The business license annual report is the past annual inspection. Starting from 2014, the enterprise annual inspection system was changed to the enterprise annual report publicity system. Enterprises should submit the previous annual report to the industrial and commercial administration department in the first half of each year and publish it online. This information disclosure can be checked on the official website of the National Enterprise Credit Information. Once an enterprise fails to submit its annual report on time or conduct corresponding review, the enterprise will be subject to a certain degree of administrative penalties.
A business license is a certificate issued by the industrial and commercial administration authority to industrial and commercial enterprises and individual traders allowing them to engage in certain production and business activities. Its format is uniformly stipulated by the State Administration for Market Regulation.
The registration matters are: name, address, person in charge, amount of funds, economic composition, business scope, business method, number of employees, business period, etc. The business license is divided into original and duplicate, both of which have the same legal effect. The original copy shall be placed in a conspicuous place at the company's residence or business premises, and the business license shall not be forged, altered, rented, lent or transferred.
Industrial and commercial enterprises or self-employed individuals without a business license are not allowed to open their business. They are not allowed to engrave official seals, sign contracts, register trademarks, or publish advertisements. They are not allowed to open bank accounts.
On September 28, 2018, the country’s first batch of 11 business licenses and 1 industrial product production license were issued in the Yangtze River Delta G60 Science and Technology Innovation Corridor. Starting from March 1, 2019, a new version of business license will be launched nationwide. On April 1, 2019, six departments including the Beijing Municipal Administration for Market Regulation issued the "Notice on Improving the Efficiency of Business Start-up", which showed that if applicants handle business through the "e-window" platform, the market supervision department will approve it and submit it to the enterprise within one day. An electronic business license is issued and other matters are processed in parallel within 24 hours, and the enterprise can meet the operating conditions in 2-3 days.
The original and duplicate copies of the business license have the same legal effect and there is no difference in substance. If we talk about the difference, it is just the appearance. In terms of use, the original "must be hung" in a conspicuous place in the business premises, otherwise you may be punished for not hanging the license; copies are generally used for business transactions when going out, such as: applying for bank account opening licenses, corporate organization codes certificate, tax registration certificate, signed contract, etc.
From March 1, 2019, a new version of business license will be launched nationwide. Various market entities that have been approved by the registration authority to establish, change registration, and reissue business licenses will be issued a new version of the business license. Various market entities that previously existed can continue to use the original business license or apply for a new version of the business license.
The new version of the business license will be printed with the national emblem, border, title (business license), the website of the National Enterprise Credit Information Disclosure System, the official seal of the registration authority, the year, month and day, supervision by the State Administration for Market Regulation, etc., and the printing will be unified Social credit codes and numbers, names and contents of recorded matters, QR codes, etc., with copies printed face-to-face with annual report reminders.