Joint Annual Examination for Foreign Investment Enterprises in China

Joint Annual Examination for Foreign Investment Enterprises in China

Thanks to the improved investment environment in China, more and more enterprises choose to establish a foreign investment enterprise in China. The Chinese government requires the related authorities to jointly perform an annual examination on the foreign investment enterprise, so as to ensure that the sustainability of the legal interests of enterprises.

Benefited from its profound knowledge of the business environment in China, Conpak provides professional advices on the enterprise’s business operation in the forthcoming year based on its operation status in addition to the provision of the joint annual examination for foreign investment enterprises in China.

Procedures of the Joint Annual Examination

Providing the required information for annual audits → Issuing an audit report by the CPA → Conducting the joint annual examination and reporting → Filing with the related authorities to stamp for the annual examination → Transferal of the relevant information.

Dates for the Joint Annual Examination

The company is required to conduct the joint annual examination from 1 March up to 30 June every year commencing from the second year following its establishment and once a year thereafter.

Related Authorities for the Joint Annual Examination

• Bureau of Foreign Trade & Economic Cooperation
• Administration for Industry and Commerce
• Financial Bureau
• National Tax Bureau
• Local Tax Bureau
• Bureau of Statistics
• Administration of Foreign Exchange

Late Performance of the Joint Annual Examination

An enterprise is subject to a penalty for late performance of the joint annual examination from the related authorities according to laws and regulations. An enterprises that suffered from serious lateness for the joint annual examination will be compulsorily deregistered.

For further information regarding the joint annual examination for foreign investment enterprises in China, please feel free to contact our professional consultants for free-of-charge consultation service.