Detailed description of each process:
What to say and pay attention to at each step: precautions
1. Multi-department joint meeting to discuss items: Some development zones or economic parks are directors' office meetings or other forms. This meeting mainly involves the future investment density, foreign investment ratio, paid-in capital, encouraged industries, floor area ratio, output efficiency, social benefits and other relevant management departments to send people to participate in the collective discussion on the feasibility of the project, so the feasibility study report is very important. This is a relatively open discussion process. Although there may be personal leadership, passing the project at the meeting depends on strength and content. This is the most critical step of pre-approval. A good feasibility report can make you get twice the result with half the effort;
The most critical step of pre-approval
2. Examination and approval of China Merchants (China Bureau of Foreign Economic Cooperation): Once the multi-department joint meeting passes the project demonstration, the examination and approval procedure will begin. If foreign capital is involved, it must first obtain the approval and reply from China Foreign Economic Cooperation Bureau (China Merchants Bureau). The approval time varies from a few days to several months.
3. Industrial and commercial registration procedures: After obtaining the approval of the Foreign Economic Cooperation Bureau (China Merchants Bureau), you can bring all other materials to the industrial and commercial department for registration. Generally, it takes 3-5 working days to get the business license after the information is complete, but the actual situation basically takes about 1 month, because basically all articles of association or joint venture contracts drafted by enterprises will not meet the requirements of the industrial and commercial bureau and need to be revised many times. If you modify the design and business scope, you need to go to the Foreign Economic Cooperation Bureau. The articles of association or joint venture contract must be standardized to avoid unnecessary waste of time.
4. National tax and bank account opening: The procedures of these two steps are relatively simple, but you must be careful when choosing an account opening bank, because not every bank can successfully convert foreign currency into RMB in the future. Once you encounter an incompetent bank, foreign currency will depreciate every day. Be careful when choosing an account bank.
5. Paid-in capital in place and capital verification: According to the approval requirements at the time of examination and approval, the first phase of funds should be in place within 3 months after obtaining the business license. Once the funds arrive in the bank's capital account, the accounting firm should be asked to issue a capital verification report and apply for a new business license according to the capital verification report. The paid-in capital in the registered capital for replacement is the amount indicated in the capital verification report.
6. Settlement of foreign exchange and pre-deposit: The funds remitted into the capital account are foreign currencies, which cannot be directly used in China, and should be converted into RMB. Due to the implementation of foreign exchange control in China, foreign currency settlement can only be carried out with the permission of the State Administration of Foreign Exchange, and ordinary banks will assist in handling it, but not every bank can handle it well. After the settlement of foreign exchange is converted into RMB, some of them must pay the deposit for land auction and auction in advance.
7. The process of hanging land public signs: Now all the land in Hangzhou can only be signed through the process of bidding, auction and hanging. There are public bidding announcements on the websites of general land and resources departments. According to the regulations, all qualified enterprises can bid for procurement. In fact, except for the enterprises that have completed the above procedures, other participating enterprises do not meet the requirements. Therefore, if you don't go through the previous approval procedures, you don't have to try to bid, and it won't be others who suffer in the end. Enterprises that have not gone through the above procedures should not try to bid.
8. Signing land transfer procedures: After the bidding, auction and hanging process is completed, other documents need to be prepared, such as transaction confirmation, planning red line, survey and demarcation report, environmental protection approval and other materials. Only when these documents are ready can the land transfer procedures be signed.
The above is only a brief introduction to the whole approval process, and many of them are very different for different enterprises, so don't be surprised if you encounter something different from the above description. However, according to national regulations, if you encounter something very different from the above in the process of handling now (excluding before 2008), it basically means that the project you approved is unlikely to pass, or the government violates regulations, and your project will be in trouble in the future.