Ease of Doing Business in
Kunming - China
This page summarizes Doing Business data for Kunming. The first table shows its rank among 30 cities/regions in China. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.
Economy Overview
| Region |
East Asia & Pacific |
| Income Category |
Upper middle income |
| Population |
1,344,130,000 |
| GNI Per Capita (US$) |
4,930.00 |
|
Ease of Doing Business Rank among 30 cities in China
|
Top city in China |
| n.a. |
n.a. |
Subnational Data
Starting a Business
Info
The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.
| Indicator |
Kunming |
East Asia & Pacific |
OECD |
The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries). View methodology
Procedures (number)
|
14 |
7 |
5 |
The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments. View methodology
Time (days)
|
42 |
36 |
12 |
Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law. View methodology
Cost (% of income per capita)
|
13.9 |
22.4 |
4.5 |
The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita. View methodology
Paid-in Min. Capital (% of income per capita)
|
383.0 |
13.4 |
13.3 |
| No. |
Procedure |
Time to Complete |
Associated Costs |
| 1 |
Obtain notice of Pre-Approval of the Company Name
|
1 day
|
RMB 50.00
|
| 2 |
Open a preliminary bank account, deposit funds in the account and obtain the certificate of deposit
|
1 day
|
RMB 30.00
|
| 3 |
Obtain capital verification report from an auditing firm
|
7 days
|
RMB 500.00
|
| 4 |
Obtain registration certification "Business License of Enterprise Legal Person" from local Administration of Industry and Commerce (AIC)
|
10 days
|
RMB 72.66 (Registration fee: 0.08% of registered capital; copy of Business License: RMB10)
|
| 5 |
Obtain approval from the police department to make a company seal
|
1 day
|
No cost
|
| 6 |
Make a company seal
|
2 days
|
RMB 200.00
|
| 7 |
Obtain the Organization Code Certificate issued by the Quality and Technology Supervision Bureau
|
7 days
|
RMB 148.00
|
| 8 |
Register for national tax
|
1 day
|
RMB 25.00
|
| 9 |
Register for local tax
|
1 day
|
RMB 25.00
|
| 10 |
Open a bank account for the company and transfer registered capital to the account
|
5 days
|
No cost
|
| 11 |
Apply for the authorization to print or purchase financial invoices
|
5 days
|
No cost
|
| 12 |
Purchase invoices
|
1 day
|
RMB 40.00 (RMB0.7-1.1 per set of invoices)
|
| * 13 |
File for recruitment registration with local Career Service Center
|
1 day (simultaneous with procedure 11)
|
No cost
|
| * 14 |
Register with Social Welfare Insurance Center
|
1 day (simultaneous with procedure 11)
|
No cost
|
* Takes place simultaneously with another procedure.
Subnational Data
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