Malaysia Hotline: +603- 2141 8908
There
are several types of company incorporation in Nanchang, each serves different
functions. We will be able to recommend the best company structure based on the
requirements of the business owner.
Common
Types for Company Incorporation:
1.
Wholly foreign owned enterprise (WFOE);
2.
Representative Office (RO);
3.
Foreign invested partnerships enterprise (FIPE).
4. Cooperative
joint venture (CJV);
5.
Equity joint venture (EJV);
Nanchang Company Incorporation – 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 cannot 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 Company Incorporation -FIPE
The
Foreign Invested Partnership Enterprise (FIPE) is an unlimited liability
business entity without minimum 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 Company Incorporation -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 Company Incorporation –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 Company Incorporation -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.
Contact us
If you have further queries, please contact Tannet
24 hours Malaysia hotline：603-21418908;
24 hours Hong Kong hotline：852-27837818;
24 hours Hong Kong hotline：86-755- 36990589;
Email: mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.net, http://en.tannet.com.my