Ministry of Commerce, Administration of Foreign Investment in the Commercial Sector Procedures
商务部外商投资商业领域管理办法
May 02, 2004 | BY
clpstaff &clp articles &The new Procedures represent China's WTO commitments to remove restrictions against wholly-owned foreign enterprises, high threshold registration requirements, introduce more permissible retail and wholesale activities, and simplifies approval process.
Promulgated: April 16 2004
Effective: June 1 2004
Main contents: The Procedures specify the conditions and procedures for establishment of a foreign-invested commercial enterprise and for opening a store of such enterprise. The Procedures also state the types of businesses that a foreign-invested commercial enterprise may engage in.
Related legislation:PRC Sino-foreign Equity Joint Venture Law (2nd Revision), Mar 15 2001, CLP 2001 No.3 p5; PRC Sino-foreign Cooperative Joint Venture Law (Revised), Oct 31 2000, CLP 2000 No.10 p4 and PRC Wholly Foreign-owned Enterprise Law (Revised), Oct 31 2000, CLP 2000 No.10 p4
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