Processing time:
Within seven workdays based on a legal permit of 30 workdays
Legal basis for approval: Order No 42 of the President of the People's Republic of China (PRC) - Company Law;
Order No 41 of the President of the PRC - PRC Law on Foreign-Capital Enterprises;
Order No 48 of the President of the PRC - PRC Law on Chinese-Foreign Equity Joint Ventures;
Order No 40 of the President of the PRC – PRC Law on Chinese-Foreign Contractual Joint Ventures and other related laws and regulations.
Regulations on the Registration of Company Legal Representative of the PRC
Eligibility requirements:
1. Based on Article 23 of the Company Law of the PRC, the incorporation of a limited liability company shall meet the following requirements:
1) The number of shareholders conforms to the statutory number;
2) The capital contributions of the shareholders reach the statutory minimum amount of capital;
3) The shareholders have jointly formulated the articles of association;
4) The company has its name and has established an organizational structure in conformity with the requirements for a company with limited liability;
5) The company has its own domicile.
2. Company is in compliance with China's industrial policies.
3. Effective pre-licensing or approval documents.
Charging standard and legal basis:
Standard: 0.08‰ of the registered capital. For those whose registered capital exceeds 10 million yuan ($1.58 million), an additional 0.04‰ of the added capital is charged. If the registered capital exceeds 100 million yuan, there is no extra charge.
Legal basis: No 1707, Price set by National Development and Reform Commission (NDRC) and the Ministry of Finance [1999]; No 279, Price set by Henan Provincial Price Bureau and Department of Finance [1999]; No 414, Price set by the Ministry of Finance and Department of Price of NDRC [1992]; Article 56 of Regulations of Company Registration of the PRC.
