Zhuhai company formation is a good way to enter the Greate Bay Area. Zhuhai is located at the southern end of the Pearl River delta and borders the Macau SAR. It has excellent transport links to Guangzhou, Shenzhen, Hong Kong and other hubs in the region. Zhuhai enjoys a mild climate and is a major touristic destination. It also known as one of the best places to live in China by both expatriates and Chinese citizens.
Being one of the original Special Economic Zones established in China, Zhuhai is a popular investment destination for investors both at home and abroad. However, before setting up a business in China, it is recommended to learn about the relevant conditions on China company registration.
Shareholders, Directors and Legal Representatives
The shareholders of a wholly foreign-owned company can be a foreign enterprise or a foreign resident. Shareholders of sino-foreign joint ventures have different requirements for Chinese shareholders that shareholders cannot be a Chinese resident and must be Chinese companies.
A foreign company’s director or executive director may employ mainland residents or appoint foreign individuals.
A foreign capital enterprise shall have a legal representative who may or may not be a shareholder. The legal representative of a foreign-capital enterprise or a sino-foreign joint venture may be a Chinese or a foreigner.
Registered Capital
Since 2014, the ministry of commerce canceled the initial contribution rate, capital contribution ratio and capital injection time limit for foreign investment (including Taiwan, Hong Kong and Macao investment). The amount of capital contribution, means of contribution and term of investment should be agreed upon by the company's investors (shareholders and sponsors) and should be clearly stated in the contract of joint venture and the articles of association of the company.
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Business Scope
When a foreign-funded company is registered, the scope of business must be clearly defined and the scope of its business shall not exceed the scope of its business. The registration of Chinese foreign-funded companies need to be approved by related authorities concerned.
Company Location and Office Space
The registered address of the company must be the office address of the business. It shall provide the lease agreement, the copy of the property certificate and the lease invoice. Tannet can provide you with a registered address in major cities such as Beijing, Shanghai, Guangzhou, Shenzhen, etc.
Intellectual Property Protection
For foreign businesses, intellectual property can be a tricky issue, especially if this is your first time doing business in China. According to the figures released last week, in the first half of 2018, China received 751,000 applications for invention patents, 3.586 million trademark applications, and ten new applications for geographic indications.
In short, you’ll need to register your IP in order to protect it. Otherwise it can be registered and used by others. This will ultimately lead to costly litigation and settlements.
Tannet can help you with intellectual property protection including the registration of trademark, patent and copyright. We offer a wide range of company registration and corporate management services to foreign clients.
Contact Us
If you have further queries, don’t hesitate to contact Tannet anytime, anywhere by simply visiting Tannet’s website english.tannet-group.com, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143512 or 86-755-82143181 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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