Investment in Chongqing
Summary of
Economic Statistics of Chongqing
Summary of
Foreign
Trade in Chongqing
Summary of Recent Foreign Investment in Chongqing
Summary of Recent Chongqing Investment Overseas
Government Organisations Dealing with Foreign Investment
Investment Flow Diagram
Documents Required for Foreign Investment
(a)
Sino-Foreign Equity/Contractual Joint Venture
(b)
Wholly-Owned Foreign
Enterprises
Summary of
Foreign Trade in Chongqing
Summary of Recent Foreign Investment in Chongqing
Chongqing was
the earliest open city in inland China. Today the foreign economic cooperation is increasing
dramatically. According to the statistics of the customs, from January to June
in 2005, there were 37 newly signed projects, including foreign project
contracting, labor service cooperation and design and consultation service. The
contract value was 53.85 million dollars, 68% higher than the same period of
2004. The volume of business was 36.73 million dollars, 27% lower than the same
period of 2004.
Summary of Recent Chongqing Investment Overseas
There are 15 newly
approved external investment enterprises (institutions) with the total
investment of 16.36 million dollars, 148% higher than the same period of 2004.
In which 10.59 million dollars are invested by Chinese enterprises. There are 12
newly approved overseas enterprises with the total investment of 16.21 million
dollars and 3 newly approved overseas institutions with the total investment of
150,000 dollars. In 2005 there were 932 persons from Chongqing sent overseas for
employment, 20% higher than the same period of 2004. Now there are 5,471 persons
abroad, 2% higher than the same period of 2004.
Chongqing Development Planning Commission (Chongqingshi Guihua Ju)
12 Fuhou Lu, Lai Shan District
Chongqing Investment Development Board ((Chongqing Touzi Cujin Jv)
Add: 71 Jianshe Lu
Chongqing
Foreign Trade and Economic Cooperation Bureau
Add: No.71 Jianshe Road, Chongqing Shandong
Province P.R China
Chongqing Investment Development Board
Add: No.71 Jianshe Road, Chongqing Shandong
Province P.R China
Investment Flow Diagram
1. Approval of Letter of Intent for equity and/or
contractual joint venture (except wholly foreign-funded enterprise), Project
Proposal and Feasability Study
2. Approval of the Contract and Articles of Association by Foreign Trade
Economic Cooperation Bureau and relevant departments
3.
Preverification and registration of company name at Industrial & Commercial
Administration
4. Organisation code registration at Technology supervision Bureau
5. Issue PRC foreign-funded enterprise approval certification
6. Appraisal of Environment Impact by Environment Protection Bureau
7.
Industrial and
Commercial Administration issues Business License
8. Organise Registration at technology Supervision Bureau
9. Tax Registration at State & Local Taxation Bureau
10. Customs Registration at Customs Office
11. Foreign Exchange Registration at People's Bank of China
Documents Required for
Foreign Investment
(a)
Sino-Foreign Equity/Contractual Joint Venture
Documents to be submitted
1. Application for
setting up enterprises
2. Project proposal
3. Letter of Intent (Equity and Contractual JV) and feasibility study report
4. Environment Impact Approval
5. Equity (Contractual) JV contracts, articles of association
6. List of Board of Directors and assignment letter of directors
7. Approval letter of company name
8. List of production equipment
9. House leasing contract or land use contract
10. Other documents required by approval departments
Documents to be submitted by foreign enterprises
(All documents need to be prepared in Chinese)
1. Copy of
company business license
2. Legal person registration certificate
3. Legal person registration certificate (non-legal person: individual seal
certificate)
4. Credit certificate issued by the bank
5. Legal representative notarized signature
(b)
Wholly-Owned Foreign Enterprises
Documents to
be submitted
1. Application for
setting up enterprises
2. Project proposal
3. Project feasibility study
4. Environment Protection Approval
5. Articles of association for foreign–funded enterprises
6. List of Board of Directors and assignment letter of directors
7. Approval letter of company name
8. List of production equipment
9. House leasing contract of land use contract
10. Other documents required by approval departments
Documents to be
submitted by foreign enterprises
(All documents need to be prepared in Chinese)
1. Copy of company
business license
2. Legal person registration certificate
3. Legal person seal original certificate (non-legal person: individual seal
certificate)
4. Balance sheets in recent three years
5. Credit certificate issued by the bank
6. Legal representative notarized signature
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