Rules on foreign investment in value-added telecom services in SFTZ released
2014-May-6 Source: Newsgd.com
Text Size: A A A | Print | Share by E-mail:

On 15 April, 2014, the Ministry of Industry and Information Technology (“MIIT”) published the Administrative Measures for Foreign Investment in Value-added Telecommunications Services in the China (Shanghai) Pilot Free Trade Zone ("SFTZ"). Accordingly, the minimum registered capital of the value-added telecommunications services established by foreign investors in the SFTZ is RMB 1,000,000. Further, the Measures require that the equipment must be set up in the SFTZ and the main investors as well as managers shall have no criminal record on telecommunication area within three years. The Measures also delegate the examination and approval authority for foreign investment in value-added telecommunication services from the MIIT to the Shanghai Communications Administration, and greatly shorten the examination and approval time, the period of which is two months.

There are thirteen articles in the Measures, mainly including: the procedure for approval, the requirement of application, the required documents, examination and supervisor, and valuation of the SFTZ, etc.

(This information is provided by Lawyer Kelly Xie from Guangdong KaiTong Law Firm in friendship. It is not any legal opinion or legal grounds addressed to any organization or individual. For inquiry, please contact Kelly via email at Kelly_xie@ktlf.com.cn or by phone on 13926185641.)

Editor: Olivia
Related News
This site contains material from other media for content enrichment purpose only. The Southcn.com website do not endorse such content and do not bear the joint responsibility of their copyright infringement. The views expressed in written material posted to the bulletin boards of Southcn.com are those of the authors and/or publishers. The Southcn.com website does not endorse information products posted by organizations and individuals here. The originators of these information products are solely responsible for their content. For copyright infringement issues, you shall contact Southcn.com within thirty (30) days. Email: falv@southcn.com
Info for Non-Residents