A guide to license transaction
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Eligible object: limited liability companies with foreign investment
Permissive basis: 1. The Company Law of the People's Republic of China 2. Regulations of the People's Republic of China on Company Registration 3. Law on Cooperation of Foreign-Funded Enterprise 4. Law on Sole Proprietorshipof Foreign-Funded Enterprise 5. Law on Cooperation of Foreign-Funded Enterprise
Item type: Items Subject to Administrative Examination and Approval
License type: report the relevant paperwork
Decisive authority: the highest level administrative registration authority responsible for entitling the name for an enterprise.
Permissive license and validity period: business license of business entity
Long-term legal validity: changes of relevant registered items of the company
Permissive condition: 1. conditions prescribed by the corporate law 2. conditions prescribed by regulation on enterprises in the three forms of joint venture, cooperative business and foreign investment.
Permissive way: examination and approval
Permissive amount: unlimited
Committed period: 7 working days
License fee: 1.registration of business entity with less than or equal to 10 million yuan, charge 0.8‰ of the total registered capital; entity exceeding 10 million yuan’s of registered capital, charge 0.4‰ of the surplus; entity exceeding 100 million yuan’s registered capital, no fee for the surplus.2. for enterprises without legal person qualification and braches of business entity that can not meet the civil liabilities independently, the registration fee is 300 yuan. 3. 50 yuan for each preparatory business.
Registration fee for enterprise alteration: 100 yuan for enterprise alteration. 1. for enterprises with increased registered capital, in case of less than or equal to 100 million worth of registered capital, charge 0.8‰ of the increased registered capital, entity exceeding 10 million yuan’s of registered capital, charge 0.4‰ of the surplus; 2.no fee for surplus of enterprises exceeding 100 million yuan’s registered capital.
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Permissive basis
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Article 201 of The Company Law of the People's Republic of China
Article 202 of Regulations of the People's Republic of China on Company Registration
Article 217 of Law on cooperation of foreign-funded enterprise
Article 218 of Law on sole proprietorship of foreign-funded enterprise
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Working procedure
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Acceptance( 4 working days) →approval ( 2 working days) →finish ( 1 working day)
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