Enterprise Annual Inspection
Enterprise annual inspection refers to enterprise qualification review performed by the industrial and commercial administrative authorities on an annual basis. The companies, which have passed the annual inspection, shall be deemed qualified to be continuously engaged in business operations the next year and those, which have not passed the annual inspection shall not be able to be engaged in business operations the next year. The companies, which have been reluctant to go through annual inspection by law, shall be ordered by the enterprise registration authorities to go through the inspection within a set timeframe, along with a penalty ranging from RMB 10,000 through RMB 100,000. If they do not go through annual inspection within an ordered time frame, their business licenses shall be revoked.What Company Need Annual Inspection?
Any and all those business license-holding limited liability companies, companies limited by shares, unincorporated business entities, partnership enterprises, individual proprietorship enterprises and their affiliates, the foreign companies operating in China and any other entities must go through annual inspection.
What Time to Do Annual Inspection?
It is stipulated in Article 5 of the Measures for the Annual Inspection of Enterprises that the annual inspection shall commence on March 1st and end on June 30th of each year. An enterprise, which is established and registered in the current year, shall go through annual inspection the next year.
About 30 working days.
The enterprise annual inspection services that we can provide you include:
• Annual inspection application
• Annual inspection postponement/extension