PRC Wholly Foreign-owned Enterprise Law (2nd Revision)
中华人民共和国外资企业法 (第二次修正)
Examination and approval lifted for WOFEs not included in the negative list.
(Revised at the 22nd Session of the Standing Committee of the 12th NPC on September 3 2016 and effective as of October 1 2016.)
(第十二届全国人民代表大会常务委员会第二十二次会议于二零一六年九月三日修正,自二零一六年十月一日起施行。)
Article 1: In order to expand foreign economic co-operation and technological exchange and to promote the development of the Chinese national economy, the People's Republic of China shall permit foreign enterprises and other economic organizations or individuals (Foreign Investors) to establish wholly foreign-owned enterprises within Chinese territory, and shall protect the lawful rights and interests of such enterprises.
第一条 为了扩大对外经济合作和技术交流,促进中国国民经济的发展,中华人民共和国允许外国的企业和其他经济组织或者个人(以下简称外国投资者)在中国境内举办外资企业,保护外资企业的合法权益。
Article 2: The term "wholly foreign-owned enterprises" as used in this Law shall refer to those enterprises established within Chinese territory, in accordance with the relevant Chinese laws, with capital provided solely by the Foreign Investor. It does not include branches established in China by foreign enterprises or other economic organizations.
第二条 本法所称的外资企业是指依照中国有关法律在中国境内设立的全部资本由外国投资者投资的企业,不包括外国的企业和其他经济组织在中国境内的分支机构。
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