Registration Process in China Simplified

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Yesterday, our colleagues David Livdahl, Jenny (Jia) Sheng, Lisa (Huiyuan) Li and Wenjun Cai published an informative client alert discussing the State Administration of Industry and Commerce’s (SAIC) October 18, 2016  Guiding Opinion on Opening-up Enterprise Name Database and Promoting the Reform of Enterprise Name Registration (Guiding Opinion). Now applicants for a company registration in the People’s Republic of China will be able to check the names of existing companies in the database to avoid using a duplicate name that will result in the application being rejected by the SAIC’s local counterparts (AICs). This is expected to simplify the company establishment process and, furthermore, SAIC indicated that it will abolish the name pre-approval requirement in the near future. The client alert is titled Another Step to Speed Up the Company Registration Process in China.