China

Ease of Doing Business in

China

This page shows summary Doing Business 2012 data for China. The first table lists the overall "Ease of Doing Business" rank (out of 183 economies) and the rankings by each topic. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

Region East Asia & Pacific
Income Category Upper middle income
Population 1,338,300,000
GNI Per Capita (US$) 4,260.00
Doing Business 2012 Rank Doing Business 2011 Rank Change in Rank
91 87 down -4
Topic Rankings DB 2012 Rank DB 2011 Rank Change in Rank
Starting a Business 151 150 up -1
Dealing with Construction Permits 179 180 up 1
Getting Electricity 115 116 up 1
Registering Property 40 38 up -2
Getting Credit 67 64 up -3
Protecting Investors 97 93 up -4
Paying Taxes 122 119 up -3
Trading Across Borders 60 61 up 1
Enforcing Contracts 16 17 up 1
Resolving Insolvency 75 72 up -3

Economy Profile

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Subnational Data


Starting a Business

Info

The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

DB 2012 Rank 151 DB 2011 Rank 150 Change in Rank down-1
Indicator China East Asia & Pacific OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

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Procedures (number)
14 7 5

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

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Time (days)
38 37 12

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

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Cost (% of income per capita)
3.5 22.7 4.7

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

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Paid-in Min. Capital (% of income per capita)
100.4 20.1 14.1
No. Procedure Time to Complete Associated Costs
1 Obtain a notice of pre-approval of the company name 1 day no charge
2 Open a preliminary bank account; deposit fund in the account and obtain the certificate of deposit 1 day no charge
3 Obtain capital verification report from an auditing firm 2 days CNY 350
4 Obtain registration certification "business license of enterprise legal person" with SAIC or local equivalent 5 days 0.08% of registered capital (registration fee)
5 Obtain the approval to make a company seal from the police department 1 day no charge
6 Make a company seal 1 day CNY 300
7 Obtain the organization code certificate issued by the Quality and Technology Supervision Bureau 5 days CNY 120
8 Register for both state and local tax with the tax bureau 7 days CNY 20
9 Register with the local statistics bureau 1 day no charge
* 10 Open a formal bank account of the company and transfer the registered capital to the account 1 day, simultaneous with previous procedure no charge
11 Apply for the authorization to print or purchase financial invoices/receipts 10 days no charge
12 Purchase uniform invoices 1 day CNY 1.05-1.67 per book of invoices
13 File for recruitment registration with local career service center 1 day no charge
* 14 Register with Social Welfare Insurance Center 1 day no charge
* Takes place simultaneously with another procedure.

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