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In accordance
with the provisions of the Law of the People's Republic of China
on Chinese-Foreign Joint Ventures, these Procedures are
formulated in order to carry out the registration and
administration of Chinese-foreign joint ventures and to
safeguard their lawful operations.
A
Chinese-foreign joint venture that has been approved by the
Foreign Investment Commission of the People's Republic of China
shall, within one month after approval, register with the
General Administration for Industry and Commerce of the People's
Republic of China.
The General
Administration for Industry and Commerce of the People's
Republic of China shall authorize the administrative bureaus for
industry and commerce of the provinces, autonomous regions and
municipalities directly under the central authority to handle
registration procedures for Chinese-foreign joint ventures
within the areas under their jurisdiction, and business license
shall be issued after examination and approval by the General
Administration for Industry and Commerce of the People's
Republic of China.
A
Chinese-foreign joint venture that applies for registration
shall present the following documents:
(1) The
document of approval issued by the Foreign Investment Commission
of the People's Republic of China;
(2) Three
copies each of the Chinese and foreign language texts of the
joint venture agreement and contract signed by the parties to
the joint venture and its articles of association; and
(3) A copy of
the business license or other documents issued by the competent
department of the government of the country (or region) from
which the foreign joint venturer(s) come.
When a Chinese-foreign joint venture applies for
registration, it shall fill out three copies each of a
registration form in Chinese and a foreign language. The main
items of registration shall be: the name of the venture, the
address, the scope of production and operation, the form of
production and operation, the registered capital and the
proportion to be provided by each party to the joint venture,
the chairman and vice- chairman of the board of directors, the
president and vice-presidents or the factory manager and deputy
factory managers, the number and date of the document of
approval, the total number of staff and workers and the number
of staff and workers of foreign nationality. |
China in Brief
