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Provisional Regulations on the Standards of Regist
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1982.02.02
STATE ADMINISTRATION OF INDUSTRY & COMMERCE
  PROVISIONAL  REGULATIONS,  ISSUED  BY  THE  GENERAL BUREAU OF
INDUSTRIAL AND COMMERCIAL ADMINISTRATION OF THE PEOPLE'S REPUBLIC
OF  CHINA,  ON  THE STANDARDS  OF REGISTRATION FEES TO BE PAID BY
JOINT VENTURES USING CHINESE AND FOREIGN INVESTMENT
 (Promulgated  by  the  General  Administration  of  Industry and
Commerce on February 2, 1982)
 Provisional  regulations  on  the  standards  of registration
fees  and re-registration  fees to be paid by joint ventures using
Chinese and foreign investment (to be referred to hereafter as joint
ventures) are hereby drawn up according to the prescriptions of
Article Eight of the "Rules on the Registration and Management of
Joint  Ventures Using Chinese and Foreign Investment" promulgated by
the  State Council of the People's Republic of China. The regulations
are as follows:
 (1)  Joint  ventures whose establishment has been approved by the
Foreign Investment Management Committee of the People's Republic of
China or its commissioned  people's  governments  at  provincial,
municipal or autonomous region  levels or ministries, committees or
general bureaus under the State Council,  and  those which have
received  certificates  of approval from the Foreign  Investment
Management  Committee  should  pay  registration fees according to
the following standards, when they get registered and receive business
licenses from the People's Republic of China.
 (a)  The  required  registration  fees  stand at 1/1000 of the
registered capital if the capital is at or below the 10 million yuan
level.
 (b)  If  the  registered  capital exceeds the 10 million yuan
level,the required  registration  fees stand at 0.5/1000 for the
sum above the 10 million yuan level, while the registration fees
for the sum below the 10 million yuan level remain at 1/1000.
  If  a  joint venture intends to increase its capital after
registration, the registration  fees  will be re-calculated on the
basis of the total sum of the capital. The joint venture should then
pay additional registration fees for their increased capital according
to the above prescriptions.
 (2)  If  a  joint venture asks for re-registration or for a new
business license when it has been granted permission to move to a new
place; change its  direction  of production; increase, decrease or
transfer the possession of  its  registered  capital; replace its
director or general manager; or to extend the period of contract,
it should pay 100 yuan each time as re-registration fee.
 In  case  it  only increases its registered capital after having
paid the required registration fees, it does not have to pay a
re-registration fee.
 (3) If both the Chinese party and the foreign party are engaged in
joint ventures  in each other's country, and if the difference of the
standards of registration  fees  is too great, they may seek a
settlement through negotiations on the basis of reciprocity.
 (4)  Ventures  jointly  run  by  Chinese and foreigners and those
using only foreign  investment and run exclusively by foreigners with
the permission of the Foreign Investment Management Committee of
the  People's  Republic  of China  or  its commissioned people's
governments at provincial, municipal or autonomous  region levels
should  also pay registration or re-registration fees according to the
foregoing provisions.
 (5)  Ventures invested and run exclusively by overseas Chinese,
Hongkong and Macao compariots or ventures invested and run jointly by
them and mainland enterprises (including those run on the basis of
co-operation) pay only half of the registration or re-registration fees
that joint ventures pay.
 (6)  In  the  event  that  the above-said enterprises need legal
papers for identification  when they go to start business in other
countries, they will be supplied with "Business Certificates of the
People's Republic of China" by the General Bureau of Industrial and
Commercial Administration of the People's Republic of China. A fee of
20 yuan will be charged for each such certificate.
 (7)  The  provisional  regulations come into force on the day when
they  are  promulgated.  The  above-said  enterprises should pay
retroactive registration fees  if their establishment was approved
and  registered  before  the promulgation  of these provisional
regulations but no registration fees have yet been paid.




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