FOREIGN INVESTMENT

Hainan has introduced a number of measures aimed at boosting business across the province. Among the changes is a reduction in the time needed to register a new business, as well as the separation of business licences from operating permits across a greater number of sectors, including tourism, agriculture and healthcare. More

The State Administration of Taxation (SAT) has extended the criteria under which investors can benefit from tax deferral policies. In particular, greater leeway is to be given to the use of mainland-generated profits to pay capital contributions or for reinvestment. More

Prior to the official opening up of the mainland payment services market to foreign investors, the People’s Bank of China (PBOC) has outlined the mandatory access standards and regulatory requirements. More

Overseas investors are to be incentivised to reinvest in China via a number of newly-introduced advantageous tax policies. More