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Law of the People’s Republic of China on PartnershipsOrder of the People’s Republic of China No.55The Law of the People’s Republic of China on Partnerships, amended and adopted at the 23rd Meeting of the Standing Committee of the Tenth National People’s Congress of the People’s Republic of China on August 27, 2006, is hereby promulgated and shall go into effect as of June 1, 2007.Hu JintaoPresident of the People’s Republic of ChinaAugust 27, 2006 Law of the People’s Republic of China on Partnerships (Adopted at the 24th Meeting of the Standing Committee of the Eighth National People’s Congress on February 23, 1997 and amended at the 23rd Meeting of the Standing Committee of the Tenth National People’s Congress on August 27, 2006) Contents Chapter I General Provisions Chapter II General Partnerships Section 1 Establishment of a PartnershipSection 2 Property of a PartnershipSection 3 Management of Partnership AffairsSection 4 Relationship of a Partnership to a Third PartySection 5 Entering into and Retiring from a PartnershipSection 6 Specialized General Partnerships Chapter III Limited Liability Partnerships Chapter IV Dissolution and Liquidation of a Partnership Chapter V Legal Liability Chapter VI Supplementary Provisions Chapter I General Provisions Article 1 This Law is enacted in…

The VAT Administration Information System is a circular system composed of six subsystems, which are anti-counterfeiting control invoicing, authentication, filing, crosschecking, verification and cooperative investigation respectively, forming a closed-loop control of VAT special invoices. The system has helped enhance the VAT administration efficiency, improved the quality of taxpayer service, reduced the cost of collection, and prevented tax losses, ensuring steady growth of VAT revenues. It has also contributed significantly to the goals of building a level playing field and maintaining steady growth of tax revenues in China. The VAT Administration Information System consists of six sub-systems: The anti-counterfeiting invoicing sub-system. It employs the numerical code and electronic information storage techniques to increase the system’s capability to detect false VAT invoices. It helps tax administrations to obtain a correct understanding of the seller’s invoicing information, so that tax revenues are monitored and controlled at source. The anti-counterfeiting authentication sub-system. It scans, deciphers and compares the ciphered and plain text images on VAT invoices to authenticate the invoice. The data are then fed into the cross-checking sub-system or the invoice cooperative investigation sub-system. The anti-counterfeiting filing sub-system. It reviews the invoice information submitted by taxpayers and feeds it into the cross-checking sub-system.…

Documents required for registration of foreign-funded companies: 1. Registration application form for companies; 2. Branch company’s application for joining the group; 3. Articles of association of the enterprise group; 4. Certificate of being qualified as a legal person of the new member of the enterprise group; 5. Parent company’s shareholding certificate or investment certificate issued by the member enterprise of the group; 6. Approval document issued by the relevant authority; 7. Other documents. Documents and certificates required for business opening registration for foreign (Area) enterprises engaged in production and operating activities within the territory of China: 1. Application for business opening registration for foreign (area) enterprise engaged in production and operating activities within the territory of China; 2. Project contract; 3. Approval documents or testimonial of the examination and approval authority; 4. Legal business opening certificate of foreign (area) enterprise; 5. Credit certificate of foreign (area) enterprise; 6. Letter of appointment of principal signed by the president or general manager of foreign (area) enterprise; 7. Capital verification report; 8. Articles of association of the foreign (area) enterprise and list of members of its Board of Directors; 9. Operation site (address) using certificate; 10. Other related documents and certificates. Documents for…

Qianhai new investment hotspot. Shenzhen economic development zone.

foreigners to register companies in China Different cities have different registration policies. Here we take Shenzhen as an example to introduce how do foreigners to register companies in China year 2026. In order to expand international economic cooperation and technological exchanges, the People’s Republic of China allows foreign companies, enterprises and other economic organizations or individuals, on the principle of equality and mutual benefit and with the approval of the Chinese government, to jointly establish joint ventures with Chinese companies, enterprises or other economic organizations in China, also known as foreign-funded companies. There are three forms of establishment: 1. Sino foreign joint ventures. 2. Sino foreign cooperation. 3. Wholly foreign-owned enterprises. In Shenzhen, it is popular to register foreign-funded companies, but few knows it. Let’s learn how to register foreign-funded companies. Preparation for foreigners to register companies in China: 1. When registering a foreign-funded company in Shenzhen, the identity certificate of the shareholder shall be submitted, the notarized legal business certificate shall be submitted by the foreign enterprise, and the notarized passport shall be submitted by the foreign individual. 2. if a foreign company is to set up a board of supervisors, it needs three members. If it does not…

KAZAKHSTAN lawyer Kumbayeva Aigerim said she was deeply impressed by Qianhai business environment while she was explaining business registration policies to her foreign clients in 2017, adding that with the issuance of Qianhai’s new development plan, there is no doubt this will continue to improve. Aigerim has been living in China for 10 years, and she started working in Shenzhen at the Sincere Qianhai Law Offices in 2015. “We like Qianhai business environment” “We had two clients from Russia and Ukraine who came to our law offices for consultation on establishing their businesses in Qianhai. My Chinese colleagues and I worked on researching the policies and answering their inquiries in two languages. I found out that it’s faster and easier for businesses to register and get established in Qianhai than other places. In addition, there’s zero value added tax treatment for companies engaged in some specific industries. So, there are more opportunities and preferences for those industries in Qianhai,” she said. Currently, Aigerim’s law firm is organizing all its staff to study the new Qianhai development plan. “When I read the key points and highlights of this new plan, I think this is a great opportunity for cross-border legal services.…

Read on to discover the 9 steps to start a business in China as a foreigner, from picking a location, to hiring your first employees.

Investment promotion refers a series of activities that governments adopt to attract foreign direct investment.Investment promotion includes the following specific types of activities: advertising, direct mail, investment seminars, investment group, participating in the industry fair and exhibition, distributing materials, one-to-one direct marketing, preparing agenda for potential investors, facilitate interaction between potential investors and local partners, acquiring licenses and approval documents from the various government agencies, preparing project proposals, conducting feasibility study, and providing services to investors after the project begins to operate and so on.Investment promotion does not include offering incentives to foreign investors, screening foreign investment or negotiating with foreign investors, although many organizations that are responsible for carrying out investment promotion activities also carry out these kinds of activities. Related Articles Ultimate Guide: How Do Foreigners to Register Companies in China Year 2026 Qianhai new investment hotspot Expat lawyer gives thumbs-up to Qianhai business environment since 2015 9 Steps to Start Business in China as Foreign Company Law of the People’s Republic of China on Partnerships