A: The government of Tibet Autonomous Region has promulgated its Provisions and Supplementary provisions of the Government of Tibet Autonomous Region on Inviting Merchants and Attracting Investment. According to the two documents, investment in the encouraged sectors merits preferential treatment in legal guarantees, foreign trade operation and land policies.
The Supplementary provisions, enacted at the end of 2000, apply to all enterprises and projects in Tibet that conform to the industrial guidelines of the region, with an investment worth over 20 percent of the net assets. Operations may be established by enterprises, economic organizations or individuals from overseas, Hong Kong, Macao, Taiwan or other provinces of China. The supplementary Provisions stipulate that outside investors may also enjoy the preferential financial policies granted to Tibet Autonomous Region by the central government. In addition, the formalities for company registration are simple in Tibet; and verification and registration of foreign-funded companies, Sino-foreign equity joint ventures, Sino-foreign contractual joint ventures, limited companies and group companies can be completed within 10 to 15 days from the date of receiving all required application documents.