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Changsha streamlines commercial registration

Updated: 2015-03-27

 

Changsha, the capital of Hunan province, will make commercial registration procedures easier and simpler in an effort to cut down on what used to be a lengthy process.

It will soon experiment with a new commercial registration system under which the required number of certificates for commercial establishments to start operations will be cut down to one from three.

Starting from April 1, enterprises in Changsha will only need to fill in one set of forms and materials to apply for one unified certificate rather than three. They previously needed to acquire the business license, the certificate of organization codes and the certificate of taxation registration, all of which will now be combined into one single document.

As one of the significant measures to further streamline administration and delegate power to lower levels, Premier Li Keqiang said in the 2015 Government Work Report that the authorities will further simplify the process for registered capital by gradually integrating the above-mentioned three certificates.

Actually a pilot program for such a "3-in-1 certificate" has already been launched in some provinces, for instance, in Jiangsu, since the end of last year, which has won wide public support because of its convenience. According to the State Administration for Industry and Commerce, the "3-in-1 certificate" will be introduced nationwide this year.

This administrative approval reform makes it more convenient for companies, increases the efficiency of the administration and saves administrative costs.

Compared with the program in other pilot areas nationwide, the Changsha reform features less paperwork, simpler procedures, and eventually shorter time for enterprises to acquire a business license, as it will now only take four and half working days, nearly four times faster than the legal time limit of 19 days. 

Edited by Zhang Qiong, Mevlut Katik
Source: Hunan Daily