BRIGHTURE

"Joint ventures are usually established to exploit the market knowledge, preferential market treatment, and manufacturing capability of the Chinese side along with the technology, manufacturing know-how, and marketing experience of the foreign partner."

EJV (Equity Joint Ventures)

Equity joint ventures are the second most common manner in which foreign companies enter the Chinese market. There are specific requirements for the management structure of a joint venture but either party can hold the position as chairman of the board of directors. A minimum of 25% of the capital must be contributed by the foreign partner(s). There is no minimum investment for the Chinese partner(s).

CJV (Cooperative Joint Venture)

In a Sino-Foreign Cooperative Venture (also known as Contractual Joint Venture), the parties involved may operate as separate legal entities and bear liabilities independently rather than as a single entity. A cooperative venture may also be registered as a limited liability entity resembling an equity joint venture in operation, structure, and status as a Chinese legal entity.

On average, the operation of a joint venture is limited to a fixed period of time from 30-50 years. In some cases an unlimited period of operation can be approved, especially when the transfer of advanced technology is involved.

We will help to:

Organize the work and resident permits for the legal representatives Gain approval and corresponding certificates from various authorities (Planning Bureau, Public Security Department, Foreign Economic and Trade Bureau etc.) Gain approval from the Industrial and Commercial Registration Office to use company name Provide a Capital Verification report Submit documents to relevant authorities Research project feasibility Advise on labor contract laws

After a joint venture is registered, the entity is considered a Chinese legal entity and must abide by all Chinese laws. As a Chinese legal entity, a joint venture is free to hire Chinese nationals without the interference from government employment industries as long as they abide by Chinese labor law.