Dec. 2 – The Shanghai People’s Government released the “Provisional Measures on the Administration of Wholly Foreign-Owned Medical Institutions in the China (Shanghai) Free Trade Zone (hufubanfa  No.63, hereinafter referred to as the ‘Measures’)” on November 13, which specify the requirements and application materials for foreign investors who wish to set up wholly foreign-owned medical institutions in the Shanghai Free Trade Zone (Shanghai FTZ). Detailed information can be found below.
According to the Measures, foreign investors applying to set up a wholly foreign-owned medical institution in the Shanghai FTZ shall be the legal persons that bear civil liabilities independently, and shall have engaged in the investment and management of medical institutions for more than five years.
Moreover, such foreign investors shall meet one of the following conditions:
A wholly foreign-owned medical institution to be established in the Shanghai FTZ shall satisfy the following conditions:
Foreign investors applying to set up a wholly foreign-owned medical institution in the Shanghai FTZ shall submit the following materials to the competent industry and commerce authority in the zone:
The relevant authorities will decide whether or not to approve such application within 40 days and issue the Establishment Approval Certificate for Medical Institutions, Approval Certificate for Foreign-invested Enterprise and Enterprise Business License to qualified applicants.
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