Foreign companies in China no longer required to file with authorities

By Al Mayadeen English
Source: Agencies
9 Jan 18:55

The change introduced in China's foreign trade law effectively annuls the ninth article requiring the mandatory registration of enterprises engaged in the export and import of goods and technologies.

Ministry of Commerce of China (MOFCOM). (VCG Photo)

China introduced amendments to its legislation on the mandatory registration of foreign business entities with China's commercial authorities, Russia's trade representative office in China said on Monday.

"Local commerce departments will no longer require confirmation of registration as a foreign economic activity participant when issuing quotas, licenses, and certificates related to export-import activities," the trade mission said in a statement on Telegram.

The authorities will no longer require business entities to provide foreign-trade operator registration materials in applying for import and export licenses, registration certificates of technology import and export contracts, quotas, state-owned trade qualifications, and other relevant documents.

A China Foreign Trade Registration Certificate was formally issued to a company through the Ministry of Commerce of the People's Republic of China (MOFCOM) or an alternate authority appointed by MOFCOM.

The change introduced in China's foreign trade law effectively annuls the ninth article requiring the mandatory registration of enterprises engaged in the export and import of goods and technologies.

Before introducing the amendment, Beijing performed a series of trials in its free trade zones where it has not been in effect since December 2019, the trade mission added.