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Shaoxing helps foreign enterprises register quickly

chinadaily.com.cn| Updated: January 21, 2021 L M S

The Shaoxing municipal market supervision bureau has introduced several measures to help foreign enterprises in the city, local media reported on Jan 21.

These measures include allowing companies that are missing non-critical materials to register their businesses first and submit materials later, helping many foreign companies settle in the city quickly and smoothly.

In addition, the market regulator has also made it convenient for foreign companies to register in Shaoxing by creating a good business environment through its "mutual certification" and "simplified procedures" initiatives.

These measures include the implementation of the policy of mutual authentication of proof of subject qualification documents of foreign investors.

Foreign investors who set up enterprises in Shanghai, Jiangsu, Zhejiang, and Anhui will not need to go through the notarization, certification or transmission process when they submit their qualification documents if they need to reinvest in Shaoxing during the period of validity of their subject qualification. 

This not only effectively simplifies the relevant materials required to be submitted for enterprise registration, but also reduces the business cost of enterprises.

In addition, natural persons from Taiwan and Hong Kong are allowed to apply for business registration with their mainland travel permits, residence permits or home return permits without the need for notarization.

Among the 140 newly registered Hong Kong-funded and Taiwan-funded enterprises in 2020, those with investors that involve natural persons are free to choose the relevant subject qualification documents for business registration.