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Is it allowable for the Korean travel agency to host the Korean guest in Shanghai directly? If possible, please inform me the detailed method and the required materials and requirements.
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| 1, Foreign travel agencies must achieve the business qualification by operation of law to conduct the travel business in the territory of China. 2. The overseas wholly invested or joint-stock travel agency registered after approval could manage the landing tourism and domestic tourism according to the Travel Agency Management Stipulation, for instance, organizing the foreign tourists to visit China. |
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Are there new changes for the qualification of the foreign investor in the establishment of the JV foreign trade company?
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| The Interim Procedures for the Experiment in the Establishment of Chinese-foreign Joint Venture Foreign Trade Companies only stipulates one condition: the average trade volume with China in the previous three consecutive years before the application shall be over 30 million USD. |
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Are there any new changes for the foreign currency management of the JV foreign trade company?
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| According to the Interim Procedures for the Experiment in the Establishment of Sino-foreign Joint Venture Foreign Trade Companies, the foreign exchange income and expense of the foreign trade company shall be performed according to the relevant regulations of the national foreign exchange management. Namely there is no requirement for the foreign exchange balance. |
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Could the export of the JV foreign trade company continue enjoying the tax refund?
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| No changes. The JV foreign trade company shall pay taxes according to the relevant national taxation laws, rules and regulations and enjoy the export tax refund (exemption) under the stipulations of the pertinent national laws, rules and regulations. |
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Are there any changes in the foreign stock ratio of JV foreign trade companies?
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| The shareholding proportion of the foreign party has been broadened. The JV foreign trade company is the limited liability company. While in the registered capital of the JV foreign trade company, the investment proportion from foreign party shall be over 25%. |
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