Establishing and Running a Business in China
Preparation
Different local authorities will be involved at different stages of the approval procedure for all foreign entities. Throughout the incorporation process you will become familiar with departments such as the AIC (Administration of Industry and Commerce), the BOFTEC (Bureau of Foreign Trade and Economic Cooperation) also known under the name of “Foreign Investment Bureau” in some provincial cities, the administrative committees of development zones, the state and local tax bureaus, and customs. The establishment procedure typically goes through central, provincial, and local-level authority approvals depending on the sector the company is involved and the amount of the intended total investment ...
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