Beijing to shorten time for starting business to 5 days

BY  | FROM  | 2018-03-19 10:56

Beijing plans to cut the time for starting a business from an average of 22 working days in 2017 to five this year to improve its business environment, according to a government notice issued Sunday.
The notice, released jointly by the municipal commercial, tax and public security authorities, said Beijing will take measures to complete business registration within five working days by the end of this month.
The capital city will promote online registration and tax payment system to facilitate the procedures.
Beijing has 2.1 million enterprises, up 47.52 percent than five years ago. More than 500,000 of them are technology-based enterprises, up 121 percent than five years ago.

    Related News

      Financial Times

    • Fed fears market misreading of guidance
    • The US Federal Reserve is keen to revamp its forward guidance about future interest rates but terrified of a market misunderstanding, according to the minutes of its September meeting


    • Asian shares rebound after Fed renews dovish credentials
    • Asian shares bounced back and the dollar fell on Thursday after minutes of the U.S. Federal Reserve's latest policy meeting showed policymakers have some concerns about downside risks to the global economy and the dol...


    • Nigeria succeeds at containing Ebola
    • People here are shaking hands again, kissing, hugging, touching. These days, shops are open, people are working, and children are finally going back to 
    Chinese Dictionary: