FIPE Establishment in Nanchang

FIPE Establishment in Nanchang

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Nanchang, the capital of China’s Jiangxi Province, is the political, economic, cultural, scientific & technological center of the Province. Nanchang has perfect industrial facilities and complete industrial systems, which lays a solid foundation for the manufacturing.Nanchang’s core strategy is striving to create a modern manufacturing base. Many world top 500 enterprises have their presence in Nanchang which is becoming the best place to undertake the industrial transfer from developed coastal cities of China and developed counties.

There are many investment ways to invest in Nanchang, establishing a partnership enterprise by foreign enterprises or individuals is one of the ways to choose for foreigners’ investment in Nanchang.The Administrative Measures for the Establishment of Partnership Enterprise in China took effect on March 1, 2010, are known as by foreign enterprises or individuals.

Partnership enterprise refers to general partnerships and limited partnerships which may be established within China by individuals, legal persons and other organizations. Meanwhile, a state-owned company, state-funded company, listed company, public welfare-oriented public institution or social organization may not become a general partner of a limited partnership.There's no required minimum registered capital for a Partnership Enterprise (PE) in China

The Foreign Invested Partnership Enterprise (PE) is an unlimited liability business entity without minimum requirements on registered capital formed by several partners, at least one of whose partners is a foreign investor.Foreign-invested Partnership Enterprise (FIPE) is an unlimited liability business entity. Both foreign individuals and legal entities can be partners of a FIPE.

There are three different types of the Foreign Invested Partnership Enterprise (FIPE)

General partnership Enterprise (GPE)
A 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.

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.

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.

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