A: Foreign traders, manufacturers, shipping agents, economic organizations and other groups shall report, according to their nature of the business, to the Ministry of Commerce (Mofcom) or other relevant ministries, committees or bureaus which are authorized for the examination and approval of the setup of resident offices. Proxy authorized by Mofcom will go through the [...]
A: In accordance with the “Provisions on Guiding Foreign Investment Direction”, any of the following projects is prohibited to be invested in:
1) those that harm the national security and social public interests;
2) those that cause environmental pollution, or do great damage to natural resources and wealth or people’s health;
3) those that occupy a great deal [...]
A: Wholly foreign owned enterprises are permitted to register in cases where at least half of their annual output is exported or if the nature of their operations relies heavily on advanced technology and the application of this high technology is beneficial to China. Approval to establish a wholly foreign owned enterprise is granted much [...]
A: In a cooperative venture, the parties involved may operate as separate legal entities and bear liabilities independently rather than as a single entity. A cooperative venture may also be registered as a limited liability entity resembling an equity joint venture in operation, structure, and status as a Chinese legal entity.
There is no minimum foreign [...]
A: Equity joint ventures are the second most common manner in which foreign companies enter the China market and the preferred manner for cooperation where the Chinese government and Chinese businesses are concerned. Joint ventures are usually established to exploit the market knowledge, preferential market treatment, and manufacturing capability of the Chinese side along with [...]
A: It is naturally most important that foreign investors understand the procedures which need to be followed in order to establish foreign- funded enterprises in China. The regular steps which must be taken in this regard shall now be examined.
(1) Choice of Projects, Co- operation of Partners and Relevant Office Approval
The logical first step for [...]
