What are the legal requirements for obtaining and renewing a business license in China?

In China, business licenses are required for all types of businesses, and foreign investors are also required to obtain a license. To obtain a business license in China, applicants must meet certain legal requirements. First, the business must register with the local Administration for Industry and Commerce (AIC). The business must provide documentation including the application form, proofs of capital and other related documents. After receiving the application, the AIC will review the documents and make a decision on whether or not to grant the business license. In addition, the business must also go through the procedures to get a business license from the State Tax Administration. This requires the business to register with the local tax bureau and submit a tax registration form along with certain documents such as the registration form and proof of capital. After the tax bureau reviews and approves the application, the business can obtain a Chinese Tax Registration Certificate. Finally, business license renewal is also required. The renewal process must be completed annually and requires the business to meet certain requirements to continue operating. Renewal requires that the business submit its financial statements and reports on its operations. It must also provide proof of payment of any taxes and other fees owed. The AIC must then review the documents and make a decision on whether to renew the business license. In summary, to obtain and renew a business license in China, a business must register with the local Administration for Industry and Commerce and the State Tax Administration. The business must also submit certain documents and pay any taxes and fees due. Only after meeting all these requirements can the business obtain and renew its business license in China.

What are the legal requirements for obtaining and renewing a business license in China?

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