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Investment procedures

Updated : 2019-07-22

By ( chinadaily.com.cn )

Examination and approval for establishment of foreign-funded businesses

Organization: Harbin Investment Promotion Bureau

Conditions:

Foreign investors are foreign companies, other economic organizations or individuals (except for persons prohibited by law).

Application materials:

1.Application form for establishment of foreign-funded businesses.

2.Notification of the pre-approval of trading name by the market supervision and administration department (copy).

3.The approval document for the project by the development and reform department (in the case of non-commercial enterprises).

4.Project approval report (in the case of commercial enterprises).

5.Articles of association.

6.List of imported equipment (not required for businesses without imported equipment).

7.Qualification certificate of the investor (which shall be notarized by the national notary office and the Chinese Embassy. Hong Kong, Macao and Taiwan investors' certificate or identity certificate shall be affiliated with notarization documents issued by local institutions).

8.Investor's credit certificate.

9.Appointment letter for members of the board (or executive director) issued by the investor.

10.List of board members (or executive directors) of a foreign-funded business.

11.Identity certificate (copy) and signature of the board members (or executive director).

12.The lease agreement and ownership certificate of the house or site used in the production or office of the enterprise.

13.Authorization for the service of legal documents signed by the foreign investor (the authorizer) and the recipient of the domestic legal document (the authorized person), with the address and phone number of the authorized person.

Other materials

1.Particular industries are required to acquire approval of the competent department first. If land or environmental protection departments are involved, the relevant materials should be submitted to the territorial and environmental protection departments.

2.In the case of non-monetary investments, the list of contributions shall be provided: in the case of technology investment, price basis and the price are required; in the case of funding with renminbi (RMB) profit, the profit distribution plan, audit report and the tax certificate of the profit provider are required; in the case of funding with cross-border RMB, the certificate of capital origin is required.

3.An entrusted letter shall be provided for authorized signature.

4.Manufacturing businesses should provide the registration form of land conservation and environmental protection.

Fees: none

Process: "One-stop" processing at windows

Processing time: three working days

Periodical inspection: foreign-invested companies should log in to the online reporting system of the Ministry of Commerce to submit an annual investment and management report.

Add: Investment and Promotion Bureau, B region of the 2nd floor of Shimin Building, No 181 Zhongshan Road, Nangang district, Harbin

Examination and approval for foreign investors merging domestic companies

Conditions:

1.The domestic companies should be non-foreign-invested businesses established in accordance with China's laws and regulations.

2.Foreign investors are foreign companies, other economic organizations or individuals (except for persons prohibited by law).

Application Materials

1.Agreement of domestic company's stockholders on the merging of equity by foreign investors.

2.The application for the establishment of a foreign-invested enterprise from the merged domestic company in accordance with the law.

3.Contracts and articles of the association of foreign invested businesses established after the merger and acquisition. (Foreign-invested companies provide articles of association only.)

4.Agreement for foreign investors to purchase equity interest of domestic shareholders and to subscribe for capital increase in domestic companies.

5.Financial audit report of the recent financial year for the merged domestic company (copy).

Identification or opening certificate of the investor, which should be notarized by the notary office of his/her home country and shall be certified by the Chinese embassy. Investors from Hong Kong, Macao and Taiwan should provide notarized documents and credit documents from a local notary public.

7.Description of the business invested in by the merged domestic company.

8.Business license of the merged domestic company and its invested businesses.

9.Employee placement plan for the merged domestic company.

10.Relationship between foreign investor and merged domestic company.

11.Certificate of original shareholders of the domestic company issued by registration institution.

12.Asset Assessment Report.

13.The situation of creditor's rights and debts.

14.Project approval document issued by the development and reform department.

15.Copies of appointment letter, identity card and signature of the member of the board of directors.

16.List of members of the board of directors (stamped with seals of both Chinese and foreign parties).

17.Authorization letter for service of legal documents issued by foreign investors.

18.Manufacturing companies should provide the registration form for land conservation and environmental protection.

19.The lease agreement and ownership certificate of the premises and sites used in the production or office of the company.

20.If some licensed projects are involved, relevant licenses (original and photocopy) should be submitted.

21.Industries involved in security audits need to be reviewed for safety.

Fees: none

Process: "One-stop" processing at windows

Processing time: three working days

Periodical survey: foreign-invested companies should log in to the online reporting system of the Ministry of Commerce to submit an annual investment and management report.

This English version is only for reference. To learn more, please refer to the authoritative Chinese version.

 

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