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Policies on Foreign Investment


6. Foreign Exchange Administration


Enterprises, within 30 days upon obtaining the “Business License for the Legal Person of an Enterprise of the People's Republic of China”, shall apply for foreign exchange registration in local foreign exchange administration bureau. Materials to be submitted to the foreign exchange bureau include: 1) documents and certificates issued by authority for the approval and establishment of the enterprise; 2) original copy of “Business Licenses for the Legal Person of an Enterprise of the People's Republic of China” issued by the State Administration Bureau of Industry and Commerce and its duplicates; 3) approved and effective contracts and articles of association of the enterprise; 4) other documents required by the foreign exchange administration bureau. Upon obtaining the foreign exchange registration certificate, enterprise may open a foreign exchange account in the bank with the registration certificate and account-opening notice.

 

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