New version 5-in-1 incorporation certificate and business registration certificate was enabled officially since March 1, 2019. Let us study what changes happened for the new business license.

The format of the new license of registration was unified into horizontal version. Original and copy are provided and issued by the General Administration of Market Regulation when local enterprises apply for the applications of business registration and company formation, and the registration activities of license changing.

What Changes for New Incorporation Certificate?

Horizontal version, the original size is: 297 mm (height) ×420 mm (width), copy size is: 210 mm (height) ×297 mm (width).

Two-dimensional code function: Realize accurate connection between QR code and enterprise information published on the national enterprise credit information publicity system. Scan the QR code and log on the “national enterprise credit information publicity system” to learn more about registration, filing, licensing and supervision information.

Electronic business license, is a legal electronic certificate containing the registration information of the market subject, and is the legal certificate for the market subject to obtain the subject qualification, and has the same legal effect as the paper business license. The electronic business license has the functions of corporate identity authentication and electronic signature. In addition to the characteristics of the paper business license, it also has the characteristics of security, versatility, separability and openness of the carrier.

Why Need a Certificate of Business Registration in China?

In the mainland China, if you plan to do business here, you have to register a business license (known as: incorporation certificate, business registration certificate) from the General Administration of Market Regulation, meanwhile, you have to apply for a corporate account to operate the daily transactions and businesses.

After approving the process of business registration, companies have to report tax returns each month, such as VAT (incomes and costs), profits, and personal tax (for employees).

Also, a licensed business certificate also can apply for invoicing, hiring local or foreign employees, operating import and export businesses, and other daily operations or business purposes in mainland China.

What Information Published on the 5-in-1 Certificate of Registration?

An available incorporation certificate includes the following information approved by local government office:
1). Unified social credit code, known as: register number, tax ID.
2). Identity number of the business license.
3). Approved corporate name.
4). Company type, such as: foreign individual owned enterprise, foreign corporation owned enterprise, limited company and other corporate type, details you can learn from our guidance: company types.
5). Full name of the legal representative.
6). Business scope, known as business activities. Our previous guidance has listed the details of business scope for your studies. How Selecting Business Scope
7). QR code, connection between QR code and enterprise information of registration.
8). Corporate registered capital.
9). Date of establishment
10). Operation period. Generally speaking, government will approval it around 30 years.
11). Registered address of the company.
12). Registration authority.
13). Approval date.

Below is an official business registration certificate, some important information have been removed by SMEsChina.

5-in-1 incorporation certificate and business registration certificate

How to Registering a Business Certificate in Mainland China?

Obtaining a business license and certificate of company registration for foreign investors is very fast and straightforward in mainland China. With the growth of economies, the regulations of enterprise registry process and requirement rules are having much more rapid development, most of entrepreneurs and startups considering doing business and establishing companies in Shanghai China. You can comfortably and easily incorporate a limited company by our online guidance.

As a great country, China is becoming the center of the world in the field of finance, free trade, commerce and technical innovation, the Chinese government is pointing out explicitly the direction of deepen the reform for the current enterprises register ordinances, through strengthen and improve the entrepreneurial environment to attract more foreign enterprises investing and establishing their business entities. Therefore, public functional departments are creating a good business environment for global entrepreneurs and help these enterprises obtaining a business license and certificate of company registration easily and quickly.

SMEsChina suggests you learning the process of obtaining a business license from our guidance link: How to obtain approval for a business incorporation certificate and business registration license.

Other Optional Business Registration Certificates:

Certificate of Foreign Owned Enterprise

As the name suggests, the certificate of foreign owned enterprise means that the company owned by foreign shareholder(s), such as: foreign individual owner(s), non resident(s), or oversea existed corporations. A legal certificate of foreign owned enterprise includes the following information:

1). Approval number.
2). Company name.
3). Corporate type.
4). Registered address.
5). Registered capital, known as investment capital, you can learn this topic from our guidance: Company Registered Capital
6). Industry.
7). Operation period. Generally speaking, government will approval it around 30 years.
8). Business scope, known as business activities.
9). Is it encouraged industry by the state.
10). Names of investor (shareholders, owners), nationalities, share capital contribution, and share ratio.
11). Registration authority.
12). Approval date.

Below is an official certificate of foreign owned enterprise, some important information have been removed by SMEsChina.

Certificate of Foreign Owned Enterprise

Certificate of Foreign Trade Operator

This is an official certificate issued by the Local Business Committee for operating foreign trade businesses, known as import and export businesses, or international businesses or transactions, includes the following information:

1). Approval number.
2). Unified social credit code, known as: register number, tax ID.
3). Company Chinese name.
4). Corporate English name.
5). Corporate type.
6). Registered address by both languages.
7). Local secretary phone.
8). Zip code.
9). Email address.
10). Date of registration.
11). Name of the legal representative.
12). ID number of the legal representative.
13). Registered capital.
14). Currency of registered capital.
15). Registration authority.
16). Approval date.

Below is an official certificate of foreign trade operator, some important information have been removed by SMEsChina.

Certificate of Foreign Trade Operator

Certificate of the Goods Consignor and Receiver of the Customs Import and Export

Known as: import and export permit issues by the local Customs for operating the Customs Clearance, Customs duties and product inspection. The original inspection and quarantine certificate has been merged into the Customs import and export license, and does not need to apply for it separately. The Customs permit includes the following information:

1). Company name.
2). Unified social credit code, known as: register number, tax ID.
3). Registration date.
4). The Customs code of the company.
5). Inspection and quarantine number.
6). Validity period, long term.
7). Registration authority.
8). Approval date.

Below is an official Customs import and export license, some important information have been removed by SMEsChina.

Certificate of the Goods Consignor and Receiver of the Customs Import and Export

Other Studies for Applying for an Incorporation Certificate:

Ready to Start and Launch a Business in China? So Are We.

SMEsChina teams focus on the growth of enterprise and providing a variety of business solutions in the area of strategy consultancy, WFOE setting up services, business registration, company formation, incorporation of domestic invested enterprise, finance and audit services, HR and payroll, corporate bank account, resident permit, immigration and visa, trademarks and legal compliance.

China is attracting more and more foreign companies, SMEs,entrepreneurs, startups, brands to invest and establish their business entities through reforming various laws and regulations actively. More than 47 million companies and small medium enterprises have registered their business entities in mainland China and over 3.5 million new enterprises are incorporated during each financial year with comfortable process of registering companies. Here SMEsChina is sharing our knowledge and business insights to global enterprises and companies for better learning the regulations and rules of China corporations running and corporate maintaining. All reference and guidance collected by SMEsChina Teams in accordance with the latest implemented laws of the People’s Republic of China on Wholly Foreign-Owned Enterprises ( WFOE ), Joint Venture ( JV ) and Limited Liability Company ( LLC ), Limited Liability Partnership ( LLP ), and other relevant and officially promulgated regulations and rules on the corporation formation and registration of industrial and commercial enterprises and related IP laws, immigration and resident policies ( VISA ), tax laws.

SMEsChina teams happy to work around you and look after your daily China operations confidently and smoothly. Check if setting up a private company is right for you, if you have everything to set up a business in Mainland China, you can get in touch with our teams to get more useful information and online guidance.

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