First of all, shareholders of domestic enterprises need to go through ODI filing procedures at the Provincial Department of Commerce and the Provincial Development and Reform Commission. The Ministry of Commerce is responsible for the overall examination and approval of overseas investment of enterprises, and issues the Certificate of Overseas Investment of Enterprises to enterprises that meet the requirements. Secondly, the National Development and Reform Commission is responsible for supervising the flow of enterprises' overseas investment industries and issuing the Notice of Filing Overseas Investment Projects for qualified enterprises. Finally, SAFE is responsible for supervising the relevant procedures of foreign exchange registration and capital withdrawal. After the filing formalities are completed, the foreign exchange registration formalities shall be completed in the bank according to the Provisions on the Administration of Foreign Exchange for Overseas Direct Investment by Domestic Institutions.
Second, analysis
Odi, namely foreign direct investment, refers to the economic activities that China enterprises and groups invest in foreign countries, Hong Kong, Macao and Taiwan in the form of cash, physical objects and intangible assets, and its core is to control the management rights of foreign enterprises. Foreign direct investment is an important part of China's strategy of going global, and it is also a positive measure to actively participate in the international division of labor, make good use of two resources and two markets, absorb foreign advanced technology and management experience, and grasp external information in time.
Third, why do you want ODI for the record?
With the increasing number of overseas listed companies, the importance of ODI declaration is increasingly apparent. ODI filing is not only one of the compliance ways for enterprises to invest or go public overseas, but also brings a series of conveniences and advantages to enterprises. After the successful declaration, the enterprise can legally and legally complete the exit of domestic funds and ensure the smooth return of subsequent overseas funds to China. At the same time, opening up legal channels for the circulation of domestic and foreign assets will help domestic and foreign enterprises to optimize the allocation of resources and better help enterprises to successfully list overseas.