Foreigners usually need to meet certain conditions to invest in China. The following are some common requirements:
1. Compliance with Chinese laws, regulations, and industrial policies: The investment fields and projects should comply with relevant Chinese laws and regulations, and not fall within the scope of prohibiting or restricting foreign investment.
2. Having a clear investment plan and funding source: having a clear investment plan, including investment amount, investment method, investment period, etc., while also having legal funding sources.
3. Establishing a legal corporate entity: In accordance with Chinese laws and regulations, enterprises such as wholly foreign-owned enterprises, Sino foreign joint ventures, Sino foreign cooperative enterprises, etc. shall be established within the territory in accordance with the law, and corresponding registration procedures shall be handled. Enterprises should have actual business premises, pay taxes and social insurance in accordance with the law, and have no serious records of illegal or dishonest behavior.
4. Employment of qualified personnel: If foreigners are required to work in China, employers and foreigners must meet the corresponding conditions. Employers should be established in accordance with the law, have actual business premises, pay taxes and social insurance in accordance with the law, and have no serious records of illegal or dishonest behavior; The positions for foreigners should be those with special needs, suitable candidates are temporarily unavailable in China, and do not violate the relevant national regulations; The wages and salaries paid to foreigners employed shall not be lower than the local minimum wage standard; If laws and regulations require pre-approval from industry regulatory authorities, approval must be obtained. The applicant should be at least 18 years old, in good health, have no criminal record, have a confirmed employer within the country, and possess the necessary professional skills or appropriate knowledge level to engage in their work; The work undertaken is in line with the needs of China’s economic and social development, and is a professional in urgent need and shortage domestically; If laws and regulations provide otherwise for foreigners working in China, such provisions shall prevail.
5. Comply with relevant approval and filing procedures: Depending on the specific situation of the investment, it may be necessary to obtain approval, filing, or registration from relevant government departments.
In addition, the Chinese government has been working hard to optimize the business environment, attract foreign investment, and may revise and improve specific requirements based on economic development and policy adjustments.
