The guideline aimed to boost inter-departmental sharing of basic and credit information of enterprises. Repetition in submitting identical registration information will be avoided. Integration of the Internet with governmental services will be further boosted to improve efficiency for approvals.
Supervision will be strengthened to oversee registration and post-registration procedures with clearly-defined departmental responsibilities, while a new supervisory mechanism will be established centering on corporate credits.
The document also encouraged local governments to explore new ways in the integration process and boost assessment and rankings for local business facilitation in accordance with international benchmarks for business environment.
On Oct. 1, 2017, China merged the business license, the organizational code certificate and the tax registration certificate into one.
One year later, the country further encompassed the social insurance registration certificate and the statistical registration certificate into the business license, a move that has significantly reduced institutional costs.
A State Council executive meeting on Oct. 14, 2016 decided that more enterprises-related certificates will be integrated with the business license to facilitate business startups, boost social creativity and boost employment.
Further actions have been undertaken since to accelerate the process.
【国内英语资讯:China to spur market vitality via integration of certificates】相关文章:
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