China Business Scope

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China Business Scope

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Company business scope is country allow the commodity type, varieties and the service project of enterprise juristic person to produce and transaction. Legal limits of enterprise juristic person business activity range reflect the content of business activity and product direction. It embodies the core content of enterprise juristic person civil rights ability and behavior ability. In China, it is allowed enterprise legal business and enterprise illegal business of enterprise business range. Inter Area can provide clients the answer about company apply the business range in Shanghai, Shenzhen, Xiamen, Kunshan, etc.

In order to adapt to the new trend of global economic and trade development, China more positive opening to oversea. Focus on creating international and legalize business environment, strive for construction to become internationally standard about trade facilitation, free currency exchange, supervision, and management efficient and convenient and legal environment, etc. open in Shanghai, Shenzhen, and Xiamen free trade experiment area. At present, the free trade zone and the bonded area have basically the same function in the trade of goods. If investor establishes a company at free trade zone in Shanghai, Shenzhen, and Xiamen and wants to change the business range, need to pay attention at the open zone. We recommend to consulate with the agency before establishing a company or change business range at free trade zone in Shanghai, Shenzhen, and Xiamen.

 

Regulations about the business scope of China company

Due to general principles of civil law: “Enterprise juristic person should engage business within the scope approved and registered.” Legally prescribed the range of enterprise juristic person management and activity. After getting the approval of establishment company range, the enterprise has the rights and undertake the obligation can’t beyond the scope of management, if not, not only are not protected by the law but also subject to punishment. The approved scope of business is the legal limit to distinguish between the legal and illegal operation of an enterprise.

 

Provisions of law about changing the business range of China company

  1. The establishment of the company in Shanghai, Shenzhen, Xiamen, Kunshan and other areas of China shall be governed by the articles of association and registered in accordance with the law. After the establishment of a company, it may amend the articles of association and change its scope of business, but it should handle the change of registration.
  2. The legally established company gets the company's business license from company registration authority. The date of issue of the business license of the company is the date of establishment of the company. The company's business license shall set forth the name, domicile, registered capital, paid in capital, the scope of business and name of the legal representative of the company. If the business license of the company has changed, the company shall change the registration according to law, and the company registration authority shall renew its business license.
  3. China company changes the business range should be applied for within 30 days from the date of making the resolution or decision on the change. The change of business scope relates to the laws and administrative regulations or decisions of the State Council project requires approval before registration shall, within 30 days since the applicant company register the alteration of its business scope approved by the relevant departments of the national day.
  4. In China company business range, the provisions of the laws, administrative regulations or decisions of the State Council shall be approved by the project is revoked or canceled license or other approval documents, licenses, or other documents of approval expiration, shall be revoked, revoked license, apply for registration of change within 30 days from other documents of approval or license or other approval document expiry the date or cancel the registration in accordance with the relevant provisions of this ordinance.

 

Conditions for handling the China company business range

Conditions for handling the China company business range in Shanghai, Shenzhen, Xiamen, and Kunshan.  Shareholders are in compliance with a quorum, the capital contribution of shareholders reaches the minimum amount of statutory registered capital. Changes in the scope of business registration must apply at the original company registration authority applies for the registration of the scope of business change, if not, the company may not alter its registration without authorization.

Inter-Area has years of experience, can service clients not only the registration of the scope of business change in Shanghai, Shenzhen, Xiamen, Kunshan but also complete the direction of the company consulting, application documents, registration of local industry and commerce, to follow-up accounting services agent. If you want to establish a company in Shanghai, Shenzhen, Xiamen, Kunshan, we recommend finding an agency. Inter-Area provides one-stop service for clients, we also can pay attention to local business affairs. Clients can focus on their company and expanding a business.