Worrying outlook, the business registration industry needs to be standardized

The rapid development of business registration agencies has facilitated the registration of enterprises and promoted economic development. However, at the same time, company registration agencies have violations of laws and regulations driven by interests. Such as illegal verification and agency, issuing fake capital verification reports and audit reports, illegally engaged in business registration agency business, making illegal advance capital for business licenses.

The reasons are numerous:

First, the role of supply and demand in the market economy. For the sake of their own purposes, the company needs ‘stones from other hills’ because of the lack of funds when it comes to registration or change of registration. Some business registration agencies are driven by interest and ‘favor it’.

Second, the legal and regulatory system is not perfect. At present, China has not yet formulated unified and standardized laws and regulations aimed at illegal activities of business registration agencies, resulting in the existence of gaps and blind spots in their supervision.

Third, the proliferation of unspoken rules in the industry. With the intense competition, some business registration agencies carry out illegal operations and provide capital verification for enterprises, which has gradually evolved into the unspoken “hidden rules” of the entire industry.

As the enterprise supervision and management department, the administrative department for industry and commerce has an unshirkable responsibility for regulating the behavior of enterprises, protecting the legitimate rights and interests of enterprises, shareholders and creditors, and maintaining social harmony and stability. It is necessary to strictly enforce market access for business registration agencies, strengthen the supervision of agency and practice of business registration agencies, strengthen industry self-discipline, and achieve long-term and standardized supervision of business registration agency and corporate funding behaviors.

First is to establish a strict entry and management system and dispose in accordance with the law, and strengthen the supervision of business registration agencies. The administrative department for industry and commerce shall strictly control the entry of business registration agencies, and promptly clean up the registration agencies of illegal enterprises. By means of annual inspections and special inspections, proactively strengthen supervision, investigate and prosecute fraudulent capital contributions, false registration of registered capital, withdrawal of capital contributions, false registration materials, etc., in violation of registration management regulations in time. Those who have illegal acts including intentionally providing false information and materials, issuing false capital verification reports, assessment reports, certifying documents, and other documents, will be forced to withdraw from the market in accordance with the law.

Second is to establish a report, complaints and admissibility, investigation and punishment system of business registration agency, and regulate the practice of business registration agencies. The competent department of the industry manages the daily operation status of the business registration agencies, in particular the quality of practice, supervises the practice reports issued by the business registration agencies, and imposes administrative penalties on the registered agencies and practitioners of the intermediary companies that violate the rules and regulations, putting an end to the phenomenon of illegal practices.

Third is the establishment of a joint management meeting system for business registration agencies. The competent department of the industry shall be responsible for reporting violations and illegal acts of the business registration agencies, copying the contents of the notifications to relevant departments, and directly revoking or recommending them in accordance with laws and regulations to revoke the practice qualifications and relevant certificates. If they are suspected of committing a crime, they must be promptly transferred to the judicial authorities for criminal responsibility.

Fourth is to establish an industry self-discipline system and give play to the role of industry self-discipline. The government and relevant departments must support, encourage and guide the intermediary agency service industry to set up industry associations, establish and improve the industry self-discipline operation mechanism, and strengthen management of professional ethics, standardize operating procedures, and establish internal rewards and penalties within the industry. Urge business registration agencies to strictly implement statutory procedures and requirements to ensure the authenticity of assessments, verifications, and audit reports.

Fifth is to implement a credit rating management system for business registration agencies. Establish a dynamic release system for the integrity record of business registration agencies, adopt a ‘black list’ system for business registration agencies that do not honor credit and influence integrity according to industry or business classifications, and publish their bad behaviors to the society in a timely manner, for relevant government departments, enterprises and public institutions as well as citizens to refer when they choose business registration agencies for service objectives. Integrate daily supervision and management information of business registration agencies from supervision departments, penalty information, and information reported by the republic into useful information to inspire trustworthy companies, warn problematic companies, punish untrustworthy companies, and eliminate severely distrusted companies, as well as make it public through newspapers, media and internet, so as to improve the efficiency of supervision, urge them to operate according to laws and regulations.

As a professional agency that specializes in company registration and consulting services. To date, it has successfully helped nearly 9,000 enterprises to complete their registrations. It has still accounted for tax returns for some companies and has accumulated rich experience and received praise. In the process of development, the company has gradually developed related businesses according to customer needs. Its business scope covers a wide range and it has become a one-stop comprehensive service organization of ‘registration-accounting-taxation’.

Based on the principles of honesty, speed, professionalism, and reasonable fees, the company is dedicated to providing the following services:

Domestic registration, import and export companies processing, foreign investment registration, Shanghai representative office registration, Hong Kong company registration, financial agency, and a series of procedures regarding changes, annual inspection and cancellation.

The advantages of our company:

1. Professional excellence. Employees of the company are mature professionals with professional proficiency, skilled business, and rich working experience. They have good practice reputation, excellent professional quality, and good service awareness. They can provide you with the highest quality and professional services.

2. Service excellence. The company regards the service to its customers as the key to the survival and development of the company It has formulated strict service disciplines. All employees regard the corporate reputation as the highest pursuit, strive to provide high-quality services to customers, and have established a good reputation in the industry.

3. Good relationship. The company has many years of experience in dealing with various industrial and commercial and taxation agencies in Beijing, and has a good relationship with the government.

4. Low price. The company holds the principle of providing the best service at the lowest price. It carefully takes care of every customer and excels in every business.

The company scrupulously abides by “Customer First, Enthusiastic Service, Urgent Customer Urgency”, and wholeheartedly provides you with convenient and efficient business licensing and business registration services.

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