Consolidated Measures on Advance Recovery of Investment

by Sabrina Zhang, North China Regional Partner, Dezan Shira & Associates

The PRC Ministry of Finance, with consultation with Ministry of Commerce ("MOFCOM") and State Administration of Foreign Exchange, promulgated Measures for the Examination and Approval of the Advance Recovery of the Investments of Foreign Partners in Sino-foreign Cooperative Joint Ventures ("Measures"), which consolidated procedures for approving foreign partners to advance recover their investment in the cooperative joint ventures ("CJV").

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This article included in China Briefing Magazine

November 2005: Establishing FICE and distributing Products in China

Other articles in this issue: Establishing Foreign Invested Commercial Enterprises to handle Product Distribution in China by Chris Devonshire-Ellis, Senior Partner, Dezan Shira & Associates Total Investment Capital & Registered Capital Allocations in China by Chris Devonshire-Ellis, Senior Partner, Dezan Shira & Associates Pudong's new five year economic development plan by Lulu Zhang, Shanghai Regional Partner, Dezan Shira & Associates Social security payments for Hong Kong, Macau and Taiwanese residents working in the Mainland by Alberto Vettoretti, South China Regional Partner, Dezan Shira & Associates