperative Venture (also known as Contractual Joint Venture), the parties involved may operate as separate legal entities and bear liabilities independently rather than as a single entity. A cooperative venture may also be registered as a limited liability entity resembling an equity joint venture in operation, structure, and status as a Chinese legal entity. There is no minimum foreign contribution required to initiate a cooperative venture, allowing a foreign company to take part in an enterprise where they preferred to remain a minor shareholder.

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