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The Establishment of Foreign-invested Cinemas in China

Update Date:2020-2-14 15:30:09     Source:www.3737580.com     Views:762

China Investment Service
Hotline: 86-755-82143422 Email: anitayao@citilinkia.com

The Chinese party of the joint venture should file an application with the provincial-level foreign trade and economic cooperation department of the locality where the joint venture is to be located and submit the following documents:

 

Project application;
1) Legal status and credit status documents of the Chinese partner and documents on the land-use rights of the joint venture cinema;


2) Legal status document, credit status document provided by a bank and financial status document provided by an accounting firm of the foreign partner;


3) Notice of approval of the name of the foreign-invested cinema issued by the administrative department for industry and commerce;


4) Feasibility study report, contract and articles of corporation;


5) Other documents as required by relevant laws, regulations and the examination and ratification authorities.


6) The local provincial-level authorities of foreign trade and economic cooperation shall, after soliciting the opinions of the provincial-level film administration, submit its approval to the Ministry of Foreign Trade and Economic Cooperation.

 

After soliciting the opinions of the State Administration of Radio, Film and Television and the Ministry of Culture, the Ministry of Foreign Trade and Economic Cooperation shall carry out an examination in line with the relevant laws and regulations concerning foreign investment, and, upon approval, shall issue an Approval Certificate for Enterprises with Foreign Investment confirming the eligibility of the relevant venture.

 

The approved foreign-invested cinema shall, within one month from the date of receipt of the Approval Certificate for Enterprises with Foreign Investment issued by the Ministry of Foreign Trade and Economic Cooperation, undergo registration formalities with the state administrative department for industry and commerce.

 

When construction or renovation of a foreign-invested cinema has been completed and passed acceptance check by relevant departments, the foreign-invested cinema shall, with its Approval Certificate for Enterprises with Foreign Investment, and its business license, apply with the film administration department of the locale provincial government for a film projection business permit before commencing film projection business.

 


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