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Approval Procedures for Establishment of Foreign-invested Enterprise

Approval Procedures for Establishment of Foreign-invested Enterprise
I. Obtain preliminary approval of the enterprise name from industry and commerce registration department.
II. Submit for approval
(I) Projects in encouraged and permitted categories with total investment of less than US$ 300 million within Chongqing Economic and Technological Development Zone, Liangjiang New Area, and projects with total investment of less than US$ 50 million in restricted category shall be subject to approval the management committee of the development zone in which the project is located.
(II) Projects in encouraged and permitted categories with total investment no more than US$ 100 million in the areas other than the development zones shall be subject to approval of the foreign trade and economic cooperation authority of the district/county/city in which the project is located.
(III) Projects in encouraged and permitted categories with total investment of more than US$ 100 million in the areas other than the development zones, and projects with total investment of less than US$ 50 million in restricted category shall be subject to approval of the municipal foreign trade and economic relations commission.
(IV) Projects in encouraged and permitted categories with total investment of more than US$ 300 million and projects in the restricted categories with total investment more than US$ 50 million must be subject to the approval of the Ministry of Commerce.
III. Obtain the organization code certificate in the municipal technical supervision bureau with the approval reply
IV. Print the approval certificate in the approving authority
V. Register with industry and commerce registration department and obtain business license
VI. Conduct foreign exchange registration with State Administration of Foreign Exchange Chongqing branch
 
Time limit with Chongqing Municipal Foreign Trade and Economic Relations Commission: The approval procedures will be completed or the application will be transferred to the Ministry of Commerce of the PRC generally within seven business days or up to 15 business days, provided all necessary documents are available and accurate.
   

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