ODI Filing (Outbound Direct Investment) is the filing or approval process required when Chinese domestic enterprises make direct investments abroad.

Cases requiring ODI filing include:
1. Establishing new overseas companies or acquiring equity in foreign enterprises
2. Capital increase or shareholder loans to overseas enterprises
3. Establishing overseas branches or representative offices
4. Investments through overseas Special Purpose Vehicles (SPVs)
5. Other forms of outbound direct investment

Unfiled overseas investments may face capital outflow restrictions, penalties, or even criminal liability.

Basic documents required for ODI filing include:

1. Domestic Investor Documents:
- Business license copy
- Articles of Association
- Financial statements for the most recent year
- Audit report (if applicable)

2. Overseas Investment Project Documents:
- Investment feasibility study report
- Investment or acquisition agreement
- Target company registration documents
- Due diligence report (if applicable)

3. Other Documents:
- Board resolution
- Proof of funding sources
- AML declaration

Additional documents may be required depending on industry and investment size.

ODI filing time varies based on project complexity and regulatory requirements:

1. Simple Filing Projects:
- MOFCOM filing: 5-10 working days
- SAFE registration: 3-5 working days
- Total: Approx. 2-3 weeks

2. Projects Requiring NDRC Approval:
- NDRC approval: 20-30 working days
- MOFCOM filing: 5-10 working days
- SAFE registration: 3-5 working days
- Total: Approx. 1.5-2 months

3. Sensitive Industry Projects:
- May require additional industry regulator approvals
- Total: 2-3 months or longer

Our expedited service can reduce processing time by about 30%.

The Chinese government imposes restrictions or prohibitions on overseas investments in the following industries:

1. Restricted Industries:
- Real estate
- Hotels
- Cinemas
- Entertainment
- Sports clubs
- Equity investment funds or platforms without specific businesses

2. Prohibited Industries:
- Industries threatening national security
- Industries harming national interests
- Industries violating international obligations
- Sensitive technology and product exports

3. Encouraged Industries:
- "Belt and Road" construction
- International production capacity cooperation
- High-tech and advanced manufacturing
- Energy resource development

Our consultants can assess whether your investment project complies with regulatory requirements.

After completing ODI filing, companies must comply with the following ongoing requirements:

1. Annual Reporting:
- Submit annual information through the "Outbound Investment Management System" by June 30 each year

2. Significant Event Reporting:
- Changes to investment entity
- Investment amount changes exceeding 20%
- Major adjustments to equity structure
- Investment termination or cancellation

3. Fund Usage Supervision:
- Ensure fund usage matches filing purpose
- Prohibit false investments or capital flight

4. Tax Compliance:
- Overseas income tax reporting
- Transfer pricing documentation preparation

5. Forex Management:
- Subsequent capital outflow must comply with forex regulations
- Profit repatriation requires registration

We provide ongoing compliance support services after ODI filing.