Company Registration China: The Oriental Business Info!

China is one of the world’s leading economies and thus has a certain charm for investors and businessmen from all over the world. The country also provides an attractive business setting for foreigners to set up new businesses or move their current businesses to China. Before company registration in China, it is important that you come up with a good business plan that details the important information about your business in China.

Types of Companies

• Sino-Foreign Equity Joint Ventures (EJV)

This is a limited liability entity which means that the company can sign contracts and sue or be sued. In China, it is important to have Chinese partners willing to jointly invest in and manage the EJV along with their foreign counterparts. Both the parties contribute capital, either in cash or in kind. In some cases, the partners can also contribute in the form of equipment, right to use land, office or factory premises by mutual agreement. They can also choose shareholding in accord with the percentage of equity that each party has brought into the company. Shareholders, both local and foreign, are entitled to dividends. 

• Sino-Foreign Cooperative Joint Ventures (CJV)

A CJV is a partnership. There are two types of CJV. In the first type of CJV, each partner remains a separate legal entity and takes on liability in agreement with the applicable provisions of Chinese civil law. This type of CJV has a joint management setup giving equal rights to all partners.

In the second type of CJV, all of the partners put in their investment and delegate non-investing staff to form a single company that has limited liability.

In both the cases, the partners can choose the rate of recovery of investment by mutual agreement. Also profits are shared equally, irrespective of the each partner’s capital contribution.

• Wholly Foreign-Owned Enterprises (WFOE)

This is a limited liability company with complete legal person status. Foreign investors can set it up independently and don’t need Chinese partners to manage the activities of the WFOE.

Company Registration China: The Procedure

 

Start by getting a notice of pre-approval for the company name. This approval can be had by filling out the relevant form at the local Administration of Industry and Commerce (AIC). Then you will need to open a preliminary bank account. Chinese law states that a new business must open a bank account to deposit the initial capital contribution. This initial contribution has to be at least 20 percent of the planned registered capital of the company.

Next, obtain an organization code certificate. It is the job of the Technology Supervision Bureau (TSB) to issue this certificate to newly registered Chinese companies. You will also need to register with the Tax and local Statistics bureaus. This must be done within 30 days of receiving your business license. This can be done via filing a registration with the local Statistics Bureau. 

Lastly, in order to complete your company registration in China, you will need to set up a separate business bank account.

Company Registration Luxembourg - Start your own Business in Luxembourg

Company in Luxembourg- Excellent Business in a Favorable Environment

Forming a company in Luxembourg can be a smart decision. With all the ease offered, it is no wonder that investors consider Luxembourg their chance to rake in considerably high profits. While there are different types of companies that can be incorporated, the most common ones are SARL (Societe Anonyme a Responsabilite Limitee) and SA (Societe Anonym).

Pre-Requisites for Company Registration in Luxembourg

Formation of a company is incomplete if it is not registered and this is where company registration Luxembourg jumps into the picture. Before moving ahead with the process of registering a company a Luxembourg, the following points should be kept in mind.

·         It is necessary that all corporate documents that are submitted are written in German or French.

·         It is mandatory to have a bank account so as to deposit the capital. Contributions made by the founders will be deposited in this account.

Company Register in Luxembourg

The Trade Register is responsible for registering all the companies and is called Registre de Commerce et des Societes. Primarily, the Trade Register serves as a channel to maintain effective communication between the general public and businesses. Also, it supervises that Luxembourg’s company law is appropriately enforced. More detailed information can be accessed by logging on the official company register’s website.  

Important Points for Company Registration Luxembourg

Take a look at these points so as not to miss any important details.

·         A unique company name has to be selected. In order to make sure that your proposed company name can be used, it is recommended to reserve it. This way, one does need to worry about any issues that may arise later on. 

·         The share capital has to be deposited in the bank account. Minimum amount that can be deposited is 40,000 U.S. dollars. In order to confirm the availability of funds, a bank statement has to be submitted to the Trade Register. 

·         Manager of the company can access the deposited funds only after the company is registered.

·         The company must have at least two shareholders or founders. Their residency (whether company or individual) and status are not taken into account. This means that a legal entity as well as a person can be a shareholder or director in a Luxembourg company. 

·         Each company should have three directors that are responsible for its management. Again, their residency and status are irrelevant. 

·         One of the key aspects of company registration in Luxembourg is having an office that is registered. This is a requirement because it is at this address that the trade register will correspond with the company. Furthermore, any legal notices will be routed to this address.

Important Point

One point that cannot be forgotten is that any company planning to operate in Luxembourg must acquire authorization or a permit from the government of Luxembourg.

Document Requirements

Documents that must be submitted to Trade Register are as follows. 

·         Articles of association

·         Legal address of company

·         Comprehensive information of shareholders

·         Comprehensive information of company’s bank account

It will take only be a matter of few days before anyone can register a company in Luxembourg if they follow all the information provided above.  

Company Registration Europe- Best Jurisdictions to Operate Business

Europe for Business- Where Opportunities Never End

Europe is one continent that never fails to strike a chord with investors. The growth of business prospects in the last few years leave no doubt as to why it is being favored by investors over all others. The continent is one where countless entrepreneurs are cruising along the lines of success, raking profits higher than ever before.

There is no lack of opportunities or funding and the incentives offered are not only meant to give the economy a boost but to help new start-ups gain footing as effortlessly as possible. While every single country in Europe promises a wealth of attractive prospects, there are countries where businesses have grown at an unprecedented rate, thanks to the many favorable conditions and incentives. 

For those planning to register a company in Europe, we have amassed a list of all those counties that can turn your dream of operating a profitable business into a reality. These countries are as follows.

Impressive Ireland

For companyregistration Europe, Ireland is indeed one of the strongest candidates. Being a member of EU (European Union), Ireland houses shops of industry giants such as Apple, Google and Amazon. In addition, what makes it one of the best countries for business operation is the fact that it has a corporate tax rate as low as 12.5%. With just the right choice of registration service provider, anyone can set up a business in this gem of a land.

Convenient Cyprus

Cyprus, being a Mediterranean island, is not only blessed with natural beauty but an abundance of business opportunities as well. This member of EU enjoys a strategic location as it is surrounded by flourishing continents of Asia, Europe and Africa. 

The service sector has the highest contribution in GDP and what gives Cyprus an edge over others is that it can boast of a tax rate which is one of the lowest in the entire continent. Cyprus’ economy is stable and there are no requirements for minimum capital for setting up a business. In short, choosing Cyprus for company registration Europe is a decision that can never go wrong.

Generous Germany

As a country that needs no introduction, Germany prides itself on its per capita GDP which is $37,900. This not only makes Germany the perfect jurisdiction to set up business but has many other advantages for offer. For instance: 

·         Germany has a time zone that is friendly

·         Countless business opportunities

·         All European countries are easily accessible from Germany

·         Opportunities for networking

As far as the type of companies that can be opened in Germany are in question, options are GmbH which is a Limited Liability Corporation, Partnerships, AG which is Stock Corporation, and sole proprietor. All of these company types have their own set of conditions that must be satisfied. This makes Germany a great choice for company registration Europe.

Bottom-line, business in any country in the European continent will have only good to offer. However, if one wants profits that go well beyond expectations, any of the above mentioned jurisdictions can be chosen.