In order to better serve the economic development of Inner Mongolia, the market regulation authorities in the autonomous region have implemented three measures to facilitate the registration of foreign-funded enterprises.

By the end of the first quarter of 2024, there were 943 registered foreign-invested enterprises in Inner Mongolia, representing a year-on-year increase of 12.4 percent.

Facilitating foreign-funded enterprise identity verification

For investors who use foreign permanent residency identity cards, Hong Kong and Macao resident permits, Chinese mainland travel permits for Taiwan residents, Taiwan resident permits, or passports certified by China's entry and exit management authorities with visas and entry procedures completed, notarization is not required as proof of investor qualification.

Leveraging the State Administration for Market Regulation's registration identity information verification system, identity verification can be conducted online when using Chinese mainland travel permit for Hong Kong and Macao residents, overseas Chinese passport, Chinese mainland travel permit for Taiwan residents, or foreign permanent residency identity cards for relevant business transactions, eliminating the need for in-person verification of related documents.

Fully implementing the "Convention Abolishing the Requirement of Legalisation for Foreign Public Documents," a simplified one-step certification process has replaced the traditional consular certification chain, streamlining procedures, reducing processing time and costs, and providing more flexible identity verification services for foreign-funded enterprises.

Optimizing negative list automatic verification

Upgrading the business entity registration system, establishing a correspondence between business scope and the negative list for foreign investment access, incorporating negative list industry restrictions during name declaration, and implementing automatic verification and selection based on the negative list during establishment submission to comprehensively promote the implementation of the negative list system.

Achieving "one-stop" foreign investment registration online

Advancing service innovation with "online processing, appointment processing, and postal processing," implementing online pre-approval of foreign investment registration application materials, offline submission of physical materials, and a streamlined process for "one-stop" handling.

Enhancing the one-stop platform for setting up businesses to include functions related to the registration of foreign-invested enterprises.