The Procedures for Foreign Investors to Establish Solely Overseas-funded Enterprises in Anshan

The stage for examining and ratifying the application or project proposal letter, evaluation and demonstration for the feasibility study report

Apply for establishment of solely overseas-funded enterprises
The investors or their agent should submit to the Foreign Trade & Economic Cooperation Committee for establishment of their companies according to the state laws and regulations the enterprises’ constitution, feasibility study report, foreign currency balance statement, and documents concerning the workshop land and raw material, energy and power, copy of business license, registered certificate, the latest three years statements of assets and liabilities. (If individual investor, the personal certificate and assets certificate should be submitted as well.)

Apply for import or export license and quota and going through the relevant procedure with competent department.
If the products are produced by solely-funded company and require import and export license and quota, the investors can apply for the license and quota from THE STATE MINISTRY OF ECONOMIC COOPERATION AND TRADE. They can also apply to some concerned departments for import of their production line or key production equipment in case it’s under control of a competent department.

Evaluation and demonstration for the feasibility study report
When Foreign Trade and Economic Cooperation Committee receives the application letter and some other documents from the investor, those will be reported to the Office immediately for preliminary examination and approval, and the Feasibility Study Report will be evaluated and demonstrated.

The stage of examining and ratifying the constitution
Examining and ratifying the constitution of the solely overseas funded enterprise, grant a certificate of import equipment duty-free.
After the application is approved by the Office of the Municipality and after the Feasibility Study Report is evaluated and demonstrated, the Municipal Foreign Trade and Economic Cooperation Committee will examine other relevant documents, then submit documents to Provincial Bureau of Foreign Trade and Economic Cooperation for examination and ratification. When the company’s constitution is approved, the official instrument of ratification will be granted.

The stage for the establishment of solely overseas-funded company
Applying for the business license
The investors or their agent can take over their business license via registering with the Municipal Industrial and Commercial Administration by showing the copy of ratification instrument.

The Procedures for Foreign Businessmen to Make Investment in Anshan for Establishing Sino-foreign Equity Joint Venture and Sino-foreign Cooperative Enterprises

The phase of registering project proposal
Letter of Intent
The Chinese and Foreign Parties should sign a letter of intent, including following contents:
Mode of cooperation, total amount of investment, registered capital, mode of investment, scope of business, production capacity, proportion for export and cooperation term. After the signing of letter of intent, with the approval of superior authority, the file will be reported to ASCFT&EC for record preservance.

Applying for import, export license and quota and going through all necessary procedures with the competent department.
The Chinese should apply to The State Ministry of Economic Cooperation and Foreign Trade for import or export licenses and quota on condition that products made in the joint venture now under discussion require import or export licenses and quota. The Chinese partners should go through all necessary procedures with the State competent department on condition that the project if under the control of State competent department.

Project proposal
The Chinese partner should draw up the project proposal and submit it to Anshan Municipal Planning Committee of Economic Committee for jointly examining and ratifying the projects using foreign investment via their competent departments.

Visitation at home and abroad
The phase of feasibility study
Feasibility study report
All parties to joint venture should jointly make the feasibility study on the project and draw up feasibility study report after the project proposal is approved. This work can also be entrusted to a consultative or design body. However, they must sign the study report for confirmation after it is drawn up by the entrusted body.

Demonstration, evaluation, examination and approval of Feasibility Study Report, granting a certificate of import equipment duty-free
The Chinese partner should submit the feasibility study report via their competent department to Anshan Planning Commission (new objective) and Anshan Municipal Commission of Foreign Trade and Economic Cooperation (objective of technology reformation) and other comprehensive departments to approve it after examination. Anshan Planning Commission and Anshan Economic Committee should submit the feasibility study report to the upper competent department when the investment amount exceeds that within powers and functions at the municipal level.

The phase of the examination and approval of Contract and Constitution, and the establishment of the joint venture companies
Drawing up and signing of the Contract and Constitution of the joint venture
All parties to the joint venture begin to draw up the contract, the constitution and its appendixes according to relevant laws and regulations of China only after the feasibility study report gets evaluated, examined and approved. All parties should sign them jointly after discussion with unanimous agreement.

Submitting the joint venture contract and constitution for examination and approval
The Chinese partner should submit the feasibility study report via their competent department to Anshan Planning Commission (new objective) and Anshan Municipal Commission of Foreign Trade and Economic Cooperation (objective of technology reformation) and other comprehensive departments to approve it after examination.

Business license
The Chinese partner, with the copy of the certificate of approval issued by Liaoning MOFERT, will go to the industrial and commercial administration in Anshan to take out business license.

For simplifying approval processes, Anshan Municipla joining approval office is established at Anshan Foreign Trade and Economic Cooperation Committee. All the above processes can be finished once a week.