City Starts Accepting Business Application Online
The Shenzhen market supervision administration said that starting this July residents can apply for business licenses online and will be receiving the approved licenses in just three working days. This online registration of licenses will be the first in china. interested applicants will need to fill out personal information and submit the completed applications. Then after three working days the business registration authority will approved the application and issue an electronic license.
One applicant opened a studio in Nanshan and submitted his application online and has able to get his electronic license after three days. Before he said that the process of applying for a business license usually took at least a month. All business registration services ranging from modification and approval of business name, cancellation of registration and registering the business establishment can now be process online.
Starting in September the online business registration will be made mandatory for all companies that have individual shareholders. Around 1.5 million businesses entities have registered their businesses in Shenzhen since the city started implementing its business registration last March.