Through Dezan Shira & Associates
Publisher: Jake Liddle

A change of address for a business is sometimes a necessary step to obtain long-term gains. A company’s address is an essential part of the information recorded (along with its field of activity, registered capital and company name, etc.), and making changes to this information can be a bit of a process. complex. In our previous article, we provided a step-by-step guide to changing the registered address of a business in China. However, the process for applying for registration / change of address of a foreign invested enterprise (FIE) has been affected by the country’s introduction of the new “three in one” business license. This article presents the simplified procedure for applicants wishing to change their registered office and explores the main changes in the regulations.

The registered change of address procedure

First of all, the registered company information needs to be changed. A fully completed and clearly written application should be lodged with the same office of the Administration of Industry and Commerce (AIC) where the initial registration was made. This must be accompanied by the following documents (all original documents, unless otherwise specified):

  • Once the change is approved, the original business license, along with a copy, must be submitted to the registration authority to acquire a new business license.
  • The identity card of the legal representative of the company or of an agent.
  • Certificate of legal use of the home.
  • A resolution or decision on the change of address, taken in accordance with the relevant statutes.
  • The amendment to the articles of association (or revised articles of association) signed by the legal representative of the company.
  • A Chinese translation affixed with the seal of a translation company for all documents submitted in a foreign language.
  • Any other document required by AIC.

After receiving a relocation certificate from the original registrar of AIC, the company can then apply for a new business license from AIC at its new location. If, however, the new location is outside the jurisdiction of the original AIC, the company should obtain an official response and receive the approval documents for the new AIC to be submitted to the original registration authority. .

RELATED: Business Consulting Services From Dezan Shira & Associates

New commercial license “Three in one”

Previously, companies wishing to register a change of address had to obtain a new National Organization Code (NOC) from the Office of Quality and Technical Supervision and change the tax registration with the Tax Registration Authority after have modified the information. However, the new reform of the “three in one” business license streamlines this process by combining the business license, organization code certificate and tax registration certificate into one social credit code. AIC shares updated background information with the other two offices through an information exchange platform.

For applicants wishing to change address information, a “three in one” business license will need to be obtained prior to applying. However, before December 31, 2017, a company can choose to keep the three old licenses as long as no changes are made to the essential information, or can upgrade to the “three in one” license. For companies looking to correct information regarding the name of the general manager, director or supervisor or passport number etc. which are not on the business license, they can either upgrade to the new “three-in-one” business license or they must follow the old application process. It should be noted that application procedures vary by location.


On
We

Asia Briefing Ltd. is a subsidiary of Dezan Shira & Associates. Dezan Shira is a specialized foreign direct investment practice, providing business establishment, business advisory, tax and compliance advisory, accounting, payroll, due diligence and financial review services to multinational investing companies. in China, Hong Kong, India, Vietnam, Singapore and the rest of the country. ASEAN. For more information, please email [email protected] or visit www.dezshira.com.

Stay on top of the latest business and investment trends in Asia by subscribing to our free update service with news, commentary and regulatory information.

??

Related reading

CB_2016_04_Establishing_and_Operating_a_Business_in_China_2016Starting and Running a Business in China 2016
Establishing and Running a Business in China 2016, produced in collaboration with experts from Dezan Shira & Associates, explores the establishment procedures and related considerations of Representative Office (RO) and two types of limited liability companies: the all-foreign enterprise (WFOE) and the Sino-foreign joint venture (JV). The guide also includes questions specific to Hong Kong and Singapore holding companies, and details how foreign investors can smoothly close a foreign-invested company in China.

Blanket-250-x-350An Introduction to Doing Business in China 2015
Doing Business in China 2015 is designed to introduce the fundamentals of investing in China. Compiled by the professionals at Dezan Shira & Associates, this comprehensive guide is ideal not only for businesses looking to enter the Chinese market, but also for businesses that are already present here and want to keep abreast of the latest policy changes. relevant.

Cover CB 2015 2 numbers 90x126

How to restructure an underperforming business in China
In this issue of China Briefing magazine, we explore the options available to foreign companies looking to restructure or close their operations in China. We start with an overview of what restructuring an unprofitable business in China can entail, and then we take an in-depth look at how a foreign business can lead the restructuring process. Finally, we highlight some of the main HR concerns associated with restructuring a business in China.


Source link