China

Details

  • Service: Tax, China Tax Services
  • Type: Publication series, Regulatory update
  • Date: 4/18/2014

Pilot Free Trade Zone Series — Issuance of policies on supporting the establishment of wholly foreign owned medical institutions in China (Shanghai) Pilot Free Trade Zone 

China Tax Alert - Issue 8, April 2014

 

The General Office of Shanghai Municipal People’s Government recently issued the Provisional Measures for the Administration of Wholly Foreign Owned Medical Institutions in China (Shanghai) Pilot Free Trade Zone, which stipulates the conditions for establishing wholly foreign owned medical institutions in China (Shanghai) Pilot Free Trade Zone, approval and registration administrations, as well as practice related issues. Provisional Measures relaxes the existing restriction on setting up wholly foreign owned medical institutions in China, no longer limiting qualified service providers to those from Hong Kong, Macau and Taiwan but allowing all qualified foreign investors to set up wholly foreign owned medical institutions in the Pilot FTZ. Furthermore, Provisional Measures simplifies the relevant approval and registration procedures for establishing wholly foreign owned medical institutions.

 

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