Company Establishment Checklist
Although this checklist is primarily geared toward the establishment of Joint Ventures, it can be easily adapted to the establishment of Wholly Foreign Owned Enterprises (see the final section of this article) Keep in mind that the following list of documentation and procedures is not necessarily exhaustive. Industry-specific regulations complicate matters in some industries (for example, securities and insurance), examination and approval authorities can be arbitrary, and local differences can be significant. Nevertheless, the following should give you a detailed and fairly comprehensive idea of what is required.
1. Is foreign investment permitted in your industry? Check the Foreign Investment Guidance Catalog, which lists industry sectors in three categories Encouraged, Restricted, and Prohibited. Any sector not listed is classified as Permitted.
The Encouraged category is quite broad, covering over 250 industry sectors. Generally speaking, Encouraged activities conserve energy or raw materials, promote agriculture, or otherwise promote Chinas economic development. Enterprises doing business in the Encouraged category are...
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