Foreign investment projects including Sino-foreign joint ventures, Sino-foreign cooperative enterprises, exclusively foreign-owned enterprises, domestic enterprises established via merger and acquisition by foreign enterprise, capital-increase of foreign-invested enterprise, etc.

Pre-licensing by the Development and Reform Commission and the Economic and Trade Commission depending upon the nature of the project (The encouraged or permitted projects with total investment of 100 million dollars or above shall be forwarded to the National Development and Reform Commission. Application of foreign investment utilization projects for technological renovation of existing industrial enterprises shall be submitted to the Economic and Trade Commission for approval. Those stipulated additionally by law shall be handled accordingly.

Approval for the name of foreign-invested enterprise by industrial and commercial department

Approval for Articles of Association and contracts and issue of approval certificate by commercial department (or forwarded to the Ministry of Commerce, or submitted to other authorities like health, insurance regulatory and banking regulatory departments for prior approval)

Registration at industrial and commercial department and issue of the business license

Acquiring code of organization by quality and technical supervision authorities

Tax registration

Formalities of self-declaration at local customs. Encouraged foreign-invested enterprises shall complete formalities for tax reduction and exemption at local customs.

Foreign exchange registration at local administration of foreign exchange and approval for foreign exchange account opening

Opening of account at bank