Investment Procedures
for Solely Foreign-funded Enterprises

( 1 ) Applying for Setting Up a Solely Foreign-funded Enterprise

   The foreign investor or its Chinese agent should apply to the foreign economic and trade administration and submit the following documents:

1. An application for setting up a solely foreign-funded enterprise
2. The Feasibility Study Report
3. The articles of association of the solely foreign-funded enterprise
4. The name list of the legal representative (or the members of the board) of the solely foreign-funded enterprise
5. The legal credentials and the Credit Standing of the foreign investor
6. Other documents requested

( 2 ) Issuing the Certificate of Approval

   The Certificate of Approval will be issued by the foreign trade and economic cooperation authorities after the application is approved.

( 3 ) Registration and Opening Account

   The solely foreign-funded enterprises takes the relevant credentials to the following departments for registration and opening account in the allotted time from the day when the Certificate of Approval is signed.

1. To the Administrative Department of Industry and Commerce to register and get Business License
2. To the local tax bureau for registration
3. To the local financial organization to open a foreign exchange account (if the enterprise needs to open an account in another financial organization, it should obtain approval from the State Foreign Exchange Administration Department)
4. To the Customs Office for registration.