A direct registration system for Taiwan companies has begun trial runs in the Pingtan Comprehensive Pilot Zone, an island county in Fujian province.
The new system allows industrial projects from Taiwan-backed companies in the zone to be exempted from document approval procedures. They can register directly at the local industrial and commercial administration office and obtain a business license the same day.
The first three Taiwan companies enjoyed the convenient new registration procedure in February 2012. The new system is unprecedented and will expand nationwide.
Edited by Michael Thai