An estimate by the World Bank moved China up 65 spots between 2013 and 2017 in the ranking of ease of starting a business, and the amount of time required was shortened from 33 days to 22.9 days.
According to a decision at the meeting, the procedures that a new firm needs to go through to become initially operational will be further streamlined. The whole business registration process will be conducted online. Government approval of the names of businesses prior to registration will no longer be needed unless specifically required.
The record-filing procedure of official seals will be included in the reform to integrate different certification requirements on business registration. Applicants may also choose carving service providers on their own.
No separate tax registration will be required and no separate social insurance registration certificate issued for companies that have obtained business licenses with unified social credit codes. The amount of time needed for invoice application and social insurance registration will also be reduced.
"An enabling business environment that unlocks market vitality is crucial for achieving sustained, high-quality development in China. The biggest potential for our development lies in the vast domestic market and the creativity of all market entities," Li said.
"Reducing the government-imposed transaction cost will be the priority of the reform of government functions going forward, and there is still a great deal that can be done in this respect. The government must continue to make determined efforts to cut red tape, enhance compliance oversight and provide better services," he said.
【国内英语资讯:China makes greater efforts to better business environment】相关文章:
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