Home | Hotels | Hotels Video | China Flights | China Train Tickets | Main cities | China map | Contact us | Reservation Status  

 China Law information


INTERIM PROVISIONS CONCERNING CONTRACT PERIOD OF CHINESE-FOREIGNEQUITY JOINT VENTURES

INTERIM PROVISIONS CONCERNING CONTRACT PERIOD OF CHINESE-FOREIGNEQUITY JOINT VENTURES (Approved by the State Council on September 30, 1990 and promul-gated by the Ministry of Foreign Economic Relations and Trade of thePeople's Republic of China on October 22, 1990) Important Notice: This English document is coming from "LAWS AND REGULATIONS OF THE PEOPLE'S REPUBLIC OF CHINA GOVERNING FOREIGN-RELATED MATTERS" (1991.7) which is compiled by the Brueau of Legislative Affairs of the State Council of the People's Republic of China, and is published by the China Legal System Publishing House.

In case of discrepancy, the original version in Chinese shall prevail.

Whole Document INTERIM PROVISIONS CONCERNING CONTRACT PERIOD OF CHINESE-FOREIGN EQUITY JOINT VENTURES (Approved by the State Council on September 30, 1990 and promul- gated by the Ministry of Foreign Economic Relations and Trade of the People's Republic of China on October 22, 1990) Article 1 These Provisions are formulated in accordance with the provisions of Article 12 of the Law of the People's Republic of China on Chinese-Foreign Equity Joint Ventures (Amended at the Third Session of the Seventh National People's Congress on April 4, 1990).

Article 2 As regards the establishment of Chinese-foreign equity joint ventures (hereinafter referred to as joint ventures), the parties to a joint venture which is engaged in investment projects encouraged and permitted by the Chinese government, except as stipulated in Article 3 of these Provisions, may decide, through consultation, to or not to prescribe a contract period in the contract.

Article 3 As regards the establishment of joint ventures, the parties to a joint venture, which falls under one of the following lines of business or one of the following circumstances, shall prescribe in their contract, through consultation, a contract period in accordance with the provisions of the relevant laws and regulations of the state: (1) service trades, such as hotels, apartments, office buildings, recreation and entertainment, catering trade, taxi service, development and printing of colour films and photos, maintenance, business consultancy, etc.; (2) joint ventures engaged in land development and real estate; (3) joint ventures engaged in the prospecting and development of natural resources; (4) joint ventures engaged in projects subject to investment restriction as stipulated by the state; (5) joint ventures for which a contract period shall be decided, through consultation, as prescribed by other laws and regulations of the state.

Article 4 Joint ventures, the parties to which decide, through consultation, not to prescribe a contract period in their contract, shall be examined and approved in accordance with the state regulations concerning the limits of powers and procedures for examination and approval. With the exception of those joint ventures to be directly examined and approved by the Ministry of Foreign Economic Relations and Trade, other examining and approving authorities shall, report within 30 days, any such applications they have examined and approved to the Ministry of Foreign Economic Relations and Trade for the record.

Article 5 Joint ventures, the parties to which decide, through consultation, not to prescribe a contract period in their contract, may enjoy the preferential treatment of reduction of or exemption from taxes in accordance with the state provisions concerning taxation and with the approval of the tax authorities. In cases where the actual term of operation of these joint ventures fails to reach the number of years set by the state for enjoying the preferential treatment of taxation, the joint ventures concerned shall, according to law, pay the taxes which have been exempted or reduced.

Article 6 Joint ventures, whose establishment was approved before these provisions become effective, shall operate in accordance with the approved contract period stipulated in the contract. However, as regards a joint venture which does not come under one of the circumstances specified in Article 3 of these Provisions, in the event that the parties to the joint venture agree unanimously to modify the stipulation in the contract concerning the contract period, and to re-stipulate the joint venture as one without contract period, the parties to the joint venture shall submit a report to justify such a modification, sign an agreement on the modification of the contract, and apply to the original examining and approving authorities for examination and approval. The original examining and approving authorities shall, within 90 days as of the date of receipt of the said application, decide to approve or disapprove it. After obtaining the approval, the joint venture shall, in accordance with the stipulations of Article 4 of these Provisions, go through the procedures for the record.

Article 7 These Provisions shall go into effect as of the date of promulgation.

Article 5 Joint ventures, the parties to which decide, through consultation, not to prescribe a contract period in their contract, may enjoy the preferential treatment of reduction of or exemption from taxes in accordance with the state provisions concerning taxation and with the approval of the tax authorities. In cases where the actual term of operation of these joint ventures fails to reach the number of years set by the state for enjoying the preferential treatment of taxation, the joint ventures concerned shall, according to law, pay the taxes which have been exempted or reduced.

Article 6 Joint ventures, whose establishment was approved before these provisions become effective, shall operate in accordance with the approved contract period stipulated in the contract. However, as regards a joint venture which does not come under one of the circumstances specified in Article 3 of these Provisions, in the event that the parties to the joint venture agree unanimously to modify the stipulation in the contract concerning the contract period, and to re-stipulate the joint venture as one without contract period, the parties to the joint venture shall submit a report to justify such a modification, sign an agreement on the modification of the contract, and apply to the original examining and approving authorities for examination and approval. The original examining and approving authorities shall, within 90 days as of the date of receipt of the said application, decide to approve or disapprove it. After obtaining the approval, the joint venture shall, in accordance with the stipulations of Article 4 of these Provisions, go through the procedures for the record.

Article 7 These Provisions shall go into effect as of the date of promulgation.


Search China Hotels China Hotels:
Please Select a City:
Find Your Hotel With China Map
Check-in:
Show Calendar
Check-out:
Show Calendar
Currency Adults Child

Search China Flight Ticket China Flight:
One Way Round-Trip
Departure city:
Destination:
Departure date:
Return date:



China Cities:
China Introduction
Beijing Travel Info
Changchun Travel Info
Changsha Travel Info
Chengde Travel Info
Chengdu Travel Info
Chongqing Travel Info
Dali Travel Info
Dunhuang Travel Info
Guilin Travel Info
Haikou Travel Info
Hangzhou Travel Info
Harbin Travel Info
Nanning Travel Info
Ningbo Travel Info
Qingdao Travel Info
Shanghai Travel Info
Shenyang Travel Info
Shenzhen Travel Info
Suzhou Travel Info
Taian Travel Info
Tianjin Travel Info
Weihai Travel Info
Wuyishan Travel Info
Xiamen Travel Info
Xian Travel Info
Yangzhou Travel Info
Zhuhai Travel Info

China Hotels
Aksu
Alxa
Anqing
Anshan
Anshun
Anyang
Baishan
Baoding
Baoji
Baotou
Bazhong
Beidaihe
Beihai
Beijing
Bengbu
Binzhou
Bozhou
Cangzhou
ChangChun
Changde
Changsha
Changshu
Changzhi
Changzhou
Chaohu
Chaoyang
Chaozhou
Chengde
Chengdu
Chenzhou
Chifeng
Chongqing
Chuxiong
Chuzhou
Cixi
Dali
Dalian
Dandong
Daqing
Datong
Daxinanling
Daye
Dehong
Dengfeng
Deyang
Dezhou
Dongguan
Dongxing
Dongying
Dujiangyan
Dunhuang
Emeishan
Enshi
FangChengGang
Fenghua
Fenghuang
Foshan
Fuding
Fushun
Fuyang
Fuzhou
Ganzhou
Guang'an
Guangyuan
GuangZhou
Guilin
Guiyang
Haikou
Haining
Handan
Hangzhou
Harbin
Hefei
Hegang
Heihe
Hengshui
Hengyang
Hetian
Heyuan
Heze
Hohhot
HongKong
Huaian
Huaibei
Huaihua
Huainan
Huangshan
Huangshi
Huizhou
Hulunbeier
Huzhou
Ji'an
Jiamusi
Jiangmen
Jiangyin
Jiaozuo
Jiaxing
Jiayuguan
Jieyang
Jilin
Jinan
Jincheng
Jingdezhen
Jinggangshan
Jingmen
Jingzhou
Jinhua
Jining
Jinzhong
Jiuhuashan
Jiujiang
Jiuquan
Jiuzhaigou
Jixi
Jiyuan
Kaifeng
Kaiping
Karamay
Kashen
Korla
Kunming
Kunshan
Langfang
Lanzhou
Leshan
Lhasa
Lianyungang
Liaocheng
Liaoyang
Lijiang
Linfen
Linyi
Lishui
Liuzhou
Longyan
Loudi
Luoyang
Lushan
Maanshan
Macau
Maoming
Meishan
Meizhou
Mianyang
Mudanjiang
Nanchang
Nanchong
Nanjing
Nanning
Nanping
Nantong
Nanyang
Ningbo
Ningde
Ordos
Panjin
Panzhihua
Penglai
Pingxiang
Pingyao
Putian
Putuoshan
Qian'nan
Qiandaohu
Qiandongnan
Qidong
Qingdao
Qingyuan
Qinhuangdao
Qionghai
Qiqihaer
Qitaihe
Quanzhou
Qufu
Qujing
Quzhou
Rizhao
Ruian
Sanmenxia
Sanming
Sanya
Shanghai
Shangrao
Shangri-la
Shantou
Shanwei
Shaoguan
Shaoshan
Shaoxing
Shenyang
Shenzhen
Shijiazhuang
Shishi
Shiyan
Shouguang
Suining
Suizhou
Suqian
Suzhou(Jiangsu)
Taian
Taicang
Taiyuan
Taizhou(Jiangsu)
Taizhou(Zhejiang)
Tangshan
Tengchong
Tianjin
Tianshui
Tieling
Tonghua
Tongliao
Tongling
Tongren
Turpan
Urumqi
Wanning
Weifang
Weihai
Weinan
Wenshan
Wenzhou
Wuhai
Wuhan
Wuhu
Wuwei
Wuxi
Wuyishan
Wuzhishan
Wuzhou
Xiamen
Xian
Xian'ning
Xiangfan
Xiangtan
Xianyang
Xiaogan
Xichang
Xilinhot
Xingyi
Xining
Xinxiang
Xinyu
Xinzhou
Xishuangbanna
Xitang
Xuchang
Xuzhou
Ya'an
Yancheng
Yandangshan
Yangjiang
Yangquan
Yangshuo
Yangzhou
Yanji
Yantai
Yibin
Yichang
Yichun
Yichun(Jiangxi)
Yinchuan
Yingkou
Yining
Yiwu
Yixing
Yiyang
Yongzhou
Yueqing
Yueyang
Yulin(Guangxi)
Yulin(Shaanxi)
Yuncheng
Yunfu
Zaozhuang
Zhangjiagang
Zhangjiajie
Zhangjiakou
Zhangzhou
Zhanjiang
Zhaoqing
Zhengzhou
Zhenjiang
Zhongshan
Zhongwei
Zhoukou
Zhoushan
Zhouzhuang
Zhuhai
Zhuji
Zhuzhou
Zibo
Zigong
Zunyi
| Home | Hotels | Hotels Video | China Flights | Flights Schedule | Pickup Service | Travel Packages | Affiliate | Add your hotels | Interprete Italiano-Cinese | Contact | Site Map | Link | FAQ | About Us
Copyright © 2001-2024 China Hotels Reservation - All Rights Reserved
Europe Office: ChinaHotelsReservation- Via Gerolamo Forni 64 - 20161 Milano - Fax 0291390522
China Office: China Travel(Hualv) Business co.,Ltd. - Tel 0086-577-88555070 Fax 0086-577-88522570
Xishan Donglu Xicen Gongyu 7 Zhuang 802 - 325005 Wenzhou China