State Administration for Industry and Commerce, Opinions on Supporting Guangdong in Accelerating its Transformation, Upgrading and Creation of a Happy Guangdong

国家工商行政管理总局关于支持广东加快转型升级、建设幸福广东的意见

May 04, 2012 | BY

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Foreign enterprises allowed to register their names directly with Guangdong provincial administration.

Clp Reference: 1100/12.03.22 Promulgated: 2012-03-22

Issued: March 22 2012

Main contents: The Guangdong Administration for Industry and Commerce is delegated the authority to accept applications for the registration of names of foreign-invested enterprises that do not contain the name of the administrative area (Article 1).

Article 3 eases the conditions for the registration of enterprise names. If an enterprise in Guangdong Province has registered capital of at least Rmb50 million and the nature of its economic activities falls within at least three principal categories of national economic industries, the use of a national economic industry category to describe the industry in which the enterprise is active in the enterprise name may be dispensed with. Enterprises that establish comprehensive regional headquarters in Guangdong Province may use words such as “headquarters” or “regional headquarters” as well as “South China”, “Southern”, etc. in their names. We support the registration of idiosyncratic enterprise names that reflect the business operator's industry or the distinguishing feature of its operations.

Article 4 eases the conditions for the registration of enterprise groups. With respect to the establishment of groups by enterprises in Guangdong Province, provided that the parent company has registered capital of at least Rmb30 million and the parent and subsidiaries in the group have registered capital totalling at least Rmb50 million, an application may be made to establish an enterprise group.

Article 15 supports the asset integration, consolidation and re-organisation of, and the establishment of groups by, outstanding enterprises in Guangdong Province. Companies may themselves select the type of restructuring. The companies may simultaneously submit applications to the administration for industry and commerce for the registrations relating to the merger or division and carry out the procedures together. The amount of the registered capital and paid-in capital of the company surviving a merger or newly established as the result of a merger shall be specified in the merger agreement. Companies applying for the registration of multiple changes at the same time is supported.

clp reference:1100/12.03.22promulgated:2012-03-22

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