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.
Eligibility requirements:
1. Based on Article 50 of the Regulations of Company Registration, where a branch company is ordered to close down or to be dissolved according to law, or its business license is canceled, the company shall, within 30 days from the date of making the decision of withdrawal, apply for cancellation registration with the registration authority of the branch company. In applying for cancellation of registration, the application form for cancellation registration signed by the company's legal representative and the branch's Business License shall be submitted.
2. For those involving approval items, the approval documents shall be submitted.
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.
