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China simplifies process for foreign enterprises

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Starting June 30, most functions will be done online across country.


China will further simplify the process of setting up foreign-invested enterprises to promote its high-standard of liberalization and facilitation of trade and investment, the State Council decided at an executive meeting chaired by Premier Li Keqiang on Wednesday.


One-stop service and a single required form will be needed to file and register a foreign-invested enterprise. The whole process will be conducted online and free of charge. This practice, which will take effect on June 30, is expected to significantly shorten the time required to start a foreign-invested enterprise.


A foreign businessman seeks opportunities at the 15th China Hi-tech Fair in Shenzhen


Real-time sharing and coordinated management of information on foreign-invested enterprises will be promoted among the banking, customs, taxation and foreign exchange authorities. Government inspection will also be strengthened to ensure that measures are fully implemented.


In the Government Work Report this year, Li said procedures to set up foreign-invested enterprises would be simplified and business filings and business registrations would be processed simultaneously together.


The premier said at the meeting that consolidating the filing and registration procedures for such enterprises is a matter of high significance. He called for all government departments concerned to fully collaborate and coordinate their work to make things easier for such enterprises.


According to the Commerce Ministry, over 35,600 foreign-invested enterprises were set up in 2017, up by 27.8% year-on-year. Foreign investment rose 7.9 percent from 2016, hitting a new high of 877.5 billion yuan.


Measures were also adopted at the meeting to establish a unified e-platform for accessing government services and to have items that require an office visit to be done in one place in a single visit.


All government services will be put on this platform unless laws stipulate otherwise or to protect confidentiality. The government will remain committed to a unified e-platform for all government services and link separate networks. In principle, no department will be allowed to set up an independent system.


"Government services are to serve public good and hence must be universally accessible. Current technologies have made it possible to do many things online," Li said. "What's important is to introduce a unified e-platform for all government services by linking the separate networks."


The State Council also decided that the procedures for accessing government services will be further simplified. There will be no repeated requirement for materials that can be shared and reused. Electronic licenses will be more widely introduced, and their reciprocal recognition will be further promoted.


中国将如期从6月30日起简化外企设立程序


中国将够如期从2018年6月30日起在全国推广商务备案与工商登记“一口办理”,简化外企设立程序,降低外企进入中国的第一道门槛。


中国商务部副部长王受文在国务院新闻办公室举行的新闻发布会上作此表示。他坦言,如以人民币计价,2018年4月中国吸收外资额同比仅增长0.1%。在国际引资竞争日趋激烈情况下,中国吸收外资形势面临“比较大的压力”,需要出台有力措施来吸引外资。


王受文称,实现商务备案与工商登记“一口办理”,就是要打通地方商务部门和工商与市场监管部门两个部门的信息系统,实现两个部门的数据共享。此外,还要让外企登录各地工商与市场监管部门网站的“单一窗口”,在线填写“单一表格”,就可以同时办理商务备案和工商登记手续,不用跑两个部门,也不用重复填写信息,整个过程“无纸化”“零见面”“零收费”。


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