Legal basis: Article 16 of the Regulations on the Administration of Registration of Enterprise as a Legal Person in People's Republic of China (PRC), an enterprise shall be established after the unit applying for industrial and commercial registration of enterprise as a legal person has been approved and registered by the registration authority and obtained the Business License of Enterprise as a Legal Person. An enterprise as a legal person can engrave the official seal, open a bank account, sign a contract and carry out business activities with the Business License for Enterprise as a Legal Person. The registration authority may issue a copy of the business license of an enterprise as a legal person according to the business needs of the enterprise as a legal person.