East China’s Jiangsu province has made every possible effort since the start of this year to vitalize market players through reform measures.
Qin Nan, the boss of a company in Nanjing, visited Nanjing Pukou Government Affairs Building and applied for adding a business address to the business license.
This year, her company's business has developed well, and for this purpose, she plans to open a branch in the Nanjing Free Trade Zone.
In the past, any company planning to open a branch in a new place had to apply for a new business license.
Many prefecture-level cities, including Nanjing and Wuxi, are launching pilot reforms for the separation of residence and business premises, benefiting nearly 1,000 enterprises across the province.
A small business license reflects the drastic change in business environment. Jiangsu took the lead in supporting the inter-provincial handling of Jiangsu business licenses in the Yangtze River Delta. More and more regions have continued to promote business establishments, complete electronic registration, and obtain business licenses within half a day, and steadily expand the reform of the separation of licenses from permits.
Local governments in the province will implement the market access negative list system based on the requirements of the 14th provincial party congress, support enterprises to better participate in market cooperation and competition, improve the deduction of R&D expenses, and the tax refund of value-added tax support manufacturing enterprises and small, medium and micro enterprises to relieve their difficulties and effectively solve the problem of difficult and expensive financing for market entities through tools such as loan interest discounts and bonus subsidies.
