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Regulations of the State Council for Encouraging Investment from Overseas Chinese and Compatriots from Hong Kong and Macao
( Promulgated on August 19,1990)

Article 1

Article 2

Article 3

Article 4

Article 5

Article 6

Article 7

Article 8

Article 9

Article 10

Article 11

Article 12

Article 13

Article 14

Article 15

Article 16

Article 17

Article 18

Article 19

Article 20

Article 21

Article 22

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Manifest

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China - Regulations of the State Council for Encouraging Investment from Overseas Chinese and Compatriots from Hong Kong and Macao, 1990

MOFTEC

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Regulations of the State Council for Encouraging Investment from Overseas Chinese and Compatriots from Hong Kong and Macao
( Promulgated on August 19,1990)

Article 19

The application of the establishment of an equity joint venture or a contractual joint venture with overseas Chinese, Hong Kong and Macao investment in the mainland shall be handled by the participant in the mainland, the application for the establishment of an enterprise wholly owned by a overseas Chinese, Hong Kong and Macao investor may be handled by the investor directly or by the investor's relatives and friends or consultant service agencies in the mainland entrusted by the investor. All the application above mentioned shall be submitted to the local department of foreign economic relations and trade or the examination and approval authority under the local people's government.

The examination and approval of an enterprise with overseas Chinese, Hong Kong and Macao investment is subject to the authority limited by the State Council. The departments of foreign economic relations and trade at all levels or the examination and approval authorities under the local people's government shall, within 45 days after receiving all application documents, make a decision of approval or not.

The applicants shall, within 30 days after the receipt of the certificate of approval, apply to the administrations for industry and commerce for registration and obtain a business license in light of relevant procedures for registration and administration.


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