Electronic Business License China
All enterprises operating in Mainland China should be officially registered and have a business license. The license is the official proof of incorporation of the company and therefore companies must present the license when handling official company affairs, such as applying for corporate structural changes or other operational procedures with the authorities, tax bureau or the bank.
Five-In-One Business License
The Chinese authorities are trying to simplify administrative procedures and to reduce bureaucratic hurdles with the aim of developing a market-based economy and “promoting mass entrepreneurship and innovation”. Therefore, they have instituted administrative reforms simplifying China’s business establishment and registration procedures In October 2015, the “Three-in-One” business license has been implemented, a single integrated business license instead of three separate certificates (i.e. Business License, Organization Code and Tax Certificate) when registering. In October 2016, it is the “Five-in-One” business license, which is including the Social Security and Statistics Bureau Certificate, has been implemented and shall replace the previous ‘Three-in-One’ business license.
