About HKTDC | Media Room | Contact HKTDC | Wish List Wish List () | My HKTDC |
繁體 简体
Save As PDF Print this page
Qzone

Guangdong Streamlines New Business Establishment Procedures

The Guangdong Provincial Administration for Market Regulation has issued new guidelines intended to reduce the time required to establish a new business within the province. This will be partly facilitated by government agencies sharing information, reducing the need for duplicate registration procedures, while the need for the pre-approval of enterprise name is to be abolished and the time taken to produce official business chops cut to just half a working day.

Initiated by the Guangdong Provincial Public Security Department, the Guangdong Provincial Tax Service of the State Administration of Taxation and a number of other local government bodies, it is hoped that the measures will cut the time taken to launch a new business in the province to just five working days. It is also believed that changes will facilitate broader market access for Guangdong-based enterprises.

Among the more specific measures to be adopted are the following:

  • A mechanism for the sharing and mutual recognition of information relating to establishing a business is to be adopted. Utilising the information necessary to secure a business licence as the initial basis, a mechanism of information sharing and mutual recognition with a unified social credit code as identifier will be established in order to deliver whole-process, cross-regional and cross-sector information sharing.
  • A “single window” system will be promoted and the “parallel production” of chops, invoices and other businesses necessities will be initiated. This will see a number of different government departments working together to maximise information dissemination and to streamline examination, approval and other related procedures.
  • The enterprise registration procedures will be improved, with the business name pre-approval requirement rescinded. Instead, the voluntary declaration process regarding the enterprise’s name will be combined with company establishment registration in the hope that a registration decision will be made within three working days of the initial receipt of any application.
  • The need for official approval prior to the production of official chops will be abolished in favour of record filing, with all official chop production then completed within half a working day.
  • Application procedures for the issuance of invoices to newly set-up companies will also be streamlined.

For further details (in Chinese), please access the following link:

Work Plan of Guangdong Province for Shortening the Time for Setting Up New Businesses (Yue Shi Jian Gui Zi No.1 [2018])

Content provided by Picture: HKTDC Research
Comments (0)
Shows local time in Hong Kong (GMT+8 hours)

HKTDC welcomes your views. Please stay on topic and be respectful of other readers.
Review our Comment Policy

*Add a comment (up to 5,000 characters)