Incentives
for College Graduates to Start Private Businesses
In order to ease pressure within the employment
market, the State Administration for Industry and Commerce recently
announced that 2003 college graduates, postgraduates and graduates
of professional schools may register private businesses on presentation
of diplomas and check-in certificates. Fields limited by the
state excluded, within one year of getting approval from the
administration of industry and commerce, graduates are exempt
from a series of charges. These are: registration fee for private
businesses, which covers opening registration fees, registration
of alterations, renewal of operation licenses and their copies;
administrative fees for private businesses; market administration
fees; economic contract appraisal fees; and fees for prototype
economic contracts.
