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Q&A Regarding State Administration of Foreign Exchange Document No. 37 (2)
Q&A Regarding State Administration of Foreign Exchange Document No. 37 (2)
Q: | What do domestic residents need to do before investing in a overseas special purpose company? |
A: |
Domestic residents should apply for foreign exchange registration procedures for overseas investment with relevant departments before investing in special purpose companies with legal assets or rights at home and abroad. |
Q: | What do domestic residents need to do before investing in an overseas non-special purpose company? |
A: |
If domestic residents makes capital contribution with legal assets or rights and interests in China or abroad, they shall apply to the relevant departments for registration of foreign exchange for overseas investment. |
Q: | What materials do domestic residents need to register foreign exchange for overseas investment? |
A: |
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Q: | Is it necessary to apply for foreign exchange registration for overseas investment? |
A: |
Domestic residents can only handle subsequent business after completing foreign exchange registration for overseas investment. |
Q: | What are the restrictions for domestic residents to establish overseas special purpose companies? |
A: |
Domestic residents and their special purpose companies shall not harm China's national sovereignty, security, and public interests; Not to violate the laws and regulations of our country; Not to harm the relationship between our country and relevant countries (regions); Not to violate international treaties concluded by our country with foreign countries; Do not involve technologies or products that are prohibited from export by our country. |