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PROJECT APPROVAL
Project Examination
and Approval
1.qualifications
(1)foreign investors' qualifications
Any enterprise registered abroad or in Hong Kong, Macao or Taiwan,and
any other organization or individuaI from above areas is allowed
to set up enterprises in Yingkou Development Zone as long as it
abides by foreign investment laws and regulations in China.In a
joint venture,foreign investment should account for no less than
25%.
(2)Chinese Investor's Qualification for Joint Venture and Co-operation
All the state-owned,collective,private-owned and other types of
enterprises which have registered in China and are qualified can
involve in the joint venture and cooperation with foreign investors.
2. Type of enterprises
(1)Wholly foreign-owned enterprises
All the investment comes from foreign enterprises, other economic
organization and individuals. And the enterprises are managed by
the foreign investors.
(2)Joint Venture
Investment comes from both foreign and Chinese partners according
to certain ratio.And the enterprises are managed jointly.
(3)Cooperation
Foreign and Chinese partners set up the enterprises in a cooperative
way.
3. Investment means
(I)By currency
Normally,the investment should be in Chinese RMB,in US dollar or
other currencies after being exchanged to Chinese RMB.
(2) By tangible capital
Tangible capital can be machine, equipment, transportation vehicles,
buildings, land using right and other auxiliary facilities(if investment
is state property,the Evaluation Report on State Property should
be presented.)
(3)By intangible capital
Intangible capital can be special technology,industrial property
(patent and trade mark).
4.Ratio between Investment and Registered Capital
(1)The registered capital should be at least 7/10 of the total investment
for joint venture with total investment below US$3million(including
US$3 million).
(2)The registered capital should be at least half of the total investment
for joint venture with total investment US$3 million to US$10 million(including
US$10 million),among which,the registered capital should not be
less than US$2.1 million if the total investment is below US$4.2
million.
(3)The registered capital should be at least 2/5 of the total investment
for joint venture with total investment US$10 million to US$30 million(including
US$30 million), among which,the registered capital should not be
less than US$5 million for joint venture with total investment below
US$12.5 million.
(4)The registered capital should be at least 1/3 of the total investment
for joint venture with total investment over US$30 million,among
which,the registered capital should be not less than US$12 million
for joint venture with total investment below US$36 million.
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