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Top 6 new regulations influencing Chinese businesses

chinadaily.com.cn | Updated: 2018-06-01 06:45

1 Simplify foreign company processing

Starting June 30, the processing procedure to establish foreign companies will be simplified by using one set of forms in one place to file and register a foreign enterprise.[Photo/VCG]

Starting June 30, the processing procedure to establish foreign companies will be simplified by using one set of forms in one place to file and register a foreign enterprise, Chinese Premier Li Keqiang said on May 16. No paper, meetings and charges are needed to establish a foreign company, so the processing time will be cut extensively. China will also promote banks, customs, taxation offices and foreign exchange institutions to share and manage foreign companies' information in a timely and coordinated manner.

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