• Descripti on		Procedure		Key Details		Support from IFEZ
  Business Preparation Stage		Expression on Intent of Investment		Submit the investment intent&proposal(Business proposal) Submit Letter of Investment (LOI) Provide proof documents on the execution capacity - Business Information Memorandum on the investors and consortium member companies (Company status, performance, financial status, organinzation, and internal agreement, etc.) - Financing plan and proof documents and forms issued by financial instititions		- Feasibility Study support * Information on physical environmental investment conditions to be provided, such as site surveys * Provide data on risk factors (Risk factors on country, market, business approval, and management, etc.) (Risk factors regarding Country, Market, Business Approval, and Management) - Provide various information relevant to business
  		Submission of Business Proposal		Goal/background of business Development Plan (Define a concept, facilities to introduce, development strategy, construction plan/darwings) Financing and input plan - Equity and financing Business implementation plan and structure Business feasibility analysis result, and its implications Project Management - Project process management plan - Risk Management - Negative impact reduction plan Collection, repayment scheme Management/operation plan - Site/facility management/disposal,sale - How to attract brands and tenants, etc		- Information on how to prepare the business proposal - Where appropriate, introduce domestic partner firms(Developer/constructor, law firm/accounting/consulting/financial institutions) - Provide related technical data on the project - Information on available support, incentives and administrion services
  		Deliberation of Business Proposal		Feasibility study and deliberation on the business proposal Validate execution capacity of investors Designate a priority negotiator when judged to have superior execution capacity		- Assess the feasibility, probability, and stability of the business plan - Review reasonableness of the business implementation method - Perform credit check - Check the commitment of consortium members and financing capabilities
  		Negotiation		Set out the agenda on negotiation through discussions Proceed with negotiation Agree on investment principles (MOU or Execution Agreement, Basic Agreement)		- Reduce the overall period and minimize the administration cost by setting up predictable negotiation agenda
  		Selection of Business Developer		Execute leading investment procedures - Complete the execution team organization - Designate the business developer - Foreign company or consortium Implement investment procedures - Investment reporting - Introduction of the initial fund - Equity payment - SPC foundation or set-up an affiliate - Regisration as a foreign in vestment company		- Support on investment procedures with the agent service provided - Guidance to setting up an SPC - Advisory service on legal, accounting and tax issues - Information on issues with the induction of foreign capital and the introduction of the object of investment
  		Land Contract		Appraisal on the land to be cond ucted by IFEZ Sign the land contract and pay the security deposit Ownership registration to be transferred after the final payment		- Sale of state-owned property and the loan will be signed in a private contract - A long-tem repayment scheme will be accepted in the case of purchase - Interest on loan in the case of lease will be reduced or exempted - Land acquisition related taxes will be reduced or exempted(Mostly local taxes)

Business implementation Phase

• Procedure		Details		Support from IFEZ
  Obtaining business approval		Implement assessment on the environmental effect Approve implementation plan Obtain an approval for design and construction review		- Process agenda regarding approval - Generalized supporting services by IFEZ - Operate full charging support system by project(Specify Project Manager) - Specify Foreign Investment Zone
  Development startup		Start factory construction Start creation of the site (Civil engineering)		- Approval to use before the completion of site and facilities - Support SOC infrastructure (Infrastructures will be supported with priority)