Question: Our enterprise signs a brokerage contract with a foreign organization for export purposes. Are we required to declare contractor tax? What are the deadlines for submitting contractor tax declarations, and what penalties apply for late submission? Answer: Contractor tax is a type of tax applied to foreign organizations or individuals when doing business or […]

Question: Our enterprise is a foreign-invested enterprise. I would like to ask how sectors, industries, and market access conditions for foreign investors are regulated.  Answer: Pursuant to Article 9 of the 2020 Investment Law, the regulations on sectors, industries, and market access conditions for foreign investors are as follows: 1. Foreign investors are generally subject […]

Question: I understand that from July 1, 2025, enterprises will be required to declare their beneficial owners. I would like to ask how the declaration of beneficial owner information of an enterprise is carried out.  Answer:                                        […]

Question: I want to establish a social enterprise. What criteria do I need to meet? Answer: According to Article 10 of the 2020 Enterprise Law, a social enterprise is an enterprise established with the aim of addressing social and environmental issues for the benefit of the community, while still conducting business operations like a regular […]

1. Criteria for determining the beneficial owner of an enterprise - The individual directly or indirectly owns at least 25% of the charter capital or 25% of the total voting shares of the enterprise. Indirect ownership is understood as the situation where an individual holds such proportion through another organization, meaning that the individual does […]