Developments for Foreign Invested Service Companies in the Pearl River Delta

by Zoe Zhou, Manager, Guangzhou, Dezan Shira & Associates

MOFCOM has entrusted the Guangzhou Development District and the Nansha Economy and Technology Development District to approve the establishment of foreign invested service companies. The main industrial sectors involved include non-vessel carriers, construction, printing, construction project design, road transportation, commercial and international goods transportation forwarders.

This will simplify the registration of FICEs (Foreign Invested Commercial Enterprises) applying in these two areas and save time by avoiding the provincial level approval. While, it must be said that other southern cities, like Shenzhen, are also witnessing a noticeable acceleration on the licensing and registering procedures of FICEs, simplification remains a key factor, and can be reached by avoiding sub level approval or delegating local authorities to deal with some authorization.

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This article included in China Briefing Magazine
April 2007: Joint Ventures are Back!	Other articles in this issue: JV Contracts and Articles of Association by Richard Hoffmann, , Dezan Shira & Associates, Beijing The New Franchise Regulations - three major changes by Richard Hoffmann, , Dezan Shira & Associates, Beijing Update on Nanjing development zones by Peter Thomsen, Senior Business Development Associate, Dezan Shira & Associates, Shanghai