Guarantee
For Investors
Foreigner invested enterprises within
prefecture of Taiyuan that have been approved by Shanxi government
and Taiyuan municipality will enjoy the investment guarantee
as follows:
Law of the state will protect business
activities of foreigner- invested enterprise as long as that
are within Law and regulation confined scope and comply with
approved contract and constitution. So will it protect their
ownership, usufruct of property and right to dispose lawful
income. Taiyuan Public Security Bureau will handle procedures
of residence for dependent of expatriate staff of foreigner-invested
enterprise if they are in need of stays for different length
of time. They are under protection by laws concerned of the
state during their stay.
The net profit allocated to foreign
investor after law and contract obligation filled is allowed
to remit abroad in way lawful, so is the fund allocated on
maturity or discontinuity of the enterprise.Salary or other
lawful income of expatriate staff after personal income tax
is paid can be remitted abroad.
Foreigner-invested enterprise is
allowed to plan his business, import goods it needs or export
product it produces within business scope approved.
No organ or individual is allowed
to infringe, interfere on the production and business; No
illegal fee collection, allocation, fine or inspection are
allowed to apply on a foreign investment enterprise. In case
of such, the enterprise has right to refuse and to claim a
case at the supervision center for foreign investment enterprise
or at an organ concerned.
In case of problem that a foreign
investment enterprise confronts in investing, construction,
production, operation or disposing, it can come to administration
or coordination organs for help.
Foreign investment enterprise can
have each of its business item covered by insurance policy
bought from branches of PICC in Taiyuan Technique patented
in China and provided by foreign investor for foreign investment
enterprise in Taiyuan as well as trade mark applied for registration
in China will be under protection of ˇ¶Patent Lawˇ·andˇ¶Law for
Trade Mark of Chinaˇ·. In case of violation, the victim can
appeal to patent organs or industry and commerce administration
for settlement or even place a sue case at low court.
In case of dispute arising between
each partner in a Sino- Foreign joint venture or cooperation
company during course of carrying out a contract, and failures
in discussions, parties involved can turn to arbitration with
writhen agreement. Should there be no agreement for arbitration,
any side of the dispute can as well appeal to the local law
court. |