HiTouch, Make Business Easy!

Leading business services provider

Home > News > China Cuts 11 Approvals on Work Permit, Company Affairs and...

China Cuts 11 Approvals on Work Permit, Company Affairs and...

HiTouch 13 August 2018

The State Council has decided to cancel 11 more administrative approval items to further simplify administration, according to a circular released on August 3.


1.jpg

Image:http://english.gov.cn/policies/latest_releases/2018/08/03/content_281476247006138.htm


Here are special eleven approvals to be canceled:


Work Permit


1. Work permits for residents from Hong Kong, Macao special administrative regions, and Taiwan in the Chinese mainland. 

After the cancellation of the approval, Ministry of Human Resources and Social Security (MOHRSS) will be fully responsible to employment services, social security, unemployment registration, labor rights protection, etc, for employees from Hong Kong, Macao, and Taiwan. 


By the way, if you encounter any labor issues in China, being cheated by the employers, for example, MOHRSS is the administrative department that can help you. Here is an article includes more details from about the  cancellation of work permit  China Cancelled Work Permit for Jobseekers from These Regions


2.jpg

Image: http://www.zxjingbao.com/shishang/detail/sortid/1/id/725.html


Company Affair


2. Verification of corporate group

Corporate group or group of companies is a collection of parent and subsidiary corporations that function as a single economic entity through a common source of control. 


In China, a company has to go through a series of verification before taking the "Group" title. State Market Regulatory Administration will roll out specific standards and requirements to guide companies how to properly use "Group"  when the verification requirement is canceled.


3. Record filings for establishing company branches. 

Initially, it is the Industry and Commerce Department to monitor all procedure of record filings for establishing company branches. After the state institutional reform coming into effect, the State Administration for Industry and Commerce is directly under the administration of State Market Regulatory Administration.  


The record filings for establishing company branches will be canceled, literally, it is applicable to all types of companies as the document does not make any exclusion, but we sill need to wait for the officially detailed sayings. Meanwhile, the State Market Regulatory Administration and Industry and Commerce Department TWO departments will increase inspections for company affairs. 


3.jpg



4. Announcement of withdrawing business licenses.

Originally, applicants required to place an announcement of withdrawing business licenses on media. After the cancellation of the announcement, the applicants are only required to post free announcement on the related administrative department.


5. Record filings for establishing, converting, canceling foreign-funded Partnership Enterprise.

A partnership in the People's Republic of China is a business entity governed by the Partnership Enterprise Law. After the cancellation of record filing, instead, the State Market Regulatory Administration and Industry and Commerce Department will build a centralized monitor system to get the updated information of enterprises. 


6. Initial review of domestic company to establish company overseas( financial sector excluded)

After the cancellation of the initial review, the Ministry of Commerce directly supervises and makes approvals.


New investment opportunity


7. Project approvals for foreign investment in the transport sector.

China opens more sectors to embrace foreign investment, after the cancellation of the approval, foreign investment will be fairly treated as the local investment. Foreign investors can apply for Passenger Transportation License, Cargo Transportation License according to the law and legally own business in the transport sector.


8. Vehicle maintenance and operation permit

After the cancellation of approval, the Ministry of Transport will announce specific standards on vehicle maintenance business, impose penalties on violations of laws and regulations and establish a blacklist system to record lawbreakers, which is connecting to the current credit system.


9. Initial review of import and export of the state key protection aquatic animal and related products.

Ministry of Agriculture and Rural Affairs will directly handle the examination and approval of aquatic animal and related products and they will strengthen supervision by implement