In previous years, foreign-invested enterprises (FIEs) and their branches in China had the certainty that they would need to undergo an annual inspection filing with the business registration authority between March and June each year, and if they passed they would be deemed to be in “good standing”. This year in most cities, joint ventures, wholly foreign-owned enterprises (WFOEs), and their branches faced a new uncertainty as the annual inspection exercise of the Administration for Industry and Commerce (AIC) was replaced by a new annual reporting system.
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Business Law Digest is compiled with the assistance of Baker & McKenzie. Readers should not act on this information without seeking professional legal advice. You can contact Baker & McKenzie by e-mailing Danian Zhang (Shanghai) at: danian.zhang@bakermckenzie.com
