The Shenzhen Municipal Market Supervision and Regulation Bureau on Thursday released 36 measures in six aspects to further improve the city’s business environment and better serve market entities, Shenzhen Economic Daily reported.
Among the measures, eight are aimed at facilitating starting and operating businesses. The city will explore the reform of business registration from administrative approval-based to administrative confirmation-based. The registration authority can issue a business license as long as the application materials are complete and in accordance with the legal form.
Authorities will integrate multiple approval items involved in the entry of an industry into one comprehensive industry license. The bureau has selected retail pharmacies as the first batch of pilot projects, integrating the drug business license and medical device business license into one license, so as to create a unified license for the retail of drugs and medical devices.
The market supervision bureau will pilot the enterprise “dormancy” system in view of the short-term difficulties faced by many enterprises to suspend business.
Business entities are allowed to apply for “dormancy” according to the actual needs of production and operation. Businesses will not be included in the list of abnormal operations during “dormancy” and can apply for restoration of normal business before the expiration of “dormancy.”
Other measures aim to reduce the production and operation costs of enterprises, increase efforts to better serve foreign trade enterprises, and ensure a level playing field.
The newly registered business entities in Shenzhen reached 282,000 between January and July this year, an increase of 8.8 percent year on year, statistics from the city’s enterprises registration bureau showed recently.