Foreign-Invested Enterprises flow 1 Provide letter of intent for JV or provide authorization for wholly owned foreign enterprises 2 Inquire and register company name in industrial and commercial administration department 3 Feasibility report and incorporation charter (Contract is additionally required for JVs) 4 Report to the authorities for approval and carbon copy to relevant departments 5 Apply the certificate of approval 6 Apply to industrial and commercial administration departments for business license 7 Apply to technical supervision bureau for organization code certificate 8 Apply foreign exchange registration and establish a basic bank account 9 Conduct necessary procedures of tax registration 10 Conduct necessary procedures of custom registration 11 Conduct necessary procedures of fiscal registration 12 Business operation