Enterprises wishing to obtain the Confirmation for State-encouraged Foreign-funded Project shall provide the following documents and materials (3 working days):

1. Mandatory materials (one copy each):

A. Photocopies of approval documents and certificates for the establishment and asset increase of the enterprise;

B. Feasibility Study Report

C. Inventory of imported equipment (in duplicate)

2. Prerequisites:

A. The Confirmation for State-encouraged Foreign-funded Project will only be issued to enterprises that are approved or of which the assets are increased after Jan.1, 1998 and those whose main business belongs to the encouraged category in the Guiding Catalog for Foreign-funded Projects;

B. Imported goods are subject to the restrictions imposed by the Catalog of Taxable Imported Goods of Foreign-funded Projects;

C. The value of imported goods shall not exceed the total investment volume.

Enterprises shall meet the following requirements and provide the following documents to obtain the Certificate for Import and Renewal of Equipment, Technologies and Accessories by Foreign-funded Enterprises:

1. Documents to be provided:

A. Application

B. Photocopies of approval documents for the establishment of the enterprise, the Approval Certificate and the Business License;

C. Photocopy of the certificate especially issued to five categories of enterprises;

D. Inventory of the imported goods (in duplicate)

E. Feasibility study report on the renewal and maintenance of the exiting equipment;

F. Recent audit report of the enterprise

G. If the audit report states that the four types of capitals of the enterprise can not afford the renewal, the enterprise shall submit a separate accounting firm audit report for each type of the capitals.

2. Requirements:

A. The applying enterprise should belong to the following types of enterprises: foreign-funded enterprises that belong to the state-encouraged category, foreign-funded research and development center, foreign-funded enterprises with advanced technology, export-oriented foreign-funded enterprises;

B. Imported goods referred to here can only be used to update or replace the exiting equipment. They include self-use equipment and the related technologies, parts, and accessories, but exclude production lines and whole sets of equipment;

C. Imported goods are subject to the restrictions of the Catalog of Taxable Imported Goods of Foreign-funded Projects. If the imported goods are within the Catalog, the enterprise shall submit the Certificate for Import of Foreign Equipment of Foreign-funded Enterprises issued by the administrative organs in charge of the import of the relevant kind of goods.