The Regulations on the Administration of Business Name
Registration (hereinafter referred to as "the
Regulations") was issued on 28 December 2020 and came into
effect on 1 March 2021.
The reform of the business name registration system is in line
with the "decentralization" reform (i.e. simplifying and
decentralizing government, combining management and administration,
and optimizing services) presented during the 13th Five-Year Plan
period.
Many of us might be familiar with the prior system based on the
principle of a "first pre-approval, then register"
process of business names for new company applications.
However, with the growth of new enterprises and the development
of the economy, the old process can hardly meet the requirements of
the business environment.
