Can a foreign invested enterprise set up an import-export trade company?
A foreign-invested enterprise can import equipment, raw materials and etc. needed in production and export its products on its own. If it intends to set up an import-export trade company, the foreign-invested enterprise can apply for it. According to the present policy, a foreign investor can set up a import-export trade joint venture in Pudong New Area after approval by the State Council; it can also set up an import-export trade company in Waigaoqiao Free Trade Zone of Pudong New Area after approved by Waigaoqiao Free Trade Zone Administrative Committee. 12. Can foreign invested enterprises establish sales company? The foreign invested companies can establish sales company if they satisfy the following requirement: (1) The foreign invested companies have already established investment companies in China; (2) The paid registered capital of the investment company should be no less than USD 30 million; (3) The investment companys share in the registered capital of the companies it inves
