On June 1, Beijing-based investment entities began to adopt a paperless approach when filing municipally-administrated overseas investment projects, according to the city's Development and Reform Commission.
After logging onto the designated service platform, entities with an electronic signature or seal can submit documents, while those without them can get their documents officially stamped and then upload them in PDF format.
The authorities will then examine the documents and inform companies of their results via a text message.
Since the epidemic of this year, besides obtaining record-filing notices from the Municipal Administrative Service Center, investors can now also receive them by mail. So far, over 50% of the companies chose the mail service.
So far, Beijing has carried out several rounds of reform on the record-filing process of overseas investment projects. In August 2016, companies were already able to submit documents online, and receive record-filing notices from the municipal administrative service center.
Currently, the Development and Reform Commission and the Municipal Commerce Bureau are pushing forward reforms that will allow companies to complete the entire process with a single form.
In 2019, the Municipal Development and Reform Commission handled a total of 659 overseas investment projects.
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