Service-related foreign exchange payment procedures are simplified. Domestic entities and domestic individuals benefit from procedure simplification for contracts below US$5,000 and an increased foreign exchange purchase limits to US$20,000.
The Circular drops the previous acquisition deposit requirement but adds a repatriation requirement where approval procedures are not completed within six months.
Promulgated: May 18 2006Effective: as of date of promulgationMain contents: The catalogue of application documents appended to these Guidelines is the…
Promulgated: May 6 2006Effective: May 8 2006Main contents: The Measures comprise:Part One: General ProvisionsPart Two: Conditions for the Public Offering…
Issued: April 24 2006Main contents: The Implementing Opinions elaborate on how to apply the PRC Company Law, the PRC Regulations for the Administration…
The Opinion clarifies issues such as organizational structure, incorporation form, timing and documentary requirements pertaining to approval applications, registration and capital contributions of foreign-invested enterprises, reinvestment requirements as well as approvals and registration of amendment.
Issued: May 29 2006Effective: as of date of issueApplicability: The term 'due diligence' refers to the process whereby a sponsor conducts a comprehensive…