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Q&A Regarding Sole Proprietorship Enterprise (1)

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Q: What is a sole proprietorship enterprise?
A: A sole proprietorship enterprise refers to a business entity established in the territory of China according to law, invested by a natural person, whose property is owned by the individual investor, who bears unlimited liability for the debts of the enterprise with his personal property.

Q: What are the requirements for establishing a sole proprietorship enterprise?
A: The establishment of a sole proprietorship enterprise shall meet the following conditions:
  1. The investor is a natural person;
  2. There is a legal enterprise name;
  3. There is capital contribution declared by the investor;
  4. Having a fixed place of production and operation and necessary conditions for production and operation;
  5. Have the necessary practitioners.
Q: How to apply for the establishment of a sole proprietorship enterprise?
A: To apply for the establishment of a sole proprietorship enterprise, the investor or his entrusted agent shall submit to the registration authority where the sole proprietorship enterprise is located an application for establishment, proof of identity of the investor, proof of use of the production and business premises and other documents. When an entrusted agent applies for registration of establishment, it shall present the power of attorney of the investor and the legal certificate of the agent.

Q: What are the contents of the application for the establishment of a sole proprietorship enterprise?
A: The application for the establishment of a sole proprietorship enterprise shall state the following:
  1. The name and domicile of the enterprise;
  2. The name and residence of the investor;
  3. The amount and method of capital contribution of the investor;
  4. Business scope.
Q: What are the requirements for the name of a sole proprietorship enterprise?
A: The name of a sole proprietorship enterprise shall be consistent with its form of responsibility and the business it engages in.

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