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Shanghai Municipal Approval Procedures of Setting up Auction Business
(06/21/2005)

Authority: Service Industry Administration Office of Shanghai Economic Committee

Application procedures:
1) Application letter (shall contain definitely name, registered capital and source, address, business scope, feasibility study, and other necessities of the institution that proposes to set up auction business)
2) Approval document by the appropriate authority or board decision of the applier
3) Certificate of the proposed legal person and business license of the applier, and identity certificate of natural person
4) Chart of the auctioneer and the auction rules
5) Valid certificate of property right or use right for the qualified business premise
6) Certificate of the charted auctioneer
7) "Pre-approval Notice of Enterprise Name" by the industry & commerce administration
8) Certificate of Cultural Relics Professional Qualification shall be submitted as well in case of applying for setting up cultural relics business

Handling procedures:
Application --> Acceptance --> Approval --> Sign --> Stamp --> Form issue

Charge standard and basis: Free of charge
Submit to: Shanghai Municipal Committee of Commerce
Handling address: NO.7 Building, 200 People Avenue

Audituser:
Handling basis: "Laws of Auction of P. R. China", "Shanghai Municipal Regulations of Review and Approval of Auction Business", "Shanghai Municipal Administration Procedures of Cultural Relics Business"
Tel: 63119233
Homepage:
Handling time: 9:00 to 17:30, holiday excepted
Handling deadline: Review and determination shall be made within 20 days on and after the date that the application is received, and official notice shall be sent to the corporate or personal applier
Applier qualification: All the corporate legal person having registered in Shanghai, and the natural person with the registered permanent residence in Shanghai