Apr. 11 – According to the Department of Foreign Trade and Economic Cooperation of Guangdong Province and Guangdong Province Administration of Industry and Commerce (Guangdong AIC), a new streamlined registration and approval process for foreign-funded companies will be run across nine cities along the Pearl River Delta. The newly revamped procedures are currently being trialed in Dongguan, Foshan, and Guangzhou.
The discussion of streamlining the approval procedure came out of an article published in the Nan Fang Daily about the lengthy and complicated process a foreign-funded company went through to get registered in Guangdong. From the registration of the company name to the final approval, the company had to get permission from at least 10 different departments. Due to the number of government agencies involved in the process and the disjunction between them, the process could take up to one year or longer. Continue reading