On June 7, Guangdong issued a plan to implement the "one integrated license" pilot for facilitating business approval services of enterprises. It is to integrate the previously required multiple licenses into one, so applicants can acquire different approvals and permits in only one license application.

(Photo / Nanfang Daily)

According to the plan, 14 permitting items including food business license, drug business license, establishment of entertainment venues approval will be piloted in Guangzhou, Shenzhen, Zhuhai, Foshan, Dongguan and Zhongshan and will last till the end of December, 2021.

The above pilot cities will also complete another 16 reform items by the end of June, 2022. The "one integrated license" is hoped to cover more business approval items in Guangdong by 2023.

Also, the plan encourages an increase in connectivity with Hong Kong and Macao. Aiming to improve the business registration and administrative approval systems of different cities in the Guangdong-Hong Kong-Macao Greater Bay Area, it will promote the sharing of registration information and recognition of qualifications among enterprises in Guangdong, Hong Kong and Macao.

By the cooperation with service institutions in Hong Kong and Macao, Hong Kong or Macao-funded companies will be able to set up offshore companies in Guangdong.

In terms of the reform in business registration system, it will be expanded to the whole Guangdong Pilot Free Trade Zone this year. And it will further cover nine cities in the Pearl River Delta region in the future when it is approved by the country.