The Foreign Investment Law Has Issued The First Business License In Shanghai.

In January 1, 2020, the foreign investment law and the business environment ordinance were implemented simultaneously. The foreign investment law and Its Implementation Regulations are the important foundation for improving the management system of foreign investment and promoting institutional openness. Yesterday, the Shanghai regulatory authorities issued the first business license after the implementation of the new law.

Shanghai Zun Yun Consulting Management Co., Ltd. became the first enterprise to receive business license after the implementation of the foreign investment law. The company was funded by natural persons in China and invested by foreign natural persons. Zhang Liying, the company's administrative manager, told reporters that the implementation of the new law greatly reduced the company's operating costs, brought new partners to the company and brought new opportunities.

Zhang Liying, executive manager of Shanghai Zun Yun Consulting Management Co., Ltd.: In the past, if a foreign businessman wanted to invest, he would first set up an internal capital company by domestic investors, and then foreign businessmen would be able to conduct investment cooperation as a natural person.

It is understood that after the implementation of the foreign investment law and its implementation regulations, there will no longer be the concept of Sino foreign joint venture and Sino foreign cooperation. All enterprises can be classified into limited companies, Limited by Share Ltd and partnership enterprises according to their types, so as to better reflect the consistency of domestic and foreign capital. We should achieve equal rights, equal rules and equal opportunities for foreign and domestic enterprises.

Zhang Liying, executive manager of Shanghai Zun Yun Consulting Management Co., Ltd.: There is also a bright spot in the implementation of the new law, that is, 4 words are forbidden. That means you can have access to China if you are not in the negative list.

Insiders say that the continuous improvement of the legal system of foreign investment is a microcosm of the continuous expansion of the country's opening up. With the implementation of the foreign investment law, the promotion of attracting more foreign investment will continue to emerge in the future.