First step:
1. Change the shares in government departments including Industry and Commerce Administration;
2. Change the legal representative in government departments including Industry and Commerce Administration.
3. Change the business license and tax registration in government departments including Industry and Commerce Administration (if, for a business license and tax registration of information no legal representative, then the business license and tax registration may not change)After the completion of above work, please do next.
Second step:
1. You have to provide the joint venture agreement and the legal representative and shares information and change the business license and tax registration to your Ministry of Foreign Affairs notarization.
2. You provide the joint venture agreement and the legal representative and shares information and change the business license and tax registration to the Chinese embassy notarization.
Third step:
1. You send us the following information with DHL:
a. Joint venture agreement
b. Business license tax registration and a copy of the cover seal
c. shares file changed in government departments including Industry And Commerce Administration
Fourth step:
Their or You bank send a Pre-Advice Government financial guarantees to our bank with SWFIT (your issuing bank issues Pre-Advice Government financial guarantees send to our bank.
Fifth stepThe investor’s bank in China issues the loans for the project to government or private individual bank for the project as per the JV contract.
Final stepgovernment or private individual bank opens official government financial guarantees to the investor’s bank with SWFIT
IMPORTANT INFORMATION:
Please note that once the bank guarantee or government financial guarantee is provided to the investor’s bank the investors shares will be transferred back to the government or private individual.