What are the provisions of the foreign investment law applicable to business ventures in China?

The Foreign Investment Law (FIL) is a comprehensive legal framework governing foreign investments in China. It provides the basic legal framework for foreign investors to conduct their business in the country. The FIL applies to all foreign investments, including direct investments (e.g. establishment of a wholly foreign-owned enterprises) and indirect investments (e.g. contribution of capital to joint ventures). The FIL also applies to investments made in New York, as long as they are subject to Chinese law. The FIL stipulates the conditions for foreign investments, including the permissible scope of business of foreign investors, the procedures for foreign investors to make investments, the transparency of foreign investments, and the restriction of monopoly behavior of foreign investors. It also sets out the rules for investors to obtain incentives, including tax incentives, preferential policies, and financial and technological support. Furthermore, the FIL sets out the capital capital balance requirements that foreign investors must meet in order for their investments to be approved. Foreign investors must meet the requirements of the law in order to obtain approval from the Chinese government before they can proceed with the investments. Finally, the FIL allows foreign investors to bring with them certain intellectual property rights, such as patent rights, copyrights, and trademarks, to protect their innovations or creations in China. Overall, the FIL provides a comprehensive legal framework for foreign investments in China, which can facilitate and encourage foreign investments and protect the rights of foreign investors in the country.

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What are the provisions of the foreign investment law applicable to business ventures in China?

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