We Can't Wait
Foreign company is in accordance with China's laws in China to set up all the capital is invested by foreign investors run business, is Chinese legal person, in the form of foreign joint ventures and wholly foreign-owned two.
Regulations
Law of the People's Republic of China on Foreign-funded Enterprises
-
Vote Now: Which Money Saving Plan Do You Like Best?
The polls are open! Read the ideas submitted by the SAVE Award Finalists and vote for the one you think will help make the government more effective and efficient and ensure taxpayer dollars are spent wisely.
-
American Jobs Act by the Numbers
Throughout the week, we'll bring you numbers that highlight aspects of the American Jobs Act. Find out what today's number means for communities near you.
-
We the People
We the People is a new way for Americans to create and sign petitions calling on the Obama Administration to take action on a range of important issues. Check it out!
-
The American Jobs Act
Looking to find out how the American Jobs Act will put more people back to work and put more money in the pockets of working Americans? These helpful links have all the information you need.
-
Judicial Delays
The delays President Obama's judicial nominees are encountering on Capitol Hill are unprecedented. Take a look at our infographic that explains the confirmation process and highlights the bottleneck.
-
Introducing the SBA 100
Check out the Small Business Administration's showcase of 100 small businesses that have each created hundreds of jobs with SBA assistance, helping drive our economy forward.
-
Resources on the Debate About our National Debt
This compromise guarantees more than $2 trillion in deficit reduction, and will ensure that as a nation we live within our means, while still making key investments in things that lead to new jobs, like education and research.
-
White House mobile apps
With both an iPhone and Android mobile app, Americans can get alerts directly from the White House, check out behind-the-scenes photos and videos, and read the latest news from the blog or the Briefing Room.
-
Joining Forces
The President, Vice President, First Lady and Dr. Jill Biden launch the national initiative to support and honor America's service members and their families.
-
President Names Richard Cordray to Lead New Agency
President Obama has chosen a former Ohio Attorney General to head the CFPB, a new agency established to arm Americans with the information they need to make smart financial decisions, which launched Thursday, July 21
-
Travels with the First Lady
First Lady Michelle Obama travels to South Africa and Botswana during an official visit focused on youth leadership, education, health and wellness.
-
Resurgence of the Auto Industry
Check out an infographic highlighting some of the key successes in the auto industry since 2009.
-
The Daily Snapshot
Sign up for a quick daily email giving you the photo of the day, the President's schedule, and the best of what you may have missed from WhiteHouse.gov.
-
Tax Cut Calculator
Check out our tax cut calculator to learn how the December tax deal will benefit you, both in your taxes for 2011 and in your paychecks right now.
-
West Wing Week
Come take a look back at the President's third year in office as we highlight behind-the-scenes footage and some of our favorite presidential moments. That's January 1st to December 31st or, "Best of the West (Wing Week)."
-
Health Reform in Action
The health reform law, the Affordable Care Act, is making a difference in the lives of millions of Americans like Erick Moberg. He discusses it in a surprise phone call from the President.
-
Hurricane Irene
President tour areas damaged by Hurricane Irene and reassures residents that the federal, state and local governments will be there to help them rebuild.
-
Veterans Day
The President and First Lady, along with the Vice President and Dr. Biden, honor the men and women who have served our nation in uniform.
Article 1 With a view to expanding economic cooperation and technical exchange with foreign countries and promoting the development of China's national economy, the People's Republic of China permits foreign enterprises, other foreign economic organizations and individuals (hereinafter collectively referred to as "foreign investors") to set up foreign-funded enterprises in China and protects the legitimate rights and interests of such enterprises.
Article 2 As mentioned in this Law, "foreign-funded enterprises" refers to those enterprises established in China by foreign investors, exclusively with their own capital, in accordance with relevant Chinese laws. The term does not include branches set up in China by foreign enterprises and other foreign economic organizations.
Article 3 Foreign-funded enterprises shall be established in such a manner as to help the development of China's national economy; they shall use advanced technology and equipment or market all or most of their products outside China.
Provisions shall be made by the State Council regarding the lines of business which the state forbids foreign-funded enterprises to engage in or on which it places certain restrictions
Article 4 The investments of a foreign investor in China, the profits it earns and its other lawful rights and interests are protected by Chinese law.
Foreign-funded enterprises must abide by Chinese laws and regulations and must not engage in any activities detrimental to China's public interest.
Article 5 The state shall not nationalize or requisition any foreign-funded enterprise. Under special circumstances, when public interest requires, foreign-funded enterprises may be requisitioned by legal procedures and appropriate compensation shall be made.
Article 6 The application to establish a foreign-funded enterprise shall be submitted for examination and approval to the competent department in charge of foreign economic relations and trade under the State Council, or to any other agency authorized by the State Council. The authorities in charge of examination and approval shall, within 90 days from the date it receives such application, decide whether or not to grant approval.
Article 7 After an application for the establishment of a foreign-funded enterprise has been approved, the foreign investor shall, within 30 days from the date of receiving a certificate of approval, apply to the industry and commerce administration authority for registration and obtain a business license. The date of issuance of the business license shall be the date of the establishment of the enterprise.
Article 8 An enterprise with foreign capital which meets the conditions for being considered a legal person under Chinese law shall acquire the status of a Chinese legal person, in accordance with the law.
Article 9 A foreign-funded enterprise shall make investments in China within the period approved by the authorities in charge of examination and approval. If it fails to do so, the industry and commerce administration authority may cancel its business license.
The industry and commerce administration authority shall inspect and supervise the investment situation of a foreign-funded enterprise.
Article 10 In the event of a split, merger or other major change, a foreign-funded enterprise shall report to and seek approval from the authorities in charge of examination and approval, and register the change with the industry and commerce administration authority.
Article 11 The production and operation plans of a foreign-funded enterprise shall be reported to its competent authority for the record.
Foreign-funded enterprises shall conduct their operations and management in accordance with the approved articles of association, and shall be free from any interference.
Article 12 When employing Chinese workers and staff, a foreign-funded enterprise shall conclude contracts with them according to law, in which matters concerning employment, dismissal, remuneration, welfare benefits, labor protection and labor insurance shall be clearly prescribed.
Article 13 Workers and staff of a foreign-funded enterprise may organize trade unions in accordance with the law so as to conduct trade union activities and protect their legitimate rights and interests.
The enterprises shall provide the necessary conditions for the activities of the trade unions in their respective enterprises.
Article 14 A foreign-funded enterprise must set up account books in China, conduct independent accounting, submit the financial reports and statements as required and accept supervision by the financial and tax authorities.
If a foreign-funded enterprise refuses to keep account books in China, the financial and tax authorities may impose a fine on it, and the industry and commerce administration authority may order it to suspend operations or may revoke its business license.
Article 15 Within the scope of the operations approved, foreign-funded enterprises may purchase, either in China or from the world market, raw and semi-processed materials, fuels and other materials they need. When these materials are available from both sources on similar terms, first priority should be given to purchases in China.
Article 16 Foreign-funded enterprises shall apply to insurance companies in China for such kinds of insurance coverage as are needed.
Article 17 Foreign-funded enterprises shall pay taxes in accordance with relevant state provisions for tax payment, and may enjoy preferential treatment for reduction of or exemption from taxes.
A foreign-funded enterprise that reinvests in China its profits after paying the income tax, may, in accordance with relevant state provisions, apply for refund of a part of the income tax already paid on the reinvested amount.
Article 18 Foreign-funded enterprises shall handle their foreign exchange transactions in accordance with the state provisions for foreign exchange control.
Foreign-funded enterprises shall open an account with the Bank of China or with a bank designated by the state agency exercising foreign exchange control.
Foreign-funded enterprises shall manage to balance their own foreign exchange receipts and payments. If, with the approval of the competent authorities, the enterprises market their products in China and consequently experience an imbalance in foreign exchange, the said authorities shall help them correct the imbalance.
Article 19 Foreign investors may remit abroad profits that are lawfully earned from a foreign-funded enterprise, as well as other lawful earnings and any funds remaining after the enterprise is liquidated.
Wages, salaries and other legitimate income earned by foreign employees in a foreign-funded enterprise may be remitted abroad after the payment of individual income tax in accordance with the law.
Article 20 With respect to the term of operations of a foreign-funded enterprise, the foreign investor shall report to and secure approval from the authorities in charge of examination and approval. For an extension of the term of operations, an application shall be submitted to the said authorities 180 days before the expiration of the period. The authorities in charge of examination and approval shall, within 30 days from the date such application is received, decide whether or not to grant the extension.
Article 21 When terminating its operations, a foreign-funded enterprise shall promptly issue a public notice and proceed with liquidation in accordance with legal procedure.
Pending the completion of liquidation, a foreign investor may not dispose of the assets of the enterprise except for the purpose of liquidation.
Article 22 At the termination of operations, the foreign-funded enterprise shall nullify its registration with the industry and commerce administration authority and hand in its business license for cancellation.
Article 23 The competent department in charge of foreign economic relations and trade under the State Council shall, in accordance with this Law, formulate rules for its implementation, which shall go into effect after being submitted to and approved by the State Council.
Article 24 This Law shall go into effect on the day of its promulgation.
Services to foreign companies registered
Business philosophy: customer first principle of credit first, to solve the customer's boredom. Has been engaged in foreign-funded enterprises registered, have years of history