Guangzhou Reforms the Institution of Commercial Registration
2014-January-22 Source: Newsgd.com
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On 30th Dec, 2013, the Administration for Industry and Commerce of Guangzhou announced that the reformed institution of commercial registration will be implemented in all districts of Guangzhou since 1st Jan, 2014, instead of only six experimental areas. According to the new institution, the commercial subjects which have related investment relationship may be registered in a same domicile, which means that there may be several business licenses registered in one place. Further, the domicile and the actual place of business of the commercial subject, which are located in the same district, may be separated, and the actual place of business need not to be registered but only needs to be filed at the administration. Besides, the requirement of minimum registered capital is cancelled, and the capital needs not to be paid-in capital when registration. In other words, the association should state the share subscription and the period shorten than the period of business license, which means the business license will be issued before the certificate of approval.

(This information is provided by Lawyer Kelly Xie from Guangdong KaiTong Law Firm in friendship. It is not any legal opinion or legal grounds addressed to any organization or individual. For inquiry, please contact Kelly via email at Kelly_xie@ktlf.com.cn or by phone on 13926185641.)

Editor: Olivia
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