According to the country’s latest policy, the old version of Business License/ Registration Certificate will be invalid since Dec 31st in 2017. That is to say that only when all the licenses are changed into the new version ones can be available before the end of the year.
Now, here comes the new era of "5 certificates are integrated into one with only one code".
New Version of Licenses
Business License
New version of Business License is an integration of the original 5 certificates -- Business License, Organization Code Certificate, Certificate of Taxation Registration, Certificate of Social Insurance Registration and Certificate of Statistics Registration.
In addition, corporation Registration Number is soon to be replaced by the “Unified Social Credit Code”.
(New Version of Business License↑)
Representative Office License
The same rules as new Business License that old corporation Registration Number will be changed into the “Credibility Code”.
(New Version of Representative Office License↑)
Unavailable Versions
The old licenses/ registration certificates as below will be unavailable since Dec. 31st!
They are:
Old Business License
Old Registration Certificate of Representative Office of Foreign Enterprise
Benefit From “5 In 1”
It takes much less time.
All procedures including application, verification and notice, will be done online. The whole process takes about 5 workdays nowadays instead of 15 workdays in the past(1 working day in Nansha Free Trade Zone)!
This could be A BIG HELP for foreign entrepreneurs who need to get their work visas as soon as possible.
Reduce barriers for registrations
Under the new policy, the approval process is simplified, which means barriers for registration are actually reduced!
A good chance for you to start up your business in China!
For now, HACOS has helped all of customers change their old version of Business Licenses into new ones -- the “5 In 1 Certificate” , and they can deal with any business matter with these new certificates!
Any doubts or needs to
change your old license?
Just feel free to contact HACOS!
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