Step 1: Submission of Preliminary Application
The foreign investor of a foreign enterprise should submit a report to the
foreign trade and economic cooperation department at county level or above at
the place where the proposed enterprise is located.
Content of report: Objectives of the foreign enterprise, business scope,
scale of operation, products to be produced, technology and equipment to be
used, land area required, conditions and quantities of water, electricity, gas
and other forms of energy resources required, and requirements for public
facilities.
Step 2: Submission of Formal Application
After the foreign investor receives a written reply from the relevant
government authorities, a formal application supported by all the required
documents should be filed with the local foreign trade and economic cooperation
department at county, municipal or provincial level.
Documents required: Application letter for establishing the foreign
enterprise; feasibility study report; articles of association; list of legal
representatives (or board of directors); foreign investor's legal papers and
credit report; list of materials to be imported; written replies from the local
approval authorities at county level or above; application for registration of
the name of the enterprise approved by the provincial or municipal
administration for industry and commerce; comments on the project by various
government departments such as environmental protection, fire services, health
and land administration. In case where two or more foreign investors are
involved, copies of the contracts signed by them should be submitted to the
approval authority for the record.
Step 3: Application for Approval Certificate
After the formal application is approved, the foreign investor should apply
to the foreign trade and economic cooperation
department at county, municipal
or provincial level for an approval certificate by presenting all the necessary
documents.
Documents required: Application letter for establishing the foreign
enterprise, feasibility study report, articles of association and list of board
of directors.
Step 4: Registration
Upon collection of the approval certificate, an application for business
licence should be filed with the provincial or municipal administration for
industry and commerce within 30 days. Subsequently, the enterprise should
complete such procedures as applying for official seal and enterprise code,
opening bank account, and registering for tax payment and customs declaration
with the local public security, technical supervision, taxation, Customs,
finance, foreign exchange administration, banking, insurance and commodity
inspection departments.