The company's foreign investment belongs to the company's operational autonomy, which should be stipulated in the company's articles of association, and there is no need to limit the proportion of investment in the company's net assets by law. In addition, companies should be allowed to invest in other unincorporated enterprises except limited liability companies and joint stock limited companies.
Companies can set up branches. The establishment of a branch company shall apply to the company registration authority for registration and obtain a business license. A branch company does not have legal person status, and its civil liability shall be borne by the company. A company may set up subsidiaries, which have legal personality and independently bear civil liabilities according to law. According to this regulation, a company can not only invest in other limited liability companies or joint stock limited companies, but also invest in other enterprises outside the company.
Generally speaking, companies can only bear limited liability for foreign investment; Unless otherwise provided by law, they shall not become investors who bear unlimited joint and several liabilities for the debts of the invested enterprise. To sum up, according to China's Company Law and Partnership Enterprise Law, except state-owned companies, state-owned enterprises, listed companies, public welfare institutions and social organizations, other companies can become investors with unlimited joint and several liabilities.
Legal basis: Article 15 of the Law of People's Republic of China (PRC) on the Administration of Tax Collection, enterprises, branches engaged in production and business operations established by enterprises in other places and places, individual industrial and commercial households and institutions engaged in production and business operations (hereinafter referred to as taxpayers engaged in production and business operations) shall, within 30 days from the date of obtaining the business license, apply to the tax authorities for tax registration with relevant documents.
The tax authorities shall register the declaration on the day it is received and issue a tax registration certificate. The administrative department for industry and commerce shall regularly notify the tax authorities of the registration and issuance of business licenses. The scope and methods for taxpayers other than those specified in the first paragraph of this article to register tax and withholding agents to register tax withholding shall be stipulated by the State Council.