As of October 2017, China’s business registration process will become immensely easier. The State Administration for Industry and Commerce issued a report that outlined its digitization effort, which will involve constructing a nationwide digitized corporate registration platform and electronic business license. This change will lead to a significantly more efficient corporate registration process. The Beijing Administration of Industry and Commerce online system is the only platform that allows foreign-invested companies to register their business online. Once this new model is introduced, more regions of China will follow suit.