Setting up Company in China

China has been a global investment hotspot for several years with more and more foreign investors expanding their business operations into the country.

A reason for this is China’s competitive production cost, sound macro-economic policies, strong economic growth, and favorable business environment.

To encourage foreign investment and protect the legal interests of foreign  investors, China has established a legal system that is being strengthened by numerous domestic legislations as well as bilateral and multilateral agreements.

To fulfill its obligations and commitment as a member of the WTO, China has enacted new laws and constantly revised existing ones to improve its legal     environment for investment.

With its laws and policies on foreign investment being brought into conformity with requirements of the market economy and international rules, China is gradually creating a legal environment that is favorable to foreign commercial interests.

There are four possible forms of incorporation that are permitted to Setting up Company for foreign invested enterprise (FIE):

• Wholly foreign owned enterprise (WFOE) Read more
• Sino-foreign equity joint venture (EJV) Read more
• Sino-foreign contractual joint ventures (CJV)
• Sino-foreign joint stock limited company

The first three enterprises are considered limited liabilities companies in China (except for a CJV in the form of a non-legal person).

Liabilities of shareholders in joint stock limited companies are also limited by their subscribed shares; however, joint stock limited companies are not as commonly used by foreign investors as the first three for the following reasons:

• An FIE joint stock limited company must be approved by the Ministry of Commerce at the central government level

• The approval time is significantly longer and a higher minimum investment amount is required

• The promoters’ shares in a joint stock limited company may not be transferred until one year after its establishment

With over than 7 years experience we helped hundreds of companies to successfully set up in China’s development zones.

What are the TOP 3 Biggest Challenges that foreign companies     face when contemplating doing business in China?

1. Who do you trust? Whether it is a JV partner, company or property owners?
2. How do you navigate application process to Chinese government institutions?
3. How to maintain effective operations after you have set up.

GMG together with its strategic partners proven on the field can assist you:

1. Through due diligence, we counsel on the risk factors.
2. Vast experience obtaining all required licenses, permits and documentation.
3. We are your eyes and ears on the ground ready to be on site and solve issues.

China’s emergence as a world economic power is changing the global political and economic landscape and it is profoundly rebuilding the competitive capabilities of multinational companies.

10 reason that make GMG  your one stop company:

1. GMG Company established in China since 2006, during past 7 years we helped more than 1500 companies successfully established business here.
2. GMG main clients are small and medium enterprises so because of big volume we provide best service fee and can offer unique solution to every client.
3. GMG doesn’t outsource other local company for your service so you can trust us and visit all our offices, see real people.
4. GMG, unlike other companies has professional lawyers that graduated from TOP Chinese universities both International and Chinese graduates. We obtained the license to represent international companies in all courts and offer problem solving service.
5. GMG provides free consultation in our Offices or via Skype interview, we don’t charge fee per hours.
6. GMG is cooperating with famous public organization and organize free webinars or open seminars where any people can learn more about business in China.
7. GMG consultants often invited to the local Chinese TV business shows and newsletters interviews; we are always open to the public.
8. GMG speak next languages: Chinese, Spanish, English, German, French, Italian, and Russian.
9. GMG has a strong international management culture; we are always looking in a future.
10. GMG use the latest IT technology in our daily work, we are always optimizing company working processes.

Contact us for more details.