PROFESSIONAL COMMENT----SHANGHAI JOINT-VENTURE
OVERVIEW OF JV
JV means the joint venture enterprise, which is qualified as Chinese legal corporation and jointly invested by the company, enterprise and other economic organization or individuals from a foreign firm(include Hong Kong, Macao or Taiwan ), and the company, enterprise and other economic organization in mainland of China.
Joint ventures are also widely used by companies to gain entrance into foreign markets. Foreign companies form joint ventures with domestic companies already present in markets the foreign companies would like to enter. The foreign companies generally bring new technologies and business practices into the joint venture, while the Chinese companies provide land or factory.

ADVANTAGES OF JV
1.From the angle that foreign businessman make the investment , 1,resource-sharing, have complementary advantages;
2.Free and independent rights in declaring at the Customs , enjoy the favor in the equipment and goods imports and exports;
3.Enjoy the ability to launch the business formally without many restrictions;
4.Utilizing Chinese resources directly.

REGISTERED CAPITAL
Total capital must be more than 1 million, and foreign investors must account for more than 25% of the total registered capital. And in the first period, foreign parts and Chinese parts must pay 15% of what each part should pay within 3 months.

DOCUMENTS REQUIRED
3-5 company names and detailed business scope, as well as following material:
1.Foreign businessman's investor's registration certificate and commercial card(copy);
2.Bank reference letter for each investing part in English and Chinese;(issued within 6 months by the bank)
3.Resolution of board of directors;
4.Passport of legal representative (copy), 2 piece of photos, or Hong Kong ID card;
5.Leasing contract (2 originals and 6 copies);
6.Material of invest company and directors, e.g. Hong Kong Company should provide anniversary of Hong Kong company.
7.Appointed letter of president and board
8.Feasible reports, certified incorporation, contracts between Chinese part and foreign part, in case of two investors, agreement is needed, including rights, responsibility, proportion of investment and some relevant issues and regulations.
9.Letter of authority entrust for company registration (original).

PROCEDURES
Fill the application form→Advanced payment→Provide relevant material→Register approval files in relevant government departments→ Advanced approval for special industry →Industrial and commercial business license→National tax , local tax→Enterprises organize the code card (IC card) →Public security bureau seal→Basic account number of the bank→Handle the registration card of the foreign currency→Handle the registration card of the customs.

OUR SERVICE
Here are what you can get after registration as follows:
approval file of Foreign Economic Relations and Trade office //Approval files//Business license//National and local tax certificate //Registered application form for national and local tax//Application form for seals//Certified incorporation//Environmental protection written instructions or comments of //Organize code card of enterprise (IC card) //Foreign currency registration card // Basic bank account number // Customs registration card //Official seal , signet , chapter , the customs declaration chapter .

TIME NEEDED
80 working days or so.

SERVICE PRICE
Service charges + government expenses ( as actual invoice to pay).