Standing Committee of the National People's Congress, Decision on Revising Four Laws, Including the «PRC Wholly Foreign-owned Enterprise Law»
全国人民代表大会常务委员会关于修改《中华人民共和国外资企业法》等四部法律的决定
November 14, 2016 | BY
Susan Mok &clp articles &The negative list administration model for foreign investment expanded nationwide.
Promulgated: September 3 2016
Effective: October 1 2016
Main contents: The Standing Committee of the National People's Congress has decided that the establishment of, and changes to, foreign-invested enterprises and Taiwan-invested enterprises that do not involve the implementation of special administrative measures for access specified by the state will change from being subject to administration by way of examination and approval to administration by way of record filing. This signifies that the pre-access national treatment and negative list administration model for foreign investment will no longer be limited solely to the pilot free trade zones, but will be implemented nationwide.
Repealed legislation: Decision on Authorizing the State Council to Provisionally Adjust the Administrative Examination and Approval Specified in Relevant Laws in the China (Shanghai) Pilot Free Trade Zone, 2013 and Decision on Authorizing the State Council to Provisionally Adjust the Administrative Examination and Approval Specified in Relevant Laws in the China (Guangdong) Pilot Free Trade Zone, China (Tianjin) Pilot Free Trade Zone, China (Fujian) Pilot Free Trade Zone and the Extended Area of the China (Shanghai) Pilot Free Trade Zone, 2014
clp reference:2300/16.09.03 promulgated:2016-09-03 effective:2016-10-01Promulgated: September 3 2016
Effective: October 1 2016
Main contents: The Standing Committee of the National People's Congress has decided that the establishment of, and changes to, foreign-invested enterprises and Taiwan-invested enterprises that do not involve the implementation of special administrative measures for access specified by the state will change from being subject to administration by way of examination and approval to administration by way of record filing. This signifies that the pre-access national treatment and negative list administration model for foreign investment will no longer be limited solely to the pilot free trade zones, but will be implemented nationwide.
Repealed legislation: Decision on Authorizing the State Council to Provisionally Adjust the Administrative Examination and Approval Specified in Relevant Laws in the China (Shanghai) Pilot Free Trade Zone, 2013 and Decision on Authorizing the State Council to Provisionally Adjust the Administrative Examination and Approval Specified in Relevant Laws in the China (Guangdong) Pilot Free Trade Zone, China (Tianjin) Pilot Free Trade Zone, China (Fujian) Pilot Free Trade Zone and the Extended Area of the China (Shanghai) Pilot Free Trade Zone, 2014
clp reference:2300/16.09.03 promulgated:2016-09-03 effective:2016-10-01This premium content is reserved for
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