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Release of the "Special Administrative Measures for Foreign Investment Access (Negative List) (2024 Edition)"
The "Special Administrative Measures for Foreign Investment Access (Negative List) (2024 Edition)" has been officially released.
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STA Notice on Further Facilitating the Cross-regional Relocation of Taxpayers
On August 15 2024, the State Administration of Taxation issued the Notice on Further Facilitating the Cross-regional Relocation of Taxpayers to serve the construction of a National Unified Market to further facilitate the cross-regional relocation of taxpayers and continue to optimize the tax and business environment.
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The new China Company Law has come into force on July 1, 2024
Besides other amendments, Article 47 of the new Company Law stipulates shareholders of a Limited Liability Company (LLC) must pay their subscribed capital in full within five years of the company's establishment. In an LLC, the subscribed capital is the company's registered capital, which must be registered with the company registration authority upon establishment.