BC Partners Consulting Limited

On your way to form a Wholly Foreign Owned Enterprise(WFOE) in China, you will be requested to name one legal representative to be listed on the business license. We will elaborate the legal concept, the appointed requirement and the legal liabilities of representative office registration in china . The Legal Concept of China Company's Legal Representative According to the Provisions of the General Provisions of the Civil Law of PRC, in accordance with the provisions of the Articles of Association of the law, the legal representative is the person who represents the company to take in charge of the exercise of the establishment’s functions (article 38). The legal representative system is a kind of legal representative system which is derived from the traditional leadership system of China's state-owned enterprises. China adopts and implements a single legal representative system. Generally, the legal representative and the enterprise do not need to sign labor contract, they h...

Laws & Regulations of China Company Incorporation (1). Registered Capital Registration Regulation： To be feasible to optimize the business environment, China has loosened market subject access control and implemented registration of registered capital for China limited liability company. The registered capital subscribed registration system only refers to the registration authority to register the company total capital contribution of the shareholders (promoter) subscribed registered capital, shareholders’ (promoter) amount of real capital injection (paid-in capital) by the shareholders of a company can be agreed and recorded in the company's articles of association. In the past, China has implemented a registered capital real-pay registration system, which required the shareholders of a company must do capital injection (paid-in capital) in the specified time limit and apply for a certified report of capital verification by the capital verification institution established...