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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

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.

Wholly Foreign Owned Enterprise Registration

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.

Wholly Foreign Owned Enterprise Registration

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

Business plan in China

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.

Registered address

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

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FAQ

How much will I need to start ?

Basically the starting fees and Government License fees, Let us know what you intend setting up and we can send you a detailed proposal.

How Fast will the set up take?

Most companies in China quote 3-9 months, BUT Corporation China can normally set it up in under 6 weeks (and we know what the next question will be)

Why can Corporation China set up the Company so quickly?

Its a Chinese word called ” Guanxi. we have been doing this for more than 15 years, have 6000 lawyers and are know as one the top law firms in the world.

What is Registered Capital?

Registered capital is the amount of injected capital that is invested by shareholders in a foreign investment enterprise that is registered in China as is a Tax-Free way to bring capital into China. This registered capital can we used to set up the company and operate it until it starts to make a profit.

How much is the Registered Capital?

NO REGISTERED CAPITAL NEEDED With Corporation China (and only with us) we can arrange a Registered Capital that does not need to be paid up, this means you can choose any Registered Capital, but you never have to inject it, unless you want to.

What is the best structure to use?

The fastest way is setting up a Hong Kong company, as all the documents are already in Chinese and Hong Kong is also a Tax Free zone so all profit can be sent from your China Company to its Holding Hong Kong company, saving of taxes. You can download our WHY HONG KONG PDF 

How to choose a Chinese company name ?

Corporation China can assist your company with that, it can be a “sounds like the English name” ( as in the case of Mcdonalds where it goes by the Chinese name of 麦当劳 Màidāngláo) or a good meaning Chinese company name , but at the end of the day most companies still use their English name for marketing and logos.

Do I need to go to China to get started?

No, we can set 90% up by email at first. You will need to come to open the bank account once the company is near complete, if you are the Legal representative of the company and also to sign some papers at the government office.

Can Corporation China povide a Virtule type office and China Telephone number ?

Yes, we have 44 offices in China, and we can provide you with a Virtual Address to put on your business card and a telephone number answered in your company name  More info

If I contact Corporation China, can you understand me?

At Corporation China we privileged to have staff from all over the world working for us, here are a few the languages we speak: English, Italian, Finnish, Dutch, French, Spanish, German, Portuguese, Russian, Afrikaans, Japanese, Shanghainese, Cantonese and of course Mandarin and some Chinglish (Chinese English).

If I contact Corporation China, can you understand me?

At Corporation China we privileged to have staff from all over the world working for us, here are a few the languages we speak: English, Italian, Finnish, Dutch, French, Spanish, German, Portuguese, Russian, Afrikaans, Japanese, Shanghainese, Cantonese and of course Mandarin and some Chinglish (Chinese English).

Why use Corporation China?

The main reason is not that we the largest, it is that understand your needs as many of our directors are also Foreigner’s that came to China to start a business as you intend to. Yingke began with one office in Beijing and had grown to what it is today. We take that knowledge on how to succeed and use that to help you.

Where are your offices located?

Corporation China has 44 branches in China including Beijing, Shanghai, Guangzhou, Shenzhen, Xiamen, Hong Kong and overseas branch offices in London, Singapore, Switzerland, Lisbon, Cape Town, Dubai and Miami USA See our Contact us

Where are your offices located?

Corporation China has 44 branches in China including  Beijing , Shanghai , Guangzhou , Shenzhen , Xiamen , Hong Kong and overseas branch offices in London , Singapore , Switzerland ,Lisbon, Cape Town ,Dubai and Miami USA See our Contact us

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

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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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CONNECT 

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CONTACT

 

info@corporationchina.com

+86 021 5102 1891 (CN)
+1 253 777 0117 (US)
+44 (0) 20 8133 7773 (UK)
+61(02) 8006 1867 (AU)
+911166482160 (IN)
+852 8191 0881 (HK)

Location

580 West Nanjing Road, office 3506, 35th Floor LL Land Building Jing’an, Shanghai

 

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