Beijing Corporate Formation

Beijing corporate formation is also called Beijing company setup, Beijing company registration, Beijing business setup, Beijing company incorporation and Beijing company establishment.

Beijing corporate formation -Beijjing Economic Facts

Area:16,807 km2

Population:19612000

Gross domestic product:1411.4 billion RMB

GDP growth:10.3%

Fixed Asset Investment:549.40 billion RMB

Utilized Foreign Direct Investment:6.4 billion US$

Imports:246.0 billion US$

Exports:55.5 billion US$

Beijing corporate formation --WFOE

Normally the WFOE is Limited Co. A certain rate between the equity capital and the investments is regulated and is according to the sector. Two reports are necessary for the formation of a Ltd. To found a Ltd. You need a project report with the documentation of the project, the aim, etc. as well as a feasibility study. In most of the times both reports can be put together into one document. Next to these reports a good relationship to the government is an advantage. If you follow just the exact rules rather than the Chinese way while founding the company, the formation can take a long time. 

Beijing corporate formation --representative office

The formation of a representative office is for many companies the first step to China. In most of the cases these companies already have a customer base in China and want to support them or get accustomed to the new environment. The representatives are founded out of marketing and promotion reasons in most of the times. A sponsor is necessary for the formation of a representative office in China. This has to be a Chinese company. Mostly the company is founded in cooperation with existing customers or business partners. The problem concerning a representative office is that they are not allowed of signing business deals or contracts. They are not allowed to be involved in any business operations as well as selling products in China. For such activities they need a Chinese company or trade office. The initiation and searching of new business contacts, consultation and perhaps the creation of market studies are their main tasks. 

Beijing corporate formation -joint venture (JV)

In earlier year the Joint Venture was the most common business type for foreign enterprises in China. In some sectors it was and still is necessary for the formation of such a company as a car producer or the aircraft industry. A crucial point for the formation of the JV is to gain market shares, customers and knowledge about the Chinese market through the JV-partner.

Beijing corporate formation --FIE

Setting up a Foreign Investment Enterprise (FIE) is a common method of creating an operation in Asian countries, especially in China. In China, any one of a number of legal entities can be considered FIEs including equity joint ventures (EJV), cooperative joint ventures (CJV), wholly-owned foreign enterprises (WFOE) and foreign-invested companies limited by shares (FCLS). Any one of a number of legal structures under which a company can participate in the foreign economy.

Beijing corporate formation --FIPE

FIPE stands for Foreign Invested Partnership Enterprise. In Mainland China, there are 4 modes of business presences for foreign investors: WFOE(65%), Representative Office(20%-), FIPE(10%+), Joint Venture(5%). FIPE becomes more and more popular among young entrepreneurs with their new startups in China as it requires no registered capital but the FIPE still could hire people, collect payments, issue invoices, apply for work & residence in China freely. It's not a surprise that most people you meet in China may not know anything about FIPE as it's relative new and government is not promoting on this.

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