China Partnership Enterprise Formation
Setting up a China Partnership Enterprise
How to expand your business to China by setting up Wholly Foreign Owned Enterprise.
No Real Office Needed
No Registered Capital Required
No Need to Visit China
Set-up in 30 working days
EXCLUSIVE TO CORPORATION CHINA
Welcome to China
Joyce Li
MISS UNIVERSE
What can aChina Partnership Enterprise be used for?
The Foreign Invested Partnership Enterprise (PE) is an unlimited liability business entity without minimum requirements on registered capital.
The term partnership enterprise refers to general partnerships and limited partnerships which may be established within China by individuals, legal persons, and other organizations.
Partnership Enterprise
Protects Intellectual Property& Trademark
Consulting Company
The Chinese market is vast and is still in expansion. For that reason many companies rely on consulting firms to help them efficiently operate in the Chinese market.
Trading Import & Export
China is the world’s Factory and Import and Export is one the largest markets. Import goods to China to sell directly in the Chinese Market or Export products Worldwide. Corporation China will establish a trading company with a Import Export License in 30 working days.
Food & Beverage
The Food and Beverage (F&B) industry is growing rapidly in China. During the past decade the industry has grown at a rate of 30%. As a result of the increasing demand for new products and services, foreign entrepreneurs fell encouraged to enter the Chinese market.
Manufacturing Factory
A China Manufacturing Company can be used for expanding your sourcing platform and keeping direct control of logistics for selling products overseas./span>
China Partnership Enterprise Formation
100% OWNED
30 WORKING DAYS
NO REGISTERED CAPITAL
The term partnership enterprise refers to general partnerships and limited partnerships which may be established within China by individuals, legal persons and other organizations. A state-funded company, state-owned company, listed company, public welfare-oriented public institution or social organization may not become a general partner of a limited partnership. Following are different types of FIPE:
1. General partnership Enterprise (GPE)
General partnership enterprise may be formed by general partners who bear unlimited joint and several liability for the debts of the partnership. The general partners share unlimited liabilities for the debt of the partnership.
2. Limited partnership enterprise (LPE)
A limited partnership enterprise is formed by a combination of general partners and limited partners where the limited partners bear the liabilities for the partnership’s debts to the extent of their capital contributions.
3. Special General Partnership enterprise (SGP)
A special general partnership enterprise resembles a general partnership except that it must be a professional service institution offering services requiring professional knowledge and special skills. The structure shields co-partners from liabilities due to the willful misconduct or gross negligence of one partner or a group of partners. It is very similar to limited liability partnership in Europe and America.
HOW CAN WE HELP ?
Our Turnkey solution starts with first analyzing your business scope and operation and then strategizing the best legal and marketing path forward
MAKE YOUR BUSINESS PLAN
Our team has helped to develop business plans for entrepreneurs, regional managers, and large multinational corporations. These studies are aimed at empowering our clients and providing them with a clear outline on how to run a robust business plan in China.
OPEN A BANK ACCOUNT
Our team has helped to develop business plans for entrepreneurs, regional managers, and large multinational corporations. These studies are aimed at empowering our clients and providing them with a clear outline on how to run a robust business plan in China.
SET UP YOUR COMPANY
Make sure you explore China by making use of all tools and resources available for your business. Take control over your businesses operations, revenue and profit targets with a team of experts to help you set it up.
SUPPLY THE REGISTERED ADDRESS
Why use a registered address? A Registered Address is a good way to register your Chinese Company as you do not need to rent an expensive office. Its is also legally required to have an address to register a company in China.
China economy grew 6.8% in the first quarter of 2018, topping expectations
$1.84 trillion
China Consulting market grows 12% to $ 4.5 billion.
- China’s consulting market outpaced its economy last year, presenting a double digit growth and reaching a total market value of $4.5 billion. The Chinese consulting industry is now larger than its international equivalents in France and Australia.
- As the world’s fastest growing economy, China has become an economic superpower. As a result, it has continued to attract a flood of management consulting companies. All keen to tap into the booming market.
- China stands to make further ground on the world’s second largest consulting industry as a new market opens up in China’s western provinces.
Whats needed to start a China Partnership Enterprise
China Partnership Enterprise Formation
When setting up a company in China, there are numerous things to consider and hence it is important to seek appropriate legal help. Corporation China has developed an unparalleled expertise in this area and can provide you with everything necessary to set up your consulting company. Corporation China offers first class solutions to all of the following requirements.
- Corporation China is the Largest Foreign Direct investment firm is Asia Pacific. [wikipedia]
Location
In China, prospective clients and business partners will often ask you where is your company located in China. Hence, a good location is an asset. At Corporation China, we offer excellent solutions for this through our Virtual Office System China Presence™ or our China Virtual Entity™ system.
- With offices in 44 locations across China, our closed office is never far away.
Bank Account
Due to existing restrictions on international money transfers in China, your mainland-based clients will only be able to pay you within China. Therefore, a bank account in which local companies can transfer you Chinese RMBs is necessary.
- Corporation China can Guarantee a Bank Account for all our clients.
The Advantages of Establishing a PE
- No corporate income tax for partnership enterprise;
- No requirements on minimum registered capital;
- Fewer procedures comparing with Wholly Foreign Owned Enterprise or Joint Venture
- The capability of converting RMB profits to US dollars for remittance to its parent company outside of China;
- Foreign Enterprise or Individual is allowed to establish a Partnership Enterprise with Chinese individual (While Chinese individual is not allowed to have Joint Venture with a foreign investor)
- The profit distribution of a PE could follow an informal negotiated agreement or abide by the scheme adopted in the partnership agreement (While for LLC, profit distributions is according to the percentage of investment of shareholders)
The Disadvantages of Establishing a PE
- Unlimited liability; A partnership must pay all its debts with property contributed to the partnership by the partners. If the partnership is a general partnership then the partners bear joint and several liabilities;
- Limited business names options: Can’t have a business name with “Company” in it, eg, can’t have name lie XYZ Co., or XYZ Co., Ltd. and could only choose names like XYZ Firm (PE), XYZ center (PE)
- Property rights of partnership enterprise are difficult to be transferred to a third party as according to the Partnership Enterprise Law: the property rights of partnership transfer MUST be agreed by all partners in a PE;
- China has not adopted Natural Person’s Bankruptcy system, the credibility of the partners would be hard to maintain if PE involves into a hard situation
- As for the trading business of a PE, since PE is not a general taxpayer, PE can’t get VAT status, and can’t apply for VAT rebate accordingly
Are You Ready
To Start Your Business In China
Get a FREE Consultation with Corporation China lead Company formation experts
AVA ZHOU
Account Manager
Ava's expertise is in Brands entering China and strategy. She has a legal and Marketing background
She speaks English, Chinese and "Australian"
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