Approval for Foreign Investment Projects Takes Merely 5 Days
2013-November-20 Source:
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Guangzhou is a popular destination for foreign investment. Officials of the Guangzhou Municipal Bureau of Foreign Trade and Economic Cooperation recently announced that, in a bid to facilitate foreign investment, the bureau has launched China's first online approval service system for foreign-invested enterprises.

Under the system, unified application criteria, document requirements, approval standards, handling timeframes, and document formats are implemented, streamlining application procedures. The timeframe for approving a foreign investment project has been shortened to five business days, following a cut from 30 business days to 10 last year. By early October, Guangzhou has processed applications for more than 3,000 foreign investment projects through the new system.

Editor: 张斯
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