BEIJING, May 17 (Xinhua) -- China will further simplify procedures for setting up foreign-invested enterprises (FIE) to promote high-standard liberalization and facilitation of trade and investment, the State Council decided at an executive meeting on Wednesday.
It was decided at the meeting that a single form and one-stop services will be introduced for the business filing and business registration of foreign-invested enterprises. The whole process will be conducted online and free of charge, without the need for paper flows or presence in person. This practice, which will take effect from June 30, is expected to significantly shorten the time required for the FIE-related business processes.
Real-time sharing and coordinated management of FIE-related information will be promoted among the banking, customs, taxation and foreign exchange authorities. Government inspection will also be strengthened to ensure that measures taken will be implemented in full.
A single purchase
