Practice Areas Finance
Foreign Exchange Team

JXD has long been engaged in the study of the foreign exchange industry and has accumulated a great deal of relevant practical experience. At present, JXD has skilled lawyers who provide high quality legal services in this field for both domestic and overseas clients.

The services JXD’s foreign exchange team offers include, but are not limited to:

  providing foreign exchange advice to foreign invested enterprises
  regulation compliance verification
  foreign exchange legal service in the course of import and export trade
  foreign exchange registration
   

Within 30 days of obtaining a legal person business license, a company should apply to the foreign exchange bureau at the appropriate registration place for foreign exchange procedures. The application process requires the disclosure of basic information of the foreign invested enterprises and presentation of the following materials:

1. the approval document and certificate by the approving authority;

2. PRC legal person business license, original and a copy, from the State Industry and Commerce Administrative Bureau;

3. contract and AOA with the required and valid company approvals;

4. other documents required by the foreign exchange bureau.
Companies that have already gone through foreign exchange registration in the registration jurisdiction need not separately go through foreign exchange registration when setting up branches domestically or abroad.

After examination of the materials presented by a company, the foreign exchange bureau will issue to qualified companies a Foreign Exchange Registration Certificate for Foreign Invested Enterprises. The State Foreign Exchange Bureau bears the sole responsibility for establishing the format for foreign exchange registration.

  litigation concerning foreign exchange business
 
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