| Approval Authorities |
| Friday,January 07,2005 Posted: 10:14 BJT(0214 GMT) |
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The procedure is applied to foreign invested enterprises. The total amount of investment and the production division as described in Catalogue for the Guidance of Foreign Investment Industries are the two major factors dividing central government and local government authorities over the registration approval. State Development Planning Commission, The State Economic and Trade Commission. Ministry of Foreign Trade and Economic Cooperation are responsible for review and approval of projects with a foreign capital of US$ 30 million or above in industry and other projects which require an approval from the authorities under State Council. Government offices of Province, Autonomous Region, Municipalities and Special-planned cities are responsible for: * projects with a total foreign capital of less than US$ 30million in non-restricted categories of industrial catalogue * Projects with a total foreign capital of less than USS 30million but within restricted categories of industrial catalogue which have to be filed to the State Council Offices or upper level offices Projects involving quota issuing and licenses have to undergo application from offices of Ministry of Foreign Trade and Economic Cooperation for such privileges *projects with a total foreign capital of US$ 30 million or above in the State promoted categories without future side effects, which have to be filed in the State Council Offices. |
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