Search Results for: business

CHINA | Verifying Capital Contribution

In China, all capital contributions from shareholders shall be examined and verified by a legally established capital verification institution.

Verifying capital contributions and certification is mandatory for the company establishment. And cannot be skipped or inaccurately verified, otherwise the establishment company will face legal liabilities. We provide the aspects to consider when conducting the capital contribution verification.   

Select Qualified Institutions to Verify Capital Contributions.

Generally, legally incorporated accounting firms, law firms and asset appraisal institutions etc. are eligible capital verification institutions […]

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CHINA | 2023 Legal Health Check

From 8 January 2023, China dropped mandatory quarantine for inbound travelers and opened its borders. It’s time for a 2023 legal health check!

For the first time in 3 years, international travelers can utilise the 24/ 72/ 144 visa-exemption transit policy for short business trips. And Chinese nationals can freely travel aboard.

For many European or American stakeholders with Chinese subsidiaries, the lifted border restrictions allow headquarters personnel to conduct a 2023 legal health check (in person) – for the first time […]

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THAILAND | Corporate Governance Changes

The Thai Civil and Commercial Code Amendment Act (“Act”) brings substantial corporate governance changes. It alters the requirements on corporate governance and the constitution of private companies.

The corporate governance changes is effective from  February 16, 2023. The main changes are as follows:

Minimum number of shareholders

The minimum number of persons to establish a private limited company (“Promoters”) are reduced from three to two.

Telematic Board of Directors Meeting

The Act allows a director to attend meetings of the Board of Directors remotely online, […]

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