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03 November 2016

China provides further guidance on simplified administrative procedures for foreign investment enterprises

Effective October 1, China's Ministry of Commerce (MOC) adopted a record filing system for the establishment and amendment of foreign investment enterprises (FIEs), which repeals the current pre-approval procedure. On October 8, the MOC released MOC Order [2016] No. 3, The Administrative Measures on Record Filing for Establishment and Amendment of FIEs, providing guidance on the new record filing system. The establishment/amendment/de-registration of FIEs are now only required for an online record filing, provided that the foreign investment will not operate in the industry sectors specified in the "negative list."

A Tax Alert prepared by EY's Global Tax Desk Network, and attached below, provides additional details.

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ATTACHMENT

Full text of Tax Alert 2016-1856

Document ID: 2016-1856

 

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