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Company Deregistration Simplified Further

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On 6th of May 2021, the Ministry of Culture and Tourism released the Circular about Adjusting Approval Matters for Entertainment Venues and Internet Service Locations (Exposure Draft), to collect public opinions until 14th of May 2021.

2021562021514

 

According to the circular, foreign investors are allowed to set up entertainment venues in China, without restrictions on the proportion of investment. Foreign investors can file applications with provincial department of culture and tourism to set up entertainment venues, and they shall meet the same conditions and follow the same approval procedures as domestic applicants. Investors from Hong Kong, Macau and Taiwan will be treated the same as foreign investors.

For more information please visit the website of Ministry of Culture and Tourism of PRC.

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Foreign Investment in Entertainment Venues Allowed Now

You may also find interested in:

Company Deregistration Simplified Further

What to do When an Employee Illegally Terminates the Contract?

On 6th of May 2021, the Ministry of Culture and Tourism released the Circular about Adjusting Approval Matters for Entertainment Venues and Internet Service Locations (Exposure Draft), to collect public opinions until 14th of May 2021.

2021562021514

 

According to the circular, foreign investors are allowed to set up entertainment venues in China, without restrictions on the proportion of investment. Foreign investors can file applications with provincial department of culture and tourism to set up entertainment venues, and they shall meet the same conditions and follow the same approval procedures as domestic applicants. Investors from Hong Kong, Macau and Taiwan will be treated the same as foreign investors.

For more information please visit the website of Ministry of Culture and Tourism of PRC.

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