According to Company Law of the People's Republic of China, Regulations of the People's Republic of China on Administration of Registration of Companies and Regulations of Annual Inspection for Enterprises, from January 1st to April 30th every year, SHAIC takes an annual inspection on foreign investment enterprises in Shanghai.
The way of the annual inspection for the foreign investment enterprises in Shanghai is called joint annual inspection, which means that during the inspection, SHAIC, together with other six administrative institutions (namely Shanghai Foreign Trade and Economy Committee, Shanghai Foreign Investment Working Committee, Shanghai Municipal Financial Administration, Shanghai Municipal Administration of State (Local) Taxation, Shanghai Custom and Shanghai Administration of Exchange Control), sets a fixed venue, accepting the declaration of annual inspection materials from enterprises.
The foreign investment enterprises with its local branches shall begin to take part in the annual inspection from the next year of being registered in Shanghai.
The foreign investment enterprises shall first come to the register authority by February 15 each year to apply for the annual inspection report form by holding business license (an original and a duplicate) and IC card (e-business license), and then during the month of April submit all the annual inspection materials to the joint inspection venue.
The annual inspection report form can be downloaded and submitted via www.sgs.gov.cn.
Foreign Enterprises with contracting and management activities in Shanghai and the Shanghai branch of foreign investment enterprises registered in other provinces could declare annual inspection materials directly to the register authority in stead of participating in the joint annual inspection.
Shanghai foreign investment enterprises registered at State Administration for Industry and Commerce (SAIC) shall declare annual inspection materials to SAIC.