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Mandatory Business License Update Ordered for Companies in Shenzhen

According to the “Regulations on Commercial Registration within the Shenzhen Special Economic Zone,” commercial subjects (including enterprises and individually-owned businesses) registered in Shenzhen  shall apply for an updated business license with the commercial registration authorities. Issues regarding the business license update have been notified as follows.

  • Joint stock limited companies and their branch offices (including foreign-invested enterprises)
  • Limited liability companies and their branch offices (including foreign-invested enterprises)
  • Cooperative stock enterprises and their branch offices
  • Non-corporate legal persons and their branch offices
  • Partnership enterprises (including foreign-invested partnership enterprises) and their branch offices
  • Foreign enterprises engaged in business operations within China
  • Individual proprietorship enterprises and their branch offices
  • Individually-owned businesses (including Hong Kong, Macau or Taiwan individually-owned businesses that have registered in Shenzhen)

Basically, the purpose of this new regulation is to simplify the business registration procedures. Under the new regulations, the role of the AIC will be as a ‘registration authority’ instead of an ‘examination and approval authority. However, foreign invested enterprises still need to get approval from the Ministry of Commerce before they can be registered with the AIC.

In-charge Authorities
The following commercial subjects shall apply for an updated business license at the Civic Center Administrative Service Hall:

  • Joint stock limited companies and their branch offices (including foreign-invested enterprises)
  • Non-corporate legal persons and their branch offices
  • Foreign-invested partnership enterprises and their branch offices
  • Foreign enterprises engaged in business operations within China

The branch offices of the Shenzhen Municipal Market Supervision Bureau shall be in charge of the business license updates for other commercial subjects based on the principle of territorial jurisdiction.

 



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