Source: Yiwu sourcing agent Author: Helan Date: 2011-11-08
Recently, Pakistan Ahmed is very happy, because he got from the City of Industry he and his friends co-registered Yiwu Kashi merchandise firm business license.
Ahmed has been doing business in Yiwu seven years, his company has been enrolled Eminem Texas (Hong Kong) Co., Ltd. Yiwu Office. According to relevant laws and regulations, representative offices of foreign enterprises shall not engage in business activities, so engaging in business activities institutions not only lack of legal basis, to bear the risks of foreign trade is not small. Previously, Ahmed returned to Pakistan every year, evidence for the survival of the company, Chamber of Commerce registration procedures for the continuation of expansion, etc., it is very troublesome.
March 1 last year, the State Council promulgated the New Deal foreign partnership, promulgated the "foreign-funded partnership enterprise registration regulations", allow foreign enterprises and individuals in China to set up a partnership, because its the advantages of low barriers to entry, less pre-conditions, to a large extent solved urgent need of the foreign resident in Yiwu for "foreign body" .
Earlier this year, for the foreign-invested partnerships in the foreign exchange management, taxation, visas and other aspects of the case is not perfect, the City of Industry launched the " co-existence of two-track system of foreign business entities and deputy institutions " that allows the representative of deputy institutions to serve as a business partner or shareholder. This system has broken the "one place one license," the site constraints, to facilitate foreign investors to obtain a visa in the name of representative, the identity of foreign business entities engaged in business activities, while addressing the residence, employment and business problems and effectively guide the intention of operating representative bodies transformed to have legitimate business right bodies.
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