Circular on Printing and Issuing the “Implementing Measures of the Regulations on Encouraging Multinational Companies to Set up Regional Headquarters in Beijing”

Beijing Municipal Commission of Commerce Document  [2009]No. 351

To: the governments of all districts and counties, all commissions, administrative offices and bureaus of the municipal government, and all organizations under direct administration of the municipal government

With the consent of the municipal government, the Implementing Measures of the Regulations on Encouraging Multinational Companies to Set up Regional Headquarters in Beijing is hereby printed and sent to you for your conscientious implementation.

Beijing Municipal Commission of Commerce, Beijing Municipal Development and Reform Commission, Beijing Municipal Bureau of Policy Security, Beijing Municipal Bureau of Finance, Beijing Municipal Bureau of Labor and Social Security, Beijing Municipal Bureau of Local Taxation, Beijing Municipal Bureau of Statistics and Beijing Municipal Bureau of State Taxation

June 24, 2009

Implementing Measures of the Regulations on Encouraging Multinational Companies to Set up Regional Headquarters in Beijing

This set of Implementing Measures has been formulated in an aim to implement the Regulations on Encouraging Multinational Companies to Set up Regional Headquarters in Beijing (Beijing Municipal Government Document [2009]No. 15) (hereinafter referred to as the Regulations).

I. Certification of Regional Headquarters

(A) An application for being certified as regional headquarters may be filed given any of the following requirements are met:

1. Being a foreign-funded investment company established upon approval.

2. Being a foreign-funded management company meeting the following requirements:

(1)    The gross assets of the parent company are not less than US$400 million;

(2)    The cumulative paid-up registered capital in China of the parent company is not less than US$10 million and the number of its invested or managed enterprises in the Chinese territory is not be less than three; or the number of invested or managed enterprises in the Chinese territory is not be less than six;

(3)    The registered capital of the management company is not less than US$2 million;

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