Start a firm in 5 working days in Xiamen

New companies can be established in Xiamen, Fujian province, in five working days thanks to a new online platform launched this month, local media report.

Based on Xiamen Market Supervisory Authority's online approval system, the new platform offers services such as online banking and appointment scheduling.

Applicants can complete all procedures required for the starting of a company in a single session using the platform.

Existing procedures were streamlined to just three: company registration, official seal production, and the application and collection of invoices, all of which can now be completed in five working days.