On July 9, Foshan held a press conference to create a 365-day & 24-hour business registration model and to upgrade the convenience of starting a business. It was announced that the commercial entity could handle a self-help business license as quick as 5 minutes, and it needed 48 hours to process such a license previously.
Citizens are handling their business in Foshan Commercial Entity Registration Self-service Terminal.
"Since March of this year, Foshan has fully started the reform of the convenience of starting up enterprises and launched ‘Foshan Commercial Entity One-door Acceptance and Approval Platform’, taking the lead in the implementation of the registration model within 5 days among the start-up enterprises in the country. " After implementing the reform for three months, the vitality of Foshan's market has been fully released. The number of newly registered market entities in Foshan has reached 41,724, with an increase of 27.30% year-on-year.
From July, Foshan has further optimized the whole process of starting an enterprise, bringing the application for invoices into the whole process of starting a business. The processing time for starting a business continues to be reduced to five days, achieving the goal of starting a business without overtime, and continuously optimizing the business environment.
The "Foshan Business Entity 24-hour Intelligent Registration System" Self-service Terminal that was independently researched and developed by Foshan was also officially launched on the same day, being a pioneer in Guangdong and even in the country to promote a 24-hour commercial registration model. With this system, the commercial entities in Foshan including individually-own business, sole proprietorship and etc. can achieve "zero meeting" in handling business license, and the fastest can be five minutes only.