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Approval for foreign-invested enterprise to reduce registered capital

Based on the Law on Enterprise, Notification on Regulations and Procedures for Foreign-Invested Enterprises to Adjust Aggregate Investment and Registered Capital and Industry Index for Foreign Investment

Application procedure:

For the first time:

1. Application letter for reducing registered capital and revising relevant clauses in contracts and regulations (reasons for reducing registered capital and opinions of local government shall be noted).

2. Decision of the board on reducing registered capital and revising relevant clauses in contracts and regulations.

3. Capital verification report issued by accounting firm to prove the original registered capital is in place.

4. The original approval certificate and business license of the enterprise (copy).

Second time:

1. Application letter for reducing registered capital and revising relevant clauses in contracts and regulations.

2. Decision of the board on reducing registered capital and revising relevant clauses in contracts and regulations

3. Certification for the enterprise’s announcement on newspaper above provincial level in 30 days

4. Statement on the settlement and guarantee for debt.

5. Feasibility study report signed by legal representatives of investors and amendment on clauses of regulations and contracts (contract amendment is not needed for foreign-invested enterprises)

6. Original and copy of the approval certificate of the enterprise.

7. Name list of the board members

8. Enterprises established before 1998 shall hand in the copy of registration handbook of tax-free imported equipment; enterprises established after 1998 shall hand in the copy of certificate as national encouraged projects if needed.

9. Statement on tax-free imported equipment.

11. Audit report of last year issued by accounting firm

12. Capital verification report issued by accounting firm to prove the original registered capital is in place.

13. The approval letter for the first capital reduction.

14. Other documents required by approval authorities.

(The applicants shall hand in both the original document and copy of all the documents above or two copies if only the copy is required. Documents signed by a non-legal representative shall be handed in with the power of attorney signed by the legal representative.)

Duration: 15 working days for the first time; five working days and one working day for applying to get the certificate for the second time

Address: Window 47, Enterprise Service Center, 69 Wencheng Road

Tel: 6773 6041

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