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Nanchang Virtual Office

Nanchang Business Setup

China Business Formation Service/China Company Formation  
Hotline: 86-755-82143512, Email:tannet-solution@hotmail.com

Nanchang business setup is also called Nanchang company setup, Nanchang company registration, Nanchang Corporate Formation, Nanchang company incorporation, Nanchang business establishment and Nanchang business registration. 

Types of Nanchang Business Setup
1.    Equity joint venture (EJV);  
2.    Cooperative Joint Venture (CJV);
3.    Representative Office (RO);
4.    Foreign invested partnerships enterprise (FIPE). 
5.    Wholly Foreign Owned Enterprise (WFOE);

Nanchang Business Setup-EJV
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.

Nanchang Business Setup-CJV
In most respects, CJVs are structurally similar to 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.

Nanchang Business Setup -RO
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 can not 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.

Nanchang Business Setup-FIPE
The Foreign Invested Partnership Enterprise (FIPE) is a unlimited liability business entity without minium 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.

Nanchang Business Setup-WFOE
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.

Nanchang Business Setup-Procedures for Nanchang Business Setup
1. Pre-approval of the business name is obtained at the local municipal bureau in the city where the business will maintain a physical premise.
2. Obtaining foreign investment approval from the provincial Foreign Economic Relations & Trade Commission
3. Opening a bank account in the intended business name to accept paid-up registered capital
4. Obtaining a Certificate of Registration for the business
5. Obtaining approval to make a company seal
6. Obtaining the company code certificate
7. Registering the business with the Statistical Department in the city where it will open its physical office premises
8. Registering the business with the Tax Bureau in the city where it will open its physical office premises
9. Setting up a corporate bank account to conduct daily transactions
10. Applying for authorisation to print or purchase financial invoices/receipts
11. Buying financial invoices
12. Registering with the Social Welfare Insurance Center in the city where the business will open its physical office premises.

Contact Us
If you have further queries in Nanchang Representative Office, don’t hesitate to contact Tannet anytime, anywhere by simply visiting Tannet’s website www.tannet-group.net or www.companies-registry.net or emailing to tannet-solution@hotmail.com, Hong Kong TEL: 852-27826888   China TEL: 86-755-82143422   NANCHANG TEL: 86-791-88188098




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