Q:
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When will the Administrative Regulations of the People’s Republic of China on the Registration of Market Entities come into effect?
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A:
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The Administrative Regulations of the People’s Republic of China on the Registration of Market Entities shall come into effect on March 1, 2022.
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Q:
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Who are market entities under China’s laws?
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A:
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“Market Entities” shall refer to all natural persons, legal persons, and unincorporated organizations that engage in profit-oriented business activities in China, including:
1.
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Companies, non-corporate enterprise legal persons and their branches;
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2.
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Sole proprietorships, partnerships and their branches;
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3.
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Specialized farmers’ cooperatives and their branches;
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4.
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Individually-owned businesses;
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5.
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Branches of foreign companies;
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6.
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Other market entities stipulated by laws and administrative regulations.
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Q:
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What does the market entity registration include?
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A:
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It includes establishment registration, change registration and deregistration registration.
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Q:
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What are the general registration items of market entities?
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A:
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1.
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Name;
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2.
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Type of entities;
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3.
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Business scope;
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4.
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Domicile or main business premises;
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5.
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Registered capital or capital contribution;
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6.
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Name of legal representative, executive partner or person in charge.
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In addition, the following items should also be registered according to the type of market entity:
1.
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Names of shareholders of limited liability companies, promoters of joint stock limited companies, and capital contributors of non-corporate enterprise legal person;
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2.
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The name and residence of the investor of the sole proprietorships;
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3.
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Name, residence, and method of liability bearing of the partners of the partnership;
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4.
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Name, residence, and place of business of the individual business owner;
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5.
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Other matters stipulated by laws and administrative regulations.
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Q:
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Which department is responsible for the registration of market entities?
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A:
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Administration for Market Regulation.
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