Asia
Joint ventures with state linked Chinese partners, China
JV structures unlock sectors closed to wholly foreign ownership. Telecoms, education, certain logistics. CSRC and PBoC approvals are part of the path, not an obstacle, when the local partner brings the licence.
JV structureCSRCPBoC approvals
Start setup {placement} 4 min · no card required
Corp tax
25%
Fastest setup
4 months
Tax treaties
110
Region
Asia
What you'll need
- Resident director required
- Local registered office required
- Economic-substance test applies
- Minimum capital: CNY 100,000
- Administrative language: Mandarin
- Legal system: Civil law
Tax and treaty profile
- Corporate tax 25%
- Effective rate ~15%
- Tax treaties 110
- VAT rate 13%
- Withholding on dividends 10%
Key treaty partners
USAUKGermanyFranceJapanKorea
Banking and payments
- Banking takes 2 to 4 weeks with KYC
- Stripe not supported
Considerations
If clean cross border banking matters more than market access
Capital controls under PBoC restrict free profit repatriation, Stripe and Mercury do not operate, and FX conversions need SAFE clearance. Most non China facing founders are better served by a gateway rather than a mainland entity.
PBoC capital controlsNo Stripe or MercurySAFE clearance for FX