Ministry of Commerce and Ministry of Civil Affairs, Announcement on Matters Relevant to the Investment in, and Establishment of, For-profit Elderly Nursing Homes by Foreign Investors

商务部、民政部关于外商投资设立营利性养老机构有关事项的公告

December 18, 2014 | BY

clpstaff &clp articles

Foreign investment in elderly nursing homes encouraged.

Issued: November 24 2014

Applicability: The establishment of for-profit elderly nursing homes by investors from the Hong Kong and Macao Special Administrative Regions and Taiwan shall comply, mutatis mutandis, with the requirements of this Announcement. In the case of a conflict between existing provisions and this Announcement, this Announcement shall prevail (Article 14).

Main contents: Foreign investors are encouraged to establish for-profit elderly nursing homes in China as wholly-owned enterprises or as equity or cooperative joint ventures with Chinese companies, enterprises or other economic organisations (Article 1).

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