1. After an enterprise obtains the right to operate foreign trade, it shall go through the filing formalities of the foreign exchange bureau at the local branch of the State Administration of Foreign Exchange with a good certificate of import and export right and relevant applications;
2. For enterprises without the right to operate foreign trade, if there is an objective need to carry out foreign exchange receipts and payments business, they can also register with the SAFE;
3. After the materials reviewed by the foreign exchange bureau are correct, the enterprise shall be registered through the foreign exchange monitoring system for goods trade, and an online business account of the monitoring system shall be opened for the enterprise;
4, the foreign exchange bureau through the monitoring system to release the national enterprise filing information to financial institutions.
Provisions on foreign exchange management of overseas direct investment by domestic institutions
Article 7
After the overseas direct investment of domestic institutions is approved by the competent department of overseas direct investment, they shall go to the local foreign exchange bureau for foreign exchange registration of overseas direct investment with the following materials:
(1) Apply in writing and fill in the Application Form for Foreign Exchange Registration of Overseas Direct Investment (see Annex1for the format);
(2) explanation of the source of foreign exchange funds;
(3) The valid business license or registration certificate and organization code certificate of the domestic institution;
(four) the approval documents or certificates of the overseas direct investment authorities for the investment;
(5) If the upfront expenses are remitted, relevant explanatory documents and remittance vouchers shall be provided;
(6) Other materials required by the foreign exchange bureau.