Overseas enterprises cannot operate directly in the mainland and need to apply for overseas investment filing. Measures for the Administration of Overseas Investment of Enterprises came into effect on March 1 2065438. This method aims to strengthen macro guidance of overseas investment, optimize comprehensive services of overseas investment, improve supervision of the whole process of overseas investment, and promote the sustained and healthy development of overseas investment.

Overseas investment filing and declaration process 1) Project initiated by the National Development and Reform Commission

Apply for the project to the development and reform department and the entrusted management department, submit the project materials, and the domestic investor shall sign all the required legal documents, which shall be approved or filed by the department to be reformed, and issue the approval document or filing notice.

(2) The Ministry of Commerce approves the certification.

The business department shall approve or put on record and issue the Certificate of Overseas Investment of Enterprises, and the enterprise shall make overseas investment within 2 years after receiving the certificate.

(3) The State Administration of Foreign Exchange for the record.

The release of foreign exchange by banks is supervised by the safe. If the investment is more than $5 million, it shall be reported to the external management department. The Foreign Exchange Registration Certificate for Overseas Direct Investment shall be issued to domestic enterprises after being audited by the foreign capital management department.

These are the approval steps. The materials to be submitted include detailed information of overseas companies, audit reports of major domestic companies, preferably profitability, business licenses, bank accounts and official seals.