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Application formalities: 1. A written application; 2. For Chinese side in
the joint operation, there should be documents on corporate capacity of,
documents on right to use the land for cinema, and documents on credit issued by
bank; 3. Documents on qualifications and bank credit of foreign side in the
joint operation, and documents on its financial situation issued by accountant
firm; 4. Feasibility analysis report, contract and constitution; 5. Other
materials required by the laws and regulations or by departments for examination
and approval work.
If Chinese party in the joint operation is involved in the investment in the
form of state-owned assets (excluding cash investment), appraisal on invested
state-owned assets should be done and confirmed by by departments on state-owned
assets management above municipal level, according to relevant regulations on
assessment and management on state-owned assets.
Transaction procedures: 1. Applicants for setup of foreign-invested cinema
can file in the application to the municipal administrative departments on
foreign trade and economic operation, who is to report opionion on verification
to Ministry of Foreign Trade and Economic Operation after getting opinions from
Administration on Culture, Radio, Film and Television of Shanghai, and then do
examination and approval work in accordance with laws and regulations on foreign
investment after getting opinion from the State Administration of Radio, Film
and Television and from Minstry of Culture. Those getting approval to set up
foreign-invested enterprises are to be issued a "Certificate of Approval on
Setup of Foreign-invested Enterprises". 2. Applicants getting approval for
setup of foreign-invested cinema should, within 1 month from the day when they
get "Certificate of Approval on Setup of Foreign-invested Enterprises" from
Ministry of Foreign Trade and Economic Operation, go through registration
procedures at the State Administration of Industry and Commerce with their
"Certificate of Approval on Setup of Foreign-invested Enterprises". 3. With
the constuction and renovation work finished for foreign-invested cinemas, which
have been proved to be qualificed after acceptance inspection, applicants can
apply for "Permit on Operating Movie Showing" at transaction department with
their "Certificate of Approval on Setup of Foreign-invested Enterprises" and
business license. The transaction department is to give applicants a written
reply within 15 days from the day when they accept the application. Those
getting approval are to be issued a "Permit on Operating Movie Showing".
Charging standard and its basis: "Permit on Operating Movie Showing": 20RMB
per piece (H.J.S.[92] No.273) Submit to: Administrion on Culture, Radio, Film
and Television of Shanghai Address: No.709 Julu Road, Shanghai
The transaction is based on: 1. "Provinsional Regulations on
Foreign-invested Cinemas" (Decree 3 from the State Admininstration of Radio,
Film and Television, Ministry of Foreign Trade and Economic Operation and
Ministry of Culture); 2. "Methods of Administration on Distribution and
Showing of Movies of Shanghai" (Decree 47from Shanghai Municipal People's
Government issued on August 7th, 1997).
Tel.: 54035290* Time for transaction: Monday-Friday 8:30-11:30,
13:30-17:30 Time limit for transaction: The transaction department is to give
applicants a written reply within 15 days from the day when they accept the
application. Applicant qualifications: 1. Meeting layout and planning on
cultural facilities of Shanghai; 2. Having a registered capital of no less
than 10 million RMB; 3. Having fixed place for business(or showing
movies); 4. The cinema must not be named after overseas film (or media)
organs; 5. Investment ratio of Chinese party must not be less than 51% and
Chinese side should have dominant power in operation; 6. Term of joint
investment or joint operation is no more than 30 years; 7. Meeting relevant
prescriptions from Chinese laws and regulations. |