According to clause 1, Article 4, Law on trading in real estate, the business in real estate shall include business in real estate services and business in real estate services (translator's note: repletion)
Clause 2, Article 4, Law on trading in real estate stipulates that business in real estate means the investment of capital to create, purchase, act as assignee of, and obtain hire purchase of real estate for sale, assignment, lease, sub-lease or hire purchase for profits.
Clause 2, Article 4, Law on trading in real estate stipulates that business in real estate means the investment of capital to create, purchase, act as assignee of, and obtain hire purchase of real estate for sale, assignment, lease, sub-lease or hire purchase for profits.
Clause 3, Article 4, Law on trading in real-estate stipulates that business in real-estate services include activities supporting the business in real estate and real estate market, including services of real estate brokerage, real estate evaluation, real estate transaction floor, real estate consultancy, real estate auction, real estate advertisement, real estate management.
On the basic of the above provisions, the investment by foreign investors to acquire hotels and restaurants to conduct business in hotels and restaurants not for the purpose of sale or conduct of other transaction stipulate in Article 4 of the Law on trading in real estate shall not fall within the scope of business in real estate.
