Quanzhou Established Its First Foreign Investment Partnership.

Yesterday, reporters learned from the Municipal Industry and Commerce Bureau, the city

Development form:

It is understood that our first foreign investment partnership is called Quanzhou Hao Wei biological research center, which is a foreign-invested and encouraged biodiesel R & D project, which meets the requirements of establishing a foreign investment partnership.

"The establishment of the center is a breakthrough in Quanzhou's foreign investment partnership, and it is also a sign that foreign investment forms are further enriched, and the registration process of foreign invested enterprises is further simplified."

In addition to registration of Sino foreign joint ventures, Sino foreign cooperative ventures and wholly foreign-owned enterprises (commonly referred to as "three capital" enterprises), foreign investors can register a new type of enterprise - foreign investment partnership, according to the relevant person in charge of the Municipal Industry and Commerce Bureau.

Lowering the threshold: direct registration can be implemented.

"The original foreign-funded enterprises need to be registered before registering, and the new management regulations have once again lowered the entry threshold for foreign-funded enterprises, that is, the application materials submitted by the applicant are complete and conform to the statutory form, and they can be directly registered and issued business licenses."

According to the staff of the Municipal Bureau of industry and commerce, our country has been carrying out a special management system for foreign investment. The direct registration system for foreign partnership enterprises will become a new exploration of our city's access to foreign-related business entities.

"This year, our city has added 77 foreign-funded enterprises. Up to now, there are about 5000 foreign-funded enterprises in the city, and the number of foreign-related business entities and representatives has increased steadily."

According to the responsible person, compared with the original "three capital" enterprises, the biggest feature of foreign investment partnership enterprises is that more than two overseas enterprises or individuals, or overseas enterprises, individuals and natural persons, legal persons or other organizations within the territory can set up partnership enterprises within the territory. This makes it possible for Chinese citizens to jointly establish enterprises with foreign businessmen in the capacity of natural persons for the first time.

Protection of investors: technology partnership recognized

The lowering of the application threshold will not only help expand our city's absorption of foreign capital, but also provide wider channels for our cooperation.

"This will be a great benefit to the textile and garment industry with frequent industry university research cooperation in recent years."

A textile and garment enterprise staff Mr. Wang said that since last year, Quanzhou and Taiwan have carried out extensive production and learning docking on textile fabric research and development. According to statistics, there are hundreds of backbone enterprises in Shishi's textile enterprises, and Taiwan research institutes and their experts have formed an alliance of industry university research institutes. Many backbone enterprises have also established profitable research and development institutions, and some of them have invested in partnership with capital, material goods, technology and technical services.

According to its disclosure, due to the difficulty of application and cumbersome procedures, they often carry out behind the scenes management of enterprises in the form of "nominal partners" to avoid legal restrictions.

In this regard, the industry said that the new regulations in the legal protection of the rights of the actual enterprise partners, which will further increase the strength of foreign technology, funds into the spring enterprises, to provide more powerful scientific research support for the spring enterprises.

Types of foreign invested enterprises

Foreign invested enterprises are a general concept, including all enterprises that contain foreign capital.

1. foreign investment partnership.

Its main legal characteristics are: the establishment of more than 2 overseas enterprises or individuals in China, and the establishment of foreign enterprises or individuals and natural persons, legal persons or other organizations in China within the territory of China.

2. Sino foreign joint ventures.

Its main legal characteristics are: the proportion of foreign capital in the registered capital of enterprises has statutory requirements; enterprises adopt the form of organization of limited liability companies.

Therefore, the joint venture is called equity joint venture.

3. Sino foreign cooperative enterprises.

Its main legal characteristics are: the share of foreign capital in the registered capital of enterprises is not mandatory; enterprises adopt flexible organization management, profit distribution and risk bearing.

Therefore, the joint venture is called contractual joint venture.

4. foreign-funded enterprises.

Its main legal feature is that all enterprises' capital is invested and owned by foreign businessmen.

Related links

Since the reform and opening up, China has always limited foreign investment to the corporate form of corporate system, which is commonly referred to as "three capital" enterprises.

In November 25th last year, the State Council promulgated the "Regulations on the establishment of partnership enterprises in China by foreign enterprises or individuals". The SAIC also issued the regulations on the registration and management of foreign invested partnership enterprises, which was formally implemented in March 1st this year, and opened the door for foreign partners to establish partnerships.