Ministry of Commerce Implements Paperless Record-Filing (Approval) of Outbound Direct Investment
23 March 2020
The General Office of the Ministry of Commerce (MOFCOM) issued on 9 March the Circular on Improving the Administration of Paperless Record-Filing (Approval) of Outbound Direct Investment to implement the decisions and deployment of the central government, co-ordinate and advance the development of epidemic prevention and control, promote and improve the facilitation of outbound direct investment (ODI), effectively reduce the burdens of enterprises, and minimise the impact of the pandemic on the development of ODI. Effective immediately, enterprises will no longer be required to submit paper documents when going through record-filing (approval) procedures for ODI in principle. They only need to submit to MOFCOM or the provincial commerce authority the pdf files of the paper documents by uploading them onto the outbound investment co-operation information service application system under MOFCOM’s unified business platform. They may opt to submit paper documents offline if they deem it inappropriate to submit them online.
Source: Ministry of Commerce
- Mainland China