1. Obtain the license to engage in auction business.
2. It has registered capital suitable for its auction business.
3. There are auctioneers who meet the prescribed conditions.
4. Have a fixed business place.
The auction company needs to make the following preparations:
1. Obtaining the license to engage in auction business: this is the basic condition for conducting auction business, and it is necessary to obtain the corresponding license or qualification confirmation from relevant departments.
2. Having registered capital suitable for its auction business: this is the basis for ensuring the company's operation and taking risks. The specific requirements of registered capital will vary according to the company's business scale and regional differences.
3. Having an auctioneer who meets the prescribed conditions: An auctioneer is the core personnel of an auction company and needs to have corresponding professional knowledge and skills and meet the qualification requirements of relevant laws and regulations.
4. Having a fixed business place: this is the infrastructure for the company to carry out business, and it needs to comply with the provisions of relevant laws and regulations.
To sum up, the establishment of an auction company requires corresponding qualifications and conditions, including obtaining permission to engage in auction business, having registered capital suitable for its auction business, having an auctioneer who meets the prescribed conditions and having a fixed business place. In the application process, it is necessary to understand relevant laws and policies, prepare and submit application materials, and cooperate with relevant departments to conduct on-site verification or provide further information. After finally getting the license, the auction business can be officially launched.
Legal basis:
People's Republic of China (PRC) auction law
Article 11
If an enterprise is allowed to engage in auction business, it must be examined and approved by the competent department of auction industry of the local people's government of the province, autonomous region or municipality directly under the Central Government. A city with districts may set up auction enterprises.