According to the Measures for the Administration on Foreign Investment in Commercial Fields (promulgated on Apr.16th, 2004), and Measures for the Administration on Commercial Franchise (promulgated on Dec. 31st, 2004), foreign companies, enterprises and other economic organizations or individuals (hereinafter “foreign investors”) are permitted to establish commercial enterprises within the China territory in the form of wholly foreign-owned enterprises, Chinese-Foreign contractual joint venture, and Chinese-Foreign equity joint venture, since Dec. 11th, 2004.
The topic summarizes the related rules & regulations, registration requirements, procedures, accounting & tax by SMERT, SAIC, Tax Bureau and other related departments you may focus on in relation to foreign invested commercial retail/commercial wholesale company.