What's the difference between Hong Kong-funded enterprises and foreign-funded enterprises?

There are three differences between Hong Kong-funded enterprises and foreign-funded enterprises:

First of all, the overview of the two is different:

1. Overview of Hong Kong-funded enterprises: Hong Kong-funded enterprises are enterprises invested by Chinese mainland and Hong Kong people.

2. Overview of foreign-funded enterprises: Foreign-funded enterprises are the symmetry of "domestic enterprises". Refers to enterprises established in China by foreign investors according to relevant laws and regulations of China.

Second, they have different characteristics:

1, the characteristics of Hong Kong-funded enterprises: meticulous management mode, attention to details, corporate culture of the same origin, similar culture.

2. Characteristics of foreign-funded enterprises: independently and freely implement the globalization strategy of the parent company, regardless of the factors of China investors. Have the ability to formally carry out business, unlike the representative office, there are many restrictions. Issue RMB invoices to customers with RMB as income.

Third, the relevant provisions of the two are different:

1. Relevant regulations on Hong Kong-funded enterprises: The property of a sole proprietorship enterprise is inseparable from the property of the investor, so it cannot independently bear the debts of the enterprise, and its debts shall be borne by the personal property of the investor. Therefore, all sole proprietorship enterprises do not have legal personality.

According to the provisions of the Law on Foreign-funded Enterprises, a foreign-funded enterprise can obtain the legal person status of China as long as it meets the requirements of the Legal Person Law of China. A wholly foreign-owned enterprise, as a kind of foreign-funded enterprise, can also obtain the legal person status of China.

2. Relevant regulations on foreign-funded enterprises: The most important issue in the project document is the business scope of the wholly foreign-owned enterprise. The business scope of all industries in China is very strict and precise. Foreign-funded enterprises can only engage in commercial activities within the permitted business scope indicated in the business license.

If it is necessary to modify, an application should be made and approved. Of course, we should negotiate with the examination and approval department to grant a wider scope of business. Take the consulting company as an example, its business scope includes: investment consulting, international economic consulting, trade information consulting, marketing consulting, company management consulting, technical consulting and so on.

Baidu encyclopedia-Hong Kong-funded enterprises

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