Ministry of Commerce, Adjusting the Standards of, and Verification and Permission Procedures for, the Right to Import and Export Business Circular

商务部关于调整进出口经营资格标准和核准程序的通知

September 02, 2003 | BY

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Issued: July 30 2003Effective: September 1 2003Main contents: The Circular states that all domestic enterprises registered within the PRC shall enjoy a…

Clp Reference: 5800/03.07.30 Promulgated: 2003-07-30 Effective: 2003-09-01

Issued: July 30 2003
Effective: September 1 2003

Main contents: The Circular states that all domestic enterprises registered within the PRC shall enjoy a uniform policy concerning the administration of the right to conduct import and export businesses (Section One). The minimum registered capital required of domestic enterprises applying for the right to conduct a foreign trade business is now lowered to Rmb1 million (from Rmb5 million). The requirement that a domestic enterprise be established for at least one year is also removed. The minimum registered capital required of production enterprises applying for the right to import and export for its own account is now lowered to Rmb500,000 (from Rmb3 million) (Section Four).

clp reference:5800/03.07.30promulgated:2003-07-30effective:2003-09-01

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