Establishing a joint venture in Shenzhen is one of the choices for foreign investors doing business in Shenzhen. Shenzhen Joint Venture refers to a business entity jointly incorporated by Chinese business entities and foreign parties, which is one common type of foreign investment, others like Wholly Foreign-owned Enterprise (WFOE), Foreign-invested Partnership Enterprise (FIPE), Representative Office (RO) included.
Details to be confirmed for your Joint Venture in Shenzhen
Before your joint venture incorporation, you need to confirm some basic details:
1. Business scope or activities
To start a Shenzhen Joint Venture, business scope or activities you plan to involve is one essential factor you should consider, which directly determine basic direction to your new business start. Some industries like trading, service, and manufacturing are most popular ones. For a joint venture, you may even enter some industries which set quite strict limitations to Wholly Foreign-owned Enterprise (WFOE).
2. Investment bodies
You can register the joint venture in the name of an individual or an legal entity. Different investment bodies may have different impact on your company, like in document preparation for company registration and taxation in the near future.
3. Registered capital
Registered Capital is an initial investment that could be used in your joint venture’s operation after paid into your joint venture’s account. The Chinese government has introduced the capital subscription system, which means the registered capital of your joint venture could be paid up within a certain period of time and meanwhile no initial contribution is required. Therefore, you are not required to get all the investment ready for your JV incorporation at first. It has become one of most attractive policy for foreign business doing in China.
4. Registered address
A registered address is required for Shenzhen Joint Venture registration. You can decide if you use a virtual office or actual office based on the plan of employment or not and your business activities you conduct.
5. Company name
For a Shenzhen Joint Venture (JV), both Chinese and English ones are required, and meanwhile, there are some formats you should follow, such as Shenzhen XXX Limited. You should also go through the company name reservation process and get the Chinese name approved by related Shenzhen government authority.
General Process for Shenzhen Joint Venture (JV)
Once related details of your joint venture are confirmed, you can start the process of incorporation.
A. Checking and preserving the company name;
B. Applying approval certificate for foreign-invested enterprise establishment;
C. Obtaining the Business license;
D. Curving the company seals;
E. Opening a bank account;
F. Applying import and export license, if involved in international trading;
G. Other related special licenses, if any.
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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