New Circular to Relax the Filing Process for Foreign-Invested Real Estate Enterprises

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In June 2014, the Ministry of Commerce (“MOFCOM”) and the State Administration of Foreign Exchange (“SAFE”) jointly promulgated the Circular Concerning Improvement of Filing Process for Foreign Invested Real Estate Enterprises (“Circular 340”), which will take effect from 1 August 2014.

It is expected that the MOFCOM filing process for Foreign-Invested Real Estate Enterprises (“Real Estate FIEs”) will be simplified and expedited in the near future.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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