The new Procedures represent China's WTO commitments to remove restrictions against wholly-owned foreign enterprises, high threshold registration requirements, introduce more permissible retail and wholesale activities, and simplifies approval process.
The revised Law encourages increased foreign trade and cross-border services and cooperation by simplifying the approval requirements to trading rights, but imposes new intellectual property licensing barriers.
Issued: February 4 2004Effective: April 1 2004Applicability: The Procedures apply to the issuance, replacement, amendment and regulation of pharmaceutical…
Issued: March 16 2004Effective: January 1 2004Main contents: If a taxpayer provides a deposit or other guarantee equivalent to the amount of tax payable…
The new Regulations opened the advertising market in China to greater foreign participation, and provides a legal guide for gaining more substantial control over their China operations.
National LegislationConstitution and Legal SystemMinistry of Justice Announcement (No.26) (Two Hong Kong Law Firms Approved to Establish Representative…