Yangcheng Evening Post: Huangpu upgrades cross-border business registration platform

The 3rd version of Huangpu's cross-border business registration platform was launched recently, allowing overseas investors to start an enterprise in Huangpu without leaving their home country.

A strategic cooperation agreement was signed between the Huangpu market supervision bureau, China-Singapore Guangzhou Knowledge City Investment & Development and the Guangzhou Development District Branch of Industrial and Commercial Bank of China on the operation of the platform.

A tripartite cooperation agreement is signed on the operation of the cross-border business registration platform. [Photo/Yangcheng Evening Post]

The Huangpu market supervision bureau will open a green channel offering rapid real-time examination and approval services and free seal inscription and tax invoices for applications submitted through the platform. The entire business registration process can be completed in half a day.

The CSGKC Investment & Development will provide policy interpretation, investment consultation and business registration services to foreign investors, while the ICBC will offer customized one-package financial products.

Singapore investors can visit the service outlets of CSGKC Investment & Development in their home country to receive help in preparing application materials. The service outlets will help submit the materials and obtain certificates, seals and invoices. Electronic certificates can be downloaded online.

Legal representatives of the new enterprises can complete the bank authentication process via video, and assign a Chinese agent to bring the required materials to the bank and complete the process.

The upgraded platform will further increase Huangpu's international competitiveness and attractiveness to foreign investment.

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