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FIPE stands for Foreign Invested Partnership Enterprise. In Mainland China, there are 4 modes of business presences for foreign investors: WFOE(65%), Representative Office(20%-), FIPE(10%+), Joint Venture(5%). FIPE becomes more and more popular among young entrepreneurs with their new startups in China as it requires no registered capital but the FIPE still could hire people, collect payments, issue invoices, apply for work & residence in China freely. It's not a surprise that most people you meet in China may not know anything about FIPE as it's relative new and government is not promoting on this.

China FIPE Registration-Conditions of FIPE in China

The Minimum number of partners should be 2, there's no requirements on the nationality of a Partner, thus it can be all foreign investors to form a FIPE or Foreign and Chinese partners mixed FIPE. A partnerhip requires a written agreement between the partners.This written agreement must be submitted to the State Adminstration of Industrial & Commerce along with the certified passport copy of the partners. (if applicable) Should it be a general partnership enterprise (GPE)or limited partnership enterprise (LPE) then that shall be mentioned in its name. A LPE may not have less than 2 partners where one of them is a general partner nor may it have more than fifty partners.

China FIPE Registration-A partnership enterprise must meet the following requirements:

1.At lease 2 or more partners ( no requirements on the nationality of a Partner)

2.a written partnership agreement;

3.capital contribution subscribed to or actually paid by the partners;

4.a business name and an office in an office building for the partnership enterprise.

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