New circular to relax the filing process for foreign-invested real-estate enterprises
In June 2014, the Ministry of Commerce (MOFCOM) and the State Administration of Foreign Exchange (SAFE) jointly promulgated the Circular Concerning Improvement of Filing Process for Foreign Invested Real Estate Enterprises (Circular 340), which will take effect from 1 August 2014. It is expected that the MOFCOM filing process for foreign-invested real-estate enterprises (real-estate FIEs) will be simplified and expedited in the near future.
Under the current regulatory approval regime, in general the incorporation of a real-estate FIE is subject to the following regulatory approval/filing procedures…
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