The main document for ordinary enterprises to handle ODI filing is to obtain the enterprise investment certificate of the Commercial Committee, which needs the approval of the Commercial Committee and the National Development and Reform Commission. In addition, enterprises involved in finance need the approval of the Finance Bureau, and a few state-owned enterprises need to pass the SASAC audit.
What are the benefits of ODI filing?
1) as the initial working capital for overseas investment;
2) As an account activation fee for opening a foreign bank account;
3) The profit return of foreign enterprises needs ODI filing support;
4) It is more convenient for foreign companies to cooperate with domestic and foreign companies.
The figure below shows the red-chip structure, which includes a complete cross-border investment process, including foreign investment+overseas investment+foreign investment landing. You can see that there is an ODI investment line on the far left, which is the importance and operation position of ODI in building a red chip structure.
The following figure shows the specific process of ODI filing operation. You can refer to it If there is any ambiguity, please leave a comment!
The main process is as follows:
(1) Commercial Committee (approval/filing of establishment of overseas institutions)
(2) Development and Reform Commission (investment project approval/filing)
(3) Bank (register with the bank for transfer)
The required materials include:
The name, address and director information of the foreign company;
The formal audit report of the past year;
Copies of identity cards of shareholders and legal representatives;
Copy of business license;
Original articles of association of the foreign company;
An explanation of the implementation of the preliminary work.