In order to prevent and curb money laundering and terrorist financing activities, the People’s Bank of China and the State Administration for Market Regulation jointly promulgated the Measures for the Administration of Beneficial Ownership Information (the “Measures”) earlier this year, which came into effect on November 1, 2024. As of that date, the relevant entities […]
In China, an important condition for an enterprise to start up is to have its own domicile (registered address), which is also an important matter for enterprise registration. For various reasons, some enterprises will take the virtual address (mailbox address) as their domicile. Since such enterprises do not actually operate at virtual addresses, they are […]
What does the typical enterprise incorporation process in China look like? Well, in the latest Foreign Investment Guide of the People’s Republic of China, they drew a schematic diagram as follows: From the perspective of Chinese law, an enterprise will have the ability to carry out business when it has obtained a business license. Of […]
