As known, the two categories L and M – Touring and Business Visit purposes, respectively – for Chinese Visas, are listed since from 2013 in the Visa Category List of the People’s Republic of China. While, originally, it was common to ask and easily obtain for extensions of such visas, 2016 has welcomed a policy of strictness: for L visas, to obtain extensions will be possible (and only for 10-30 days maximum) just after stating a detailed travel plan; for M visas, instead, the short extension (10-30 days) will be conceded only where the applicant is in possess of the original official invitation letter (issued by Commercial or Foreign Affairs Bureau) and a second application (for the extension) of a local (better if of consistent economic importance) company. For long-term stays, then, the best (if not the only) choice is to apply for a working visa.
Provisions of the New Company Law on the Dismissal and Resignation of Directors China’s new Company Law, which will come into effect on July 1, 2024, creates the following systems for the dismissal and resignation of directors: first, the shareholders’ meeting may resolve to dismiss a director, but if a director is dismissed before the
The new Company Law was amended and passed on December 29, 2023, and will come into effect on July 1, 2024. The new law shortens the deadline for subscribed capital contributions, allowing companies to adjust their registered capital according to their operational conditions. This article starts by focusing on the key provisions of the new
On March 22, 2024, the Cyberspace Administration of China officially announced the Regulations on Facilitating and Regulating Cross-border Data Flow (“Regulations”) and took effect upon the date of announcement. According to the previous regulatory requirements for data outbound transfer, there are three main methods for data outbound transfer: security assessment, standard contract, and protection certification.
