Ministry of Commerce, Circular on Delegating Matters Concerning the Examination and Approval of Foreign-invested Commercial Enterprises

商务部关于下放外商投资商业企业审批事项的通知

November 10, 2008 | BY

clpstaff &clp articles &

Approval procedures for commercial FIEs streamlined.

Clp Reference: 5400/08.09.12 Promulgated: 2008-09-12 Effective: 2008-09-12

Issued: September 12 2008
Effective: As of date of issuance

Main Contents: The Circular states that the investment in and establishment of commercial enterprises by foreign investors and the changes to existing foreign-invested commercial enterprises shall be subject to the examination of the provincial-level departments in charge of commerce (Article 1). The Ministry of Commerce shall continue to be responsible for the examination and approval of enterprises that make their sales without physical shops through means such as television, telephone, mail order, the internet, vending machines, etc. and enterprises that engage in the wholesale of audio and video products or the sale of books, newspapers and periodicals (Article 2).

Related Legislation: State Council, Decision on Abolishing or Adjusting a Fourth Batch of Items Subject to Administrative Examination and Approval, 2007

clp reference:5400/08.09.12prc reference:商资函 [2008] 51号promulgated:2008-09-12effective:2008-09-12

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