A: The government of Tibet Autonomous Region has promulgated its Provisions and
Supplementary provisions of the Government of Tibet Autonomous Region on Inviting
Merchants and Attracting Investment. According to the two documents, investment
in the encouraged sectors merits preferential treatment in legal guarantees, foreign
trade operation and land policies.
The Supplementary provisions, enacted at
the end of 2000, apply to all enterprises and projects in Tibet that conform to
the industrial guidelines of the region, with an investment worth over 20 percent
of the net assets. Operations may be established by enterprises, economic organizations
or individuals from overseas, Hong Kong, Macao, Taiwan or other provinces of China.
The supplementary Provisions stipulate that outside investors may also enjoy the
preferential financial policies granted to Tibet Autonomous Region by the central
government. In addition, the formalities for company registration are simple in
Tibet; and verification and registration of foreign-funded companies, Sino-foreign
equity joint ventures, Sino-foreign contractual joint ventures, limited companies
and group companies can be completed within 10 to 15 days from the date of receiving
all required application documents. |
