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Sino-foreign Equity Joint Venture (EJV)

Sino-foreign Equity Joint Venture (EJV) is a Limited liability company formed between Chinese investor and foreign investor. The parties agree to create a entity by both contributing equity, and they then share in the revenues, expenses, and control of the enterprise. JV usually been used by foreign investor to engage the so called restricted in areas such like: Education, Mining, Hospital etc.

Documents Required Registration Steps Registered Capital Items Service Range Exemplification

 

Documents Required for EJV Registration:

Chinese partner provides:

  • 2x copies of the IDs of the Chinese and foreign investors
  • 2x copies of Chinese partner's local company business license with company stamp on it
  • 2x copies CPA firm's capital verification report with Chinese partner's company stamp on it
  • 2x copies Chinese partner's last year audit report with company stamp on it
  • 1 x copy board director's name list of the Joint Venture
  • 2x copies of Chinese partner's local company's article of association

Foreign Partner provides:


  • 2x Certificate of Incorporations or Equivalent document certified by Chinese embassy or Chinese consulate overseas for individual investor: The passport copy of Investors need be certified by Chinese embassy or consulate. Double check with us if individual investor is in China currently.
  • 2x Bank Reference Letters from investor’s bank to declare a good standing
  • Passport copy of: (i) Parent company's director (ii) China company's Legal Representative and (iii) China company's supervisor
  • China Legal Representative provides: 6 photos (2 inches size), brief resume
  • Brief introduction of the foreign investor(s) including name, address and telephone number
  • Registered capital; Business Scope; 5 proposed Chinese names of China JV
  • Office address, Lease contracts, real estate proved, and the real estate-related documents required by approval authority
  • Letter of Authorization

Registration Procedures of EJV:

  • Name registration with State Administration of Industry and Commerce (SAIC)
  • Certificate of Approval of Joint Venture by Ministry Of Commerce or Foreign Economical Cooperation Bureau (MOFEC)
  • Apply for Business License with SAIC
  • Chops made by Public Security Bureau (PSB)
  • Organization Code License by Technical Supervision Bureau (TSB)
  • Tax Certificate by Tax Bureau
  • Registration and Approval with State Administration of Foreign Exchange (SAFE)
  • Open Foreign Currency and RMB bank account
  • Inject Capital from investor’s overseas bank account
  • Capital Verification Report by Certified Public Accountant (CPA)
  • Applying for Permanent Business License with SAIC
  • Financial certificate Registration
  • Statistics license Registration

Minimum Registered Capital for EJV:

RMB 100,000~ RMB 500,000 is minimum investment capital for Consulting, Service, Hi-Tech Joint Venture registration

EJV Registration in China

Procedures

Administrative fees
and charges

Registration fee for administrative fees
and charges

Organization Code license

Tax registration

Custom registration

Business license cost

Enterprise fees

RMB currency a/c IC card

Foreign currency a/c IC card

Check capital(base on USD$200,000 capital)

Company seal

[Update] Government fee: Company bulletin fee has been cancelled since Jan. 1, 2009, original bulletin cost was RMB 4,000

Service Range

Service Items

Consulting Sino-foreign Equity Joint Venture (EJV)

Sino-foreign Equity Joint Venture (EJV) setting up

Exemplification

Documents for Approval of Establishment of Foreign-funded Enterprises

The following documents shall be presented by the Chinese partners in applying for the establishment of a joint venture.

  1. Application for the establishment of a      EJV(including Schedule: Applications for approval and administrative licenses authorized by power of attorney, power of attorney authorized by law);
  2. Project proposal of the joint venture together with the approval documents of department in charge;
  3. The feasibility study report as prepared by all sides involved in the joint venture, together with approval documents of departments in charge;
  4. The joint venture's agreements, contracts and articles of association as signed by the cooperators' legal representatives or authorized representatives;
  5. Duplicate proof of subject qualification or proof of identification as a natural person for investors. The Proofs above should be certified by a notary public, and authenticated by the Chinese embassy or consulate of the country of investors. The Proofs above of Hong Kong, Macao or Taiwan Investors should be certified by their native legal notary public;Photocopies of documents of appointment and duplicate proof of identification (or passport) for legal representative; the Business License or the Registration Certificate (one copy on Chinese party), the bank credit certificates for both parties; if a partner is a foreign natural person, the partner shall also present valid documents on its identification, biographical data and capital credibility;
  6. The name list of the cooperative enterprise’s Chairman of the board, Vice-chairman of the board and Directors or chief, vice-chief and committee members of the Joint Management Committee who are agreed by each party (with one original).
  7. Specific regulatory requirements in other documents and other documents required licensing bodies (including: The notification of name pre-approval, etc.).

 

Please contact us for further details. enterprise@godwyngroup.com

 

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