Tag: business license

Companies are required to utilise company collection payment codes from 1 March 2022

What you should know The Notice on Strengthening the Management of Payment Acceptance Terminals and Related Business No. 259 (“Notice 259”) issued by the People’s Bank of China on October 13, 2021, and effective from 1 March 2022, is the first legislation to regulate quick response (“QR”) code payments. Notice 259 requires QR code payments to…

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China business: new version of business license goes into to effect, improved format includes QR code

On 24 December 2018, the China State Administration for Market Regulation issued the Notice of Activation of the New Business License Version, Business and Industry Enterprise [2018] No. 253 (Notice 253). From 1 March 2019, entities approved by the registration authority for business registration, business amendments or reissue of a business license shall be issued…

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