What approval procedures are needed to set up a Qualified Foreign Limited Partner (QFLP)?

Foreign applicants for setting up a QFLP must comply with The Measures for Administration of the Establishment of Partnership Enterprises Within the Territory of China by Foreign Enterprises or Individuals and The Provisions on the Registration of Foreign-funded Partnership Enterprises. Approval procedures are as follows: (1) Company name verification by Shanghai Industrial and Commercial Bureau: Applicants submit company name materials to Shanghai Industrial and Commercial Bureau office (2) Registration with Shanghai Industrial and Commercial Bureau: Applicants submit company set-up materials to the Shanghai Industrial and Commercial Bureau office (3) Inspection by Shanghai Financial Services Office: Shanghai Industrial and Commercial Bureau seeks opinions from the Shanghai Financial Services Office with regard to setting up the company (4) Registration with Shanghai branch of the State Administration of Foreign Exchange: company complete registration procedures with relevant registration documents.