Can individuals holding US green cards register companies in China?
US citizens can register companies in China by setting up Sino-foreign joint ventures. In the case of setting up Sino-foreign joint ventures, foreign investors need to find a partner in China, and both parties will jointly invest and operate.
When individuals holding US green cards register companies in China, they also need to pay attention to the following:
Qualification certification: You need to provide valid identity documents, such as passports, and apply for registration with the Chinese industrial and commercial administration department. You also need to provide materials such as a certificate of no criminal record
Registered capital: According to Chinese law, foreign investors need to pay a certain amount of registered capital when registering a company in China. Different industries have different requirements for registered capital. Generally speaking, the registered capital shall not be less than RMB 300,000. Foreign investors can choose to pay the entire registered capital in one lump sum or in installments
Business scope: Some sensitive industries such as finance and telecommunications have certain restrictions on foreign investment, so foreign investors need to carefully choose their business scope
Legal liability: After registering a company in China, foreign investors must abide by Chinese laws and regulations. Regulations, once the relevant regulations are violated, the corresponding legal responsibilities will be borne
Tax issues: After foreign investors register a company in China, they need to pay the corresponding taxes and fees in accordance with the provisions of the Chinese tax law. At the same time, they also need to pay attention to the provisions of foreign exchange management to ensure that funds enter and exit China legally
Office address: A fixed office address is required, which should meet the requirements of the local industrial and commercial administrative department
Human resources: After foreign investors register a company in China, they need to recruit employees and handle social insurance and other related procedures for them. At the same time, they also need to comply with the relevant provisions of the Chinese labor law
Investment risks: When foreign investors register a company in China, they need to fully evaluate the investment risks brought about by factors such as the market environment and policy changes. It is recommended that foreign investors consult professional lawyers or accountants before registration to reduce investment risks.