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Can foreigners acquire real property in China?

Updated: 8/18/2023
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Zhongzhigao

Lvl 1
βˆ™ 16y ago

Best Answer

Subject to some restrictions, foreigners are permitted to acquire real property in China. Therefore, the key to the issue is what restrictions are placed on foreigners when they acquire real property. Any foreign entities and individuals who intend to purchase real property not for self-use in China must first establish foreign invested enterprises (FIEs) and then conduct business within its business scope. To put it another way, if no FIEs are established in China, foreign entities or individuals are not permitted to purchase real property not for self-use. This is so called rule of Business Existence. Foreign entities' branches or rep offices in China, unless otherwise they are real estate enterprises upon approval by government, and the foreign individuals who have worked or studied in China more than one year may purchase real property for self-use or residence. The foreign entities who have not yet established branches or rep offices in China or the foreign individuals who have not yet worked or studied more than one year in China may not purchase real property. The residents in Hong Kong, Macao, Taiwan and overseas Chinese may purchase the certain area of real property in China for self-residence. Subject to some restrictions, foreigners are permitted to acquire real property in China. Therefore, the key to the issue is what restrictions are placed on foreigners when they acquire real property. Any foreign entities and individuals who intend to purchase real property not for self-use in China must first establish foreign invested enterprises (FIEs) and then conduct business within its business scope. To put it another way, if no FIEs are established in China, foreign entities or individuals are not permitted to purchase real property not for self-use. This is so called rule of Business Existence. Foreign entities' branches or rep offices in China, unless otherwise they are real estate enterprises upon approval by government, and the foreign individuals who have worked or studied in China more than one year may purchase real property for self-use or residence. The foreign entities who have not yet established branches or rep offices in China or the foreign individuals who have not yet worked or studied more than one year in China may not purchase real property. The residents in Hong Kong, Macao, Taiwan and overseas Chinese may purchase the certain area of real property in China for self-residence.

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Wiki User

βˆ™ 16y ago
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Wiki User

βˆ™ 13y ago

Of course! They aren't really communists, they're just commies officially. Otherwise America wouldn't even buy their products.

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paulbenn

Lvl 13
βˆ™ 2y ago

Yes: there are hundreds of billionaires in China. It’s a mix of state and private capitalism.

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