At least 100 thousand funds and 5 employees were released yesterday. The municipal labor and Social Security Bureau issued the notice on further regulating the administrative licensing work of employment agencies.

Clearly set up employment agencies, at least need to reach 100 thousand yuan of funds and 5 employees minimum conditions.

According to the regulations, the citizens who are preparing to start a job placement institution must meet the following criteria for obtaining administrative permission: first, there are clear business scope, such as the object, mode and content of the employment service; second, there are fixed places and office facilities that are suitable for the area of business, which are not less than 50 square meters, and third, with funds of not less than 100 thousand yuan, the institutions that apply for the organization of the job recruitment fair shall have no less than 500 thousand yuan of funds; fourth, there are not less than 5 full-time staff, and those who apply for the organization of job recruitment fair shall have full-time staff of not less than 20 persons; fifth, other conditions that are required by laws and regulations.