What is the required period within which Overseas Chinese and foreign nationals should submit their investment funds and can the period be extended?
According to Article 9 of the Statute for Foreign Investors, the investor should submit the entire approved investment amount within the required period. If the investor is unable to remit the investment amount, in whole or in part, within the required period of time, the amount — which has not been brought in — will be revoked upon the expiration of the prescribed time limit. However, if good cause is shown, the investor, prior to the expiration, should apply to the competent authority for extension of the prescribed time limit. In principle, the period can be extended for a six-month period each time. For detailed information, visit the Investment Commission, MOEA at www.moeaic.gov.
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