1 post
• Page 1 of 1
Legal Framework for Company Registration in China
The legal framework for company registration in China is governed primarily by the Company Law of the People’s Republic of China, along with regulations issued by the State Administration for Market Regulation (SAMR) and relevant local authorities. This framework provides the legal basis for forming various types of companies, including Wholly Foreign-Owned Enterprises (WFOEs), Joint Ventures (JVs), and Representative Offices.
To , foreign investors must comply with the Foreign Investment Law, which came into effect in January 2020. This law streamlined previous regulations and offers national treatment to foreign investors, ensuring a more level playing field with domestic companies. However, certain industries remain subject to restrictions or prohibitions under the Negative List for Foreign Investment Access.
The registration process includes name pre-approval, business license application, and registration with tax, customs, and banking authorities. Companies must also submit a business scope, Articles of Association, and information about shareholders, directors, and the legal representative.
Compliance with Chinese laws regarding capital contributions, corporate governance, and annual reporting is mandatory. As the regulatory environment can vary by region, engaging a local legal advisor is recommended to navigate the specific requirements and ensure full compliance.
To , foreign investors must comply with the Foreign Investment Law, which came into effect in January 2020. This law streamlined previous regulations and offers national treatment to foreign investors, ensuring a more level playing field with domestic companies. However, certain industries remain subject to restrictions or prohibitions under the Negative List for Foreign Investment Access.
The registration process includes name pre-approval, business license application, and registration with tax, customs, and banking authorities. Companies must also submit a business scope, Articles of Association, and information about shareholders, directors, and the legal representative.
Compliance with Chinese laws regarding capital contributions, corporate governance, and annual reporting is mandatory. As the regulatory environment can vary by region, engaging a local legal advisor is recommended to navigate the specific requirements and ensure full compliance.
Posts: 2
1 post
• Page 1 of 1