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Doing business in China,while lucrative,can be a mine-field to the uninitiated.Each month,for the coming months,Deloitte will provide specific information to give businesspeople the tools they need to facilitate the process.In the December issue we overviewed the seven legal forms for foreign direct investment into China and compared five of these forms in detail,namely:representative office(RO),wholly foreign-owned enterprise(WFOE),equity joint venture(EJV),cooperative joint venture(CJV)and foreign-invested partnership(FIP).This month we focus on the procedures to establish these legal vehicles.Although a CJV can be in the form of an incorporated entity or a contractual cooperation arrangement(i.e.a non-legal person),
Doing business in China, while lucrative, can be a mine-field to the uninitiated. Each month, for the coming months, Deloitte will provide specific information to give businesspeople the tools they need to facilitate the process. The December issue we overviewed the seven legal forms for foreign direct investment into China and compared five of these forms in detail, namely: representative office (RO), wholly foreign-owned enterprise (WFOE), equity joint venture (EJV), cooperative joint venture (CJV) and foreign -invested partnership (FIP) .This month we focus on the procedures to establish these legal vehicles. Although a CJV can be in the form of an incorporated entity or a contractual cooperation arrangement (iea non-legal person),