Investment under the form of a business cooperation contract (BCC)

1.1 Investment under the form of a BCC means investment under a contract signed amongst investors for the purpose of business cooperation and distribution of business investment results in accordance with laws without establishing an economic organization;

1.2 A BCC signed between a domestic investor and a foreign investor or between foreign investors shall be subject to procedures for issuance of investment registration certificate.  

1.3 Parties to the BCC shall establish a coordinating board to implement it. Functions, tasks and powers of the coordinating board shall be agreed upon by the parties;

1.4 During the implementation of the BCC, the contracting parties may agree to use the assets formed from business cooperation to establish an enterprise.

1.5 Parties to the BCC have the right to agree on contents of business cooperation therein provided that such contents are not contrary to laws.

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