Guidebook Series for Investing provide detailed guidance of practical operation for overseas companies and investors how to apply for and secure approval from China's complex registration, investment project and business scope examination process for setting up foreign investment enterprises.
London, England -- (SBWIRE) -- 04/05/2012 -- Guidebook Series for Investing in China are unique, comprehensive and thorough guidebooks for foreign companies and investors to achieve a successful entry into the Chinese lucrative market and a low cost manufacturing base.
China’s entry into the WTO, in December of 2001, further opened the door to a lucrative market and a low cost manufacturing base for foreign companies and investors. Accession to the WTO bound China by fundamental WTO principles, such as improved transparency and the strengthening of commercial legal procedures. China’s WTO commitments also include the tightening of rules on intellectual property, tariff concessions, and permission of foreign investors’ entry into domestic market. These commitments will help reduce the risk of doing business in China and encourage increasing flow of trade and investment, enhancing the business opportunities for foreign companies and investors.
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China is one of the fastest growing global economies. It has achieved and maintained an annual compound growth rate of GDP well above 9% since the 1980s. China has become the second largest economic entity in the world by 2010, will continue to be a top destination attracting foreign companies and investors from around the world for the foreseeable future.
More and more foreign companies and investors expect to enter such a lucrative market and a low cost manufacturing base, and seize a larger part of such lucrative market. To enter such a lucrative market and a low cost manufacturing base, the first obstacle faced by foreign companies and investors is how to file the application for establishment registration of foreign investment enterprise, how to pass through application and approval for investment projects and business scope. This is involved with not only various Chinese laws and administrative regulations but also various Chinese government authorities.
In China, government authorities administer and control the process of application and approval for establishment registration of foreign investment enterprise, and investment project and business scope by exorbitant administrative measures and regulations, moreover, these exorbitant administrative regulations are variable and lack of transparency. The legal procedure of setting up a foreign investment enterprise in China, unlike in Western countries, requires comparatively complex documents. Lack of knowledge of the Chinese laws and administrative regulations, and the cultural difference between China and Western countries as well as the language barriers will increase the challenge faced by foreign companies and investors. Therefore, a detailed guidance of practical operation and a comprehensive and thorough knowledge of the latest Chinese laws and regulations have been become an essential prerequisite for foreign companies and investors to achieve a successful entry into the Chinese lucrative market and a low cost manufacturing base
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