Shanghai Simplifies Application Procedures for Foreign Investors
In an effort to further facilitate foreign investment, Shanghai municipality has issued new measures on the approval and filing of foreign investment projects. Under simplified procedures, applicants will no longer be required to provide duplicate documents that can be obtained by mutual recognition and sharing of data via the Government Online-Offline Shanghai.
The new procedures apply to newly established or acquired projects of foreign investors and foreign-invested enterprises involving fixed-asset investment in Shanghai, and will be launched in several strategic functional areas, including Pudong New Area, the Lingang Special Area of China (Shanghai) Pilot Free Trade Zone, and the Hongqiao International Open Hub. They will go into effect from 1st March 2022 and remain valid until 28 February 2027.