With China's open-door policy, China welcomed and encouraged the foreign investment into China. Since 1993 China has become the second largest FDI recipient in the world and the single largest host country among the developing countries. However, to protect the local industry, China government issued Foreign Investment Industrial Guidance Catalogue from time to time that divides industries into four categories for foreign investment: encouraged, permitted, restricted and prohibited. The latest Catalogue can be found by clicking here.
Our FDI legal team is highly skilled and is able to provide "one-stop" service to the foreign investors. We can advice client on the entry strategy and the selection of investment vehicles (representative office, wholly foreign-owned enterprise, equity joint venture and contractual joint venture) based on the Catalogue and client's specific need, draft incorporation document and internal guideline; go through incorporation procedures with Ministry of Foreign Trade and Economic Cooperation (MOFTEC) or its local agencies; negotiate and draft office and/or factory lease agreement; handle local hiring and expatriates matters with relevant labor administration authority and public security authority; apply for enterprise code, audit and tax certificate, open foreign exchange account with State Administration of Foreign Exchange and apply for and renew business license from administration authority for industry and commerce.
We keep good relationship with officers of MOFTEC and its local agencies, by consulting them and exchanging our understanding regarding specific investment scheme, we are able to structure new investment schemes, including not limited to foreign investment company re-invest with RMB funds and foreign company purchase the equity share of a local company.
We also have experienced attorneys working on FDI in China's central and western region. We can provide advice on government financial support, tax incentives, land and mineral resource policies as well as on specific industry client is interested in investing.
Our FDI legal team is experienced in FDI in the manufacture, infrastructure, public utilities, real estate, domestic trade, consulting, e-commerce, education and medical industries.
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