How To Obtain a Joint Venture Certificate In China
- A joint venture that is applying for registration must complete the application form in three copies. The forms are produced and then distributed in a uniform method from the State Administration for Industry and Commerce. The joint venture must honestly complete the information listed on the form. Chairperson and Vice-chairman of the board directors, or vice-general manager or general manager are to be fully responsible for the information contained in the form.
- The MFTEC will review the documents it has received from different sources and issue an official response to the documents the documents and issues Certificates of Approval to Foreign-invested Companies to qualified businesses within 90 days after the approval of all the documents.
Documents that are required Obtain a Joint Venture Certificate
- A registration or request made by the vice-chairman and chairman members of the board, or both the deputy and general managers (one for each of the Chinese as well as foreign counterparts);
- Certificate of Approval is issued through the State Foreign Investment Control Commission. The ones that have been approved by the municipalities, provinces and autonomous regions that are entrusted with the State Foreign Investment Control Commission must provide the approval certificates issued by the municipalities, provinces and autonomous regions in which they are situated;
- The contract, agreement and the rules for the joint venture (both in Chinese and in foreign languages in three copies);
- The feasibility report on the joint venture
- The valid business certificate issued by the appropriate department of the government in the country (or region) in which the foreign company is located and
- Documents that have been verified regarding construction requirements like environmental protection, urban construction water and power supply etc. issued by the appropriate departments of the government of the county or city where the joint venture is situated.
Office Locations and Contacts
State Administration for Commerce and Industry People’s Republic of ChinaAddress 8 Sanlihe Donglu, Xichengqu Beijing 100820 P. R. China
Phone: +86-10-68010463/68013447
Facsimile: +86-10-68010463/68013447
Email: dfa@saic.gov.cn
Contact
Address
What Are All The Eligibility
Joint ventures that are formed between Chinese as well as foreign investment (hereinafter referred to as “joint ventures”) require registration with the administrative bodies for industry and commerce within the municipalities, provinces or autonomous regions in which they are situated within 30 days of being approved of the Foreign Investment Control Commission of the People’s Republic of China (hereinafter referred to as”the “State Foreign Investment Control Commission”) or the municipal, provincial and autonomous regional governments to which it is entrusted.
Instructions
- A joint venture equity? contract and the articles of association signed by the partners to the venture must be sent to the department of the state responsible for foreign trade and economic relations. known as the exam as well as approval bodies? to be examined and approved. The authorities responsible for approval and examination are required to decide whether or not to either approve or deny the project in the space of three months. If approved, the equity joint venture has to sign up with the state’s governing department that is responsible for commerce and industry? get a business licence and commence the business.
- The municipal, provincial or autonomous regional government for industry and commerce which is responsible for the application should submit an application to the State Administration for Industry and Commerce to approve all forms and documents together with the exam report in addition to keeping an original copy of the contract, agreement and rules for the joint venture. They will also send an additional copy of the documents to administration responsible for industry and commerce of the county in which the joint venture situated.
Requirements Information
- Official Company Name
- Registration Number
- Registered Address
- Business Type
- Established Date
- The Expiry Date for the License
- Legal Representative
- Registered Capital
- Paid-up Capital
- Business Scope
- Registration Bureau
Need to have the Document
A joint venture that is equity-based is a business with limited liability. The foreign investor must contribute at least 25% of the capital capital that is registered.
Information that can be useful
In order to expand international cooperation in economics and technology exchange in the interest of promoting international economic cooperation and exchange, in order to promote international cooperation and exchange of technology, the People’s Republic of China shall allow foreign enterprises, foreign companies and other economic institutions or individuals (hereinafter called foreign joint ventures) to form equity joint ventures in conjunction with Chinese enterprises, companies or other economic entities (hereinafter known as Chinese joint ventures) within the borders of the People’s Republic of China, according to the basis of equality and mutual benefits and subject to the approbation of China’s Chinese Government.
Other uses for the document/certificate
The Chinese Government safeguards according to the law that protects foreign investors in joint ventures, the earnings due to them, and their other rights under law and interests in a joint venture in accordance with the contract, agreement as well as the articles of agreement ratified from China’s Chinese Government.
External Links
The law of People’s Republic of China on Joint Ventures using Chinese as well as Foreign Investment
State Administration for Industry and Commerce People’s Republic of China
Law of the Peoples Republic of China on Chinese-Foreign Equity Joint Ventures
The Laws of the People’s Republic of China on Chinese-foreign Equity Joint Ventures
Ministry of Commerce of the Government of the People’s Republic of China
Other
The equipment and technology supplied by foreign joint venturers for its investment should be technologically advanced and will meet China’s requirements. If losses are incurred by an overseas joint venturer its deceitful practices by knowingly supplying outdated equipment and technology the company will compensate the loss. The Chinese joint venturer’s investments may be accompanied by the right to use of a web site by the joint venture equity during its operation.