According to “The Provisions on The Administration of Foreign-funded Advertising Enterprises”, foreign investors may establish advertising enterprise by the form of Chinese-foreign equity joint venture or Chinese-foreign contractual joint venture, but the foreign investment should not exceed 70%. Wholly foreign-owned enterprises are permitted since Dec.10, 2005. Hong Kong and Macao service providers are permitted to establish wholly owned advertising enterprises since Jan.1, 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 advertising company.