The Interim Measures On The Establishment Of Sino-Foreign Joint Venture Foreign Trade Companies, Supplementary Provisions

Original Language Title: 《〈关于设立中外合资对外贸易公司暂行办法〉补充规定》

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(On December 7, 2003 Commerce makes 10th, released) to promote Hong Kong, and Macau and mainland established more close trade relationship, encourages Hong Kong service provides who and Macau service provides who in mainland established engaged in foreign trade business of enterprise, according to state approved of Mainland and Hong Kong on established more close trade relationship of arrangements and Mainland and Macau on established more close trade relationship of arrangements, now on on established Sino-foreign joint venture foreign trade company provisional approach
    (Foreign trade and economic cooperation 2003 1th) make the following special provisions: first, with effect from January 1, 2004, allows Hong Kong service providers and Macao service suppliers in the Mainland joint venture, cooperation, and set up wholly-owned foreign trade companies. Second, apply for the establishment of a foreign trade company of Hong Kong service providers and Macao service providers, applications for the first three years the average annual trade in the Mainland should not be less than US $ 10 million.
    Establishment of a foreign trade company in the Midwest in the Mainland, Hong Kong service providers and Macao service providers to apply for the first three years the average annual trade in the Mainland should not be less than $ 5 million.
    Third, Hong Kong service providers and Macao service providers to apply for establishment of a foreign trade company, foreign trade company's registered capital shall not be less than 20 million Yuan, the establishment of a foreign trade company in the Midwest, the registered capital shall not be less than RMB 10 million.
    Four Hong Kong service provider investment in the Mainland and Macao service providers to set up other provisions of the foreign trade companies, according to the implementation of the interim measures on the establishment of Sino-foreign joint venture foreign trade companies.
    Five, the provisions of the Hong Kong service providers and Macao service providers should comply with the Mainland and Hong Kong closer economic partnership arrangement with the Mainland and Macao closer economic partnership arrangement on the "service provider" definition and requirements of the relevant provisions.
    Six, the supplementary regulations by the Ministry of Commerce is responsible for the interpretation.
                                                                                  Seven, of the supplementary provisions shall come into force on January 1, 2004.

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