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Updated 2008/9/28

Procedure of application for, examination and approval of Sino-foreign equity joint ventures and Sino-foreign contractual joint ventures
  2008-09-26 10:49

Procedure of application for, examination and approval of Sino-foreign equity joint ventures and Sino-foreign contractual joint ventures
 
Domestic enterprises   
 
 negotiation by two parties for cooperation intention
 
 Foreign investors
Mainly by Chinese party,the project proposal should be composed and feasibility reports should be submitted to the related authorities. The readyprojects should be submitted to Plan Committee. The projects of technological transformation should be submitted to Economic and Trade Committee. Privately-owned enterprises should be submitted to Industrial and Commercial Administration Bureau.
For projects encouraged by the state and with investment less than USD10 million, local regional and municipal government can do the examination and approval by themselves.
 
For projects with investment less than USD30 million, the related authorities of InnerMongolia Autonomous Region do the examination and approval if it obtain the consent of local government. For projects with investment more than USD 30 million or those restricted by the state, the projects should be submitted to the related authorities of the state.
 
 
 
For projects withinvestment less than USD30 million, the Foreign Trade and Economic Commission of Inner Mongolia Autonomous Region does theexamination and approvalif it obtain the consent of localgovernment. For projects with investment more than USD 30 million orthoserestricted by the state, the projects should be submitted to the Foreign Trade and Economic Ministry for examination andapproval.
 
The approval documents can bereceived from the Foreign Trade and Economic Commissionof Hohhot.
 
Registration in Industrial and Commercial Administration Bureau andaward of business license.
 
Land use procedure, opening bank account, registration at Tax Bureau, Registration atCustoms, check of registered capital
 
construction
 
opening and production
 
Parties of Investors
 
Selection of projects and consultation
 
 
Examination and approval of Feasibility report
 
Examination and approval ofcontract and regulation of enterprise
 
Receiving ofapproval documents
        of the design
 



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