Foreign projects with a total invested capital of under US$10 million are approved by the People’s Government of Songjiang District.

Foreign Economic Commission of Songjiang District take charge of project approval, coordination with foreign enterprise, management and relevant service.

1. The approving procedure of sino-foreign joint venture or cooperative enterprise

1.1 Chinese party registers the company to the Industrial & Commercial Bureau

1.2 Work out feasibility report, corporation charter and contract by both parties and submit to the People’s Government of Minhang District for approval

1.3 By dint of the reply to feasibility report, corporation charter and contract, claim organization code certificate to the relevant department

1.4 After the approval of feasibility report, contracts, corporation charter, apply for approval certificate to the Minhang Economic and Trade Bureau

1.5 Apply for business licenses to the bureau. By dint of approval certificate, within 30 days, register to the Songjiang Industrial & Commercial Bureau. The Industrial & Commercial Bureau issues the enterprise its business license within 7 days.

2. The approving procedure of wholly foreign-owned enterprise

Foreign investors grant authorized agency to handle application and approval etc. The procedure should refer to the approving procedure of sino-foreign joint venture or cooperative enterprise.

3. Project approving procedure

3.1 project registration (1 working day)

required documents: written request, business license of both parties, bank credit certification, identification paper of legal person, project intent, land intent agreement, project proposal.

3.2 project approval (5 working days)

3.2.1 submit to the executive officer of the commission (2 working days)
3.2.2 submit to the district officer of Songjiang District for approval (3 working days)
required documents: written request, feasibility report, corporation charter and contract work out by both parties, the notice of permission of name use issued by the Industry & Commerce Bureau, project approval form, land lease aggrement, name list and appointment of board of directors, senior management staff registration form and other relevant document

3.3 the issue of certification (1 working day)
investor takes out certification and reply
investor offers materials: the enterprise legal person code

3.4 other proceedings
3.4.1 the procedure is within the range of the district
3.4.2 approving document should be registered
3.4.3 other work such as add capital just refer to the procedure

4. Required document

4.1 work out project proposal: capital investigation, contract intent (foreign owned enterprise needs certificate of entrustment), project proposal, certificate of opening business.

4.2 enterprise name registration: application of name registration, form of name registration, project proposal and the reply, certificate of opening business

4.3 submission of feasibility report, corporation charter and contract: project proposal and the reply, feasibility report, corporation charter, contract, name list of board of directors and senior management staff, certificate of assets evaluation

4.4 application for permission certification: request for application for permission certification (Chinese party), certificate of opening business, project proposal and the reply, the reply of feasibility report, corporation charter, contract, name list and appointment of board of directors and senior management staff

4.5 take out business license: application and form of the Industry & Commerce Bureau registration, certificate of approval (duplicate), feasibility report, corporation charter, contract and the reply, name list and appointment of board of directors and senior management staff, identification paper (duplicate), credit certification of investor, land certification, other relevant document

5. assets evaluation procedure
If the state-owned enterprise makes investment with equipment and workshop, an assessment report should be provided.

5.1 submit to the State Assets Administrative Office for approval and then entrust relevant organization to evaluate.

5.2 the organization evaluates the assets and issues the an assessment report.

5.3 submit the report to the District State Assets Administrative Office for approval, and take out the certificate of confirmation of the assessment report.

6. required document

6.1 company office seal: business license (duplicate), letter of introduction, ID card of client should be provided. (letter of introduction of foreign owned enterprise should be provided by the agency)

6.2 foreign exchange registration: business license (duplicate), feasibility report, corporation charter, contract, approval paper (duplicate)

6.3 account opening: business license (duplicate), approval paper (duplicate), entrustment of the board, application for RMB account opening, filling out the card. If foreign exchange account will be opened, foreign exchange-use certificate and written request of foreign exchange account opening should be provided.

6.4 tax registration: business license (duplicate), approval paper (duplicate), ID card of legal person, approval paper of project proposal, tax registration of Chinese party (duplicate), contract, corporation charter, account, name list of board, form of tax registration should be provided.

6.5 customs registration: business license (duplicate), approval paper (duplicate), contract, corporation charter, certificate of tax registration should be provided.

6.6 commercial inspection registration: business license (duplicate), feasibility report, contract, charter, approval paper, form of commercial inspection should be provided. Export enterprise should handle export generalized preference registration.