Business Invitation Bureau of GaoYou Municipal Government In China

Wholly foreign-owned

Equity Join Venture,
Contracted Joint Venture

Submit to bureau of industry and commerce for registration of name in advance

Application for a company's code

Draw up the company's regulations

Draw up feasibility report,contract and regulations

Application for approval of business certificate

Application for approval of business license

● THE RATION OF REGISTERED CAPITAL TO TOTAL INVESTMENT

Total investment	The ration of regstered capital to total investnent
USD 3 million and below	70%
USD 3 million -10 million (Less than USD 4.2 million)	50％(Not less than USD 2.10 million)
USD 10 million-30 million (Less than USD 12.50 million)	40％(Not less than USD 5 million)
Above USD 30 million (Less than USD 36 million)	33.3％(Not less than USD12 million)

Documents for setting up a wholly foreign-owned enterprise and a Joint venture.

l. Application form for setting up the new company. For a JV, it should be letter of intent.

2. Copy of the license of the company who will invest in the new company.

3. Credibility Letter to be issued by the bank in which the company to invest opens its account.

4. Feasibility study report of the project.

5. Articles of Association for the new company.Contract is also requested for a JV.

6. Name list of the members of the director board and their ID copies.

7. Letter of appointment for directors and GM.

8. Other necessary documents(eg.environment evaluation,fire-fighting certiticate,leasing agreement of factory building etc).

Seven copies of the above documents.