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Establishment of a Joint-venture,
 Corporative firm or Foreign Venture

Procedure of Approval

  1. The enterprise presents documents£»
  2. The person in charge makes a primary examination£»
  3. The section chief checks and verifies (checks and approves)£»
  4. The bureau director checks and verifies  (checks and approves)£»

   5.    To report to the province for examination and approval (if needed).  

Documents for Application

The application of establishing a ¡°three-types-of-foreign-funded¡± enterprise should provide one copy of the following documents and materials£º

£¨1£©The signed documents for the establishment of a  ¡°three-types-of-foreign-funded¡± enterprise:

Joint ventures and corporative firms ¨C contract, constitution, and feasibility analysis report (the contract and constitution must be stamped by each party and be signed by the legal representative or authorized representative; the feasibility report must be stamped with the seal of each party, with the list of equipment attached with contract and each page stamped with the official seal of each party.)

Foreign ventures¡ª¡ªapplication form, constitution, and feasibility analysis report (the application form and constitution must be stamped by each party and be signed by the legal representative or authorized representative; the feasibility report must be stamped with the seal of each party, with the list of equipment attached with contract and each page stamped with the official seal of each party.)

£¨2£©The Materials Attached with the documents sent to the bureau£º

1£©The original Notification Letter of Previous Check and Approval for the Name of the Enterprise issued by the City¡¯s Industrial and Commercial Administration Bureau£»

2£©The request report of the local foreign trade and economic cooperation office to the bureau on the establishment of a ¡°three-types-of-foreign-funded¡± enterprise;

   3£©The name list of the board of directors of the ¡°three-types-of-foreign-funded¡± enterprise (The name list of a joint venture must be stamped with the seal of each party and be signed by each party¡¯s legal representative; the list of a foreign invested enterprise must be stamped by each party and be signed by each party¡¯s legal representative or legally authorized person.)

4£©Each investor¡¯s legal registration document and legal representative¡¯s ID certificate. If the foreign investor is an investor in the name of natural person, his or her nationality, position, resume and financial property conditions and other materials must be provided. The board decision of each party, if the enterprise is jointly invested by two or more foreign investors, should provide a copy of the contract signed by the foreign investors to the Foreign Trade and Economic Cooperation Bureau for approval record;

5£©Each investment party must present the certificate of credit standing in the bank;  including: the name of the investor, address, account opening time, credit limit, deposit balance and creditworthiness of business transactions, etc.;

6£©The certificate of plant and location conditions of the  ¡°three-types-of-foreign-funded¡± enterprise and the examination report of the local authority;

7£©For the project needing the prior examination and approval because of environmental pollution, it must present the approval document of the Environment Protection Bureau of the city (original); A project for producing dangerous products must have the approval document (original) of the Fire Prevention Bureau and related industry authorities;

8£©Other documents needed to present as necessary.  

Note£º

A¡¢Documents in foreign languages must be attached with the Chinese translation provided by a legal translation institution (Original);

B¡¢In accordance with Article 12 of  the Corporation Law of the People¡¯s Republic of China, the accumulated total investment of a company on other limited companies or share co., Ltd. Can not exceed 15% of its net assets.

Attention

¡¡Follow the national policies of industry

Time Limit

¡¡Within four working days

Unit in Charge

¡¡Foreign Investment Management Department

Advice Hotline

¡¡Tel£º2819360        Fax £º2819350

 

 


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