China -  Chinese law firm

Are there any difficulties in the remittance of royalties for licensed IPRs?

AmCham-China members are concerned with recent difficulties in arranging the remittance of royalties for licensed IPR. The difficulties stem from notices issued by the State Administration for Foreign Exchange that require banks to inspect specific documents related to the recording or approval of IPR licenses and tax-paid certification or tax-exempt certification. Unfortunately, processing the required documentation in a timely manner is very difficult, and often impossible.

RSS Feeds