Foreign Businesses in China Get Fast-track Registrations

Posted by Joachim Bartels | Jul 25, 2014 | Business Information, Business Intelligence, China, Country Risk Information, Governance & Compliance, Public Sector Information, Worldbox | 0 |

China’s state Ministry of Commerce (MoC) has said it will substantially relax incorporation requirements for foreign investment in the country, so Foreign-invested Enterprises can be set up more quickly and cost-effectively.

The MoC made the announcement in a recent note entitled the “Circular on Improving the Examination and Management of Foreign-invested Enterprise (FIE) Approval” in which it pledged to abolish requirements on the ratio of initial capital contributions for foreign firms.

Eligible Foreign-invested Enterprises will consequently be able to file registration requests without having to inject any initial capital on incorporation, when setting up in China.

Additionally, stakeholders in these new enterprises will be able to decide on the amount, method and deadline for capital subscriptions themselves.

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Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

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