04 October 2016 China simplifies administrative procedures for foreign investment enterprises Effective October 1, China's Ministry of Commerce (the MOC) will adopt a new simplification regime, referred to as a record filing system which repeals the current pre-approval procedure required for a foreign investment enterprise (FIE) with the MOC, provided that the foreign investment is not to be made in one of the industry sectors specified in the "negative list." However, the FIE is required to file, with the MOC, corporate events such as formation, demerger, merger, liquidation, shareholder change, capital increase, and other changes made to the basic information. A Tax Alert prepared by EY's Global Tax Desk Network, and attached below, provides additional details. Document ID: 2016-1689 |
