Zhejiang first foreign invested enterprises in Yiwu the establishment

Reporter learned today from the Commerce and Industry Bureau, zhejiang Province, Zhejiang Province, the first foreign-invested partnership - yiwu city Alibasha Information Services (general partner), has been formally established through the registration of the business sector. This indicates that foreign investors in addition to Chinese-foreign joint ventures registered in Zhejiang Province, Chinese-foreign cooperative enterprises and wholly foreign-owned enterprises are also known as foreign-funded enterprises, it can also register a new type of enterprise - foreign investment partnerships.
From the reform and opening up, China's foreign investment has been the implementation of specific management system, has promulgated the "Sino-Foreign Joint Venture Enterprise Law", "Sino-foreign Cooperative Enterprises" and the "Foreign Law," and foreign investment laws and regulations. Commonly referred to as "three-capital enterprises" will be limited to foreign companies to invest in mainland China in the corporate legal forms of enterprise.
November 25 last year, the State Council promulgated the "foreign enterprises or individuals in China set up a partnership approach to business management", followed by SAIC has also introduced a special "partnership enterprise with foreign investment registration regulations", and this year starting March 1 formally implemented, thereby setting up a partnership with foreign companies to open the door.
Trade and Industry Bureau of Zhejiang Province, according to the person in charge, the biggest foreign-invested enterprises are characterized by a partnership of two or more foreign companies or individuals, or foreign enterprises and individuals with Chinese natural persons, legal persons and other organizations in China may be set up partnerships, This will enable our citizens for the first time in his capacity as natural persons can be jointly set up with foreign companies.
It is reported that, compared with the corporate enterprises, foreign-invested enterprises have set up a partnership is simple, flexible management and other features. Partnership no need verification, there is no limit for registered capital, partner funding broader way. Compared with foreign-funded enterprises, foreign-invested enterprises set up a partnership, change and other business sectors without centralized approval, by the enterprises apply for registration directly to the registration authority. These special provisions not only reduce the examination and approval links, simplifying procedures to facilitate foreign enterprises or individuals in China, setting up partnerships, but also reduces the establishment of partnerships with foreign investment costs and increase foreign investment efficiency of the registration of partnership.
Although foreign investment partnerships in the establishment and operation more convenient, but the responsible person, Zhejiang Industry and Commerce Bureau also pointed out that foreign-invested enterprises and domestic partner of a partnership enterprise, compared to foreign-invested enterprises, there are many areas requiring attention, such as investment bodies registration under the jurisdiction of, industrial policy, the principles of law applicable in such areas are subject to pay special attention to