How long does it take to open a small loan company to be approved?

Generally, it takes 1 month to review the establishment of small loan companies. In order to improve administrative efficiency, the Trade and Industry Bureau should conduct a review as soon as possible. An enterprise as a legal person shall be established after applying for industrial and commercial registration, being approved and registered by the registration authority and obtaining the Business License for Enterprise as a Legal Person.

legal ground

Article 14 of the Regulations of People's Republic of China (PRC) Municipality on the Administration of Enterprise Legal Person Registration.

An enterprise as a legal person shall apply to the registration authority within 30 days after the approval of the competent department or the examination and approval authority; The application for industrial and commercial registration by an enterprise without a competent department or examination and approval authority shall be examined by the registration authority. The registration authority shall, within 30 days after accepting the application, make a decision on whether to approve or disapprove the registration.