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Corporate Service - China

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Q&A Regarding the Administrative Regulations of the People’s Republic of China on the Registration of Market Entities (4)

Answer
Q:
How long does it take to apply for market entity registration?
A:
The registration authority conducts formal review over the application materials. Confirm and register on the spot if the application materials are complete and conform to the legal form. If it is not possible to register on the spot, it shall be registered within 3 working days; in case the situation is complicated, it may be extended by another 3 working days with the approval of registration authority officer.

Q:
Under what circumstances the registration authority will not approve registration?
A:
In the following cases, the registration authority will not approve the registration and explain the reasons:
1. The registration application does not comply with laws and administrative regulations;
2. The registration application may endanger national security and public interests.

Q:
When is the incorporation date of market entities?
A:
For market entities registered in accordance with the law, Business License will be issued. The issuance date of the Business License is the incorporation date of the market entities.

Q:
How many sets of Business Licenses can a market entity apply?
A:
The Business License is divided into the original and the duplicate. You can apply for 1-2 duplicates. In addition, you can also apply for an electronic Business License.

Q:
Is there any difference between the original and duplicate of the Business License?
A:
The original and duplicate of the Business License have the same legal effect. The electronic Business License and paper Business License also have the same legal effect.

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