Can shareholders of foreign-funded enterprises be locals?

Foreign-invested enterprises can only be composed of foreign shareholders and cannot have Chinese shareholders.

If the enterprise wants to add Chinese shareholders, the nature of the enterprise should be changed to a Sino-foreign joint venture.

For Sino-foreign joint ventures, the Chinese shareholder must be a legal person organization and cannot be an individual citizen.

In short, no matter what, Chinese citizens cannot become shareholders in foreign-invested companies.

Self-employed individuals do not need to prepare a balance sheet.