Qingdao Economic and Technological Development Zone Management Committee (hereinafter referred to as the Development Zone Management Committee) is responsible for the examination and approval and management of foreign-funded enterprises within the development zone. Article 4 The Municipal Economic and Trade Commission, the Administrative Committee of the Development Zone and the relevant government departments shall establish the concept of serving enterprises, assist enterprises to handle relations with all parties, and supervise enterprises to carry out production and business activities according to law. Article 5 The legitimate rights and interests of foreign-capital enterprises are protected by the laws, regulations and rules of China, and no unit or individual may infringe upon them.
Foreign-funded enterprises must abide by the laws, regulations and rules of China, operate according to law and pay taxes according to regulations. Article 6 The investment direction of foreign investors in establishing foreign-funded enterprises in this Municipality must conform to the Law of the People's Republic of China on Foreign-funded Enterprises and the relevant provisions of the State and the industrial-oriented policies of this Municipality. Article 7 The registered capital of a foreign-capital enterprise shall be consistent with the scale of operation and the civil liabilities undertaken by the enterprise. The proportion of registered capital and total investment of foreign-capital enterprises shall be implemented with reference to the Interim Provisions of the State Administration for Industry and Commerce on the Proportion of Registered Capital and Total Investment of Sino-foreign Joint Ventures. Article 8 When applying for the establishment of a foreign-funded enterprise in this Municipality, a foreign investor may submit the following documents to the Municipal Economic and Trade Commission (in the case of the Municipal Economic and Technological Development Zone, the Development Zone Management Committee, hereinafter referred to as the municipal examination and approval authority) directly or by entrusting the foreign economic and trade consulting company of this Municipality and other authorized units:
(1) Application Form for Establishing a Foreign-funded Enterprise in Qingdao;
(two) the feasibility study report of the project;
(3) Articles of association of the foreign-capital enterprise;
(4) Registration certificate of foreign company;
(5) A notarized power of attorney from the foreign company to the legal representative;
(6) Balance sheets of foreign companies;
(7) the foreign exchange balance plan of the foreign-capital enterprise;
(eight) the letter of appointment and resume of the legal representative of the foreign-capital enterprise;
(9) Notice of the Administration for Industry and Commerce on the approval of the enterprise name.
The above documents shall be provided in both Chinese and foreign languages. Among them, the articles of association and feasibility study report of foreign-funded enterprises must specify the investment progress. Article 9 The municipal examination and approval authority shall, within 15 days from the date of receiving all the documents listed in the preceding article, give a reply or forward a report.
Where a foreign-funded enterprise with a total investment of less than $30 million (including $30 million) is established, the construction conditions and production and operation conditions do not need comprehensive national balance, the municipal examination and approval authority shall consult with the Qingdao Municipal Planning Commission and the Economic Commission for examination and approval.
Where a foreign-funded enterprise with a total investment of more than US$ 30 million or less is established, but the construction conditions and production and operation conditions need a comprehensive balance of the country, the Municipal Economic and Trade Commission (or the Municipal Planning Commission) shall be responsible for transmitting it to the Ministry of Foreign Economic Relations and Trade of the People's Republic of China for approval. Article 10 A foreign-capital enterprise approved for establishment shall be issued with a "Certificate of Approval for Foreign-capital Enterprise" by the Municipal Economic and Trade Commission. Article 11 A foreign-capital enterprise shall, within 30 days from the date of receiving the approval certificate, apply to the Administration for Industry and Commerce for registration and obtain a business license, and within 30 days from the date of obtaining the business license, submit the list of the main members of the enterprise management organization to the municipal examination and approval authority for the record. Article 12 A foreign-capital enterprise must set up accounting books at the place where the enterprise is located, conduct independent accounting, and submit accounting statements and other relevant statistical statements to the Finance Bureau, the Taxation Bureau and the enterprise management department in accordance with regulations. Article 13 The annual production plan and export commodity plan of a foreign-capital enterprise shall be reported to the enterprise management department for the record. Where the import and export commodities involved in license management, foreign-funded enterprises shall apply for licenses in accordance with the relevant provisions of the state and this Municipality. Article 14 If the total investment, registered capital, business scope, domestic and foreign export ratio of products, legal representative and other important matters of a foreign-capital enterprise need to be changed within the term of operation, it shall be reported to the original examination and approval authority for approval, and the change registration formalities shall be handled at the Administration for Industry and Commerce. Article 15 The staff and workers of a foreign-capital enterprise have the right to establish a trade union organization, carry out trade union activities and safeguard the legitimate rights and interests of the staff and workers in accordance with the Law of the People's Republic of China on Trade Unions and the Articles of Association of China Trade Unions.
A foreign-capital enterprise shall provide necessary funds and conditions for its trade unions. Article 16 If a foreign-capital enterprise suffers serious losses during its operation period or is unable to continue its operation due to force majeure, it may be terminated in advance with the approval of the original examination and approval authority by the foreign investor, and shall be liquidated according to legal procedures.
Before the liquidation is completed, the enterprise property shall not be disposed of except for the purpose of liquidation. Article 17 Unless otherwise stipulated by the state, the preferential policies of the state and this Municipality for Sino-foreign joint ventures and Sino-foreign cooperative ventures are applicable to foreign-capital enterprises. Eighteenth wholly-owned enterprises established by investors from Hongkong, Macao and Taiwan Province in this Municipality shall be implemented with reference to these measures.