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In order to continuously optimize the business environment and improve the municipal services, Beijing Municipal Commission of Housing and Urban-Rural Development and Beijing Municipal Commission of Planning and Natural Resources and State Administration of Taxation Beijing Municipal Tax Service further streamline the process of real estate registration and cancel the compulsory online contract signing for inter-corporate non-residential stock housing transaction. The requirements are now announced as follows:

From now on, When the stocks of non-residential houses will be bought and sold between the enterprises. The two parties can bring their own signed paper contracts and other application documents for tax payment and real estate registration of non-residential properties such as warehouses, commercial and office buildings via the comprehensive service windows of the regional trading centers. If the application meets the requirements, the procedure will be completed within two days.

Other relevant policies for the transaction of non-residential properties remain unchanged.

The notice is hereby given.

Beijing Municipal Commission of Housing and Urban-Rural Development

Beijing Municipal Commission of Planning and Natural Resources

State Administration of Taxation Beijing Municipal Tax Service

February 28, 2019