Recently, many business owners have received a text message reminder of \"Beneficial Ownership Filing\" and many are confused: what is this? Should my company do it? What will happen if I don't? Don't panic! This article in plain language to give you a clear, recommended to forward the collection ~!<\/p>\n\n\n\n
I. What is a beneficiary filing?
Simply put, the state requires businesses to register the \"real owner\" (officially known as the \"beneficial owner\"). Just as real-name authentication is required to play games, it is also necessary to open a company to clarify who is the ultimate controller and who is taking the profits.<\/p>\n\n\n\n
II. What is the deadline?
Several provinces have been extended to December 1st. Please pay attention to your local regulatory notices and complete them as soon as possible, don't delay until the end!<\/p>\n\n\n\n
Third, which enterprises must be filed? Which ones do not have to?
Required filings: all corporations (limited liability companies, joint stock companies); partnerships (general\/limited partnerships); branches of foreign corporations.
No need to file: individual business, sole proprietorship, branch (e.g. XX Company Beijing Branch)
Note: Farmers' professional cooperatives, unincorporated business corporations, etc. are not required to file for the time being, but it is recommended to pay attention to the policy changes.<\/p>\n\n\n\n
Fourth, there is no \"no record\" channel?
Yes! If your business meets the following 4 conditions, you can \"commit to exemption\" with one click:
1\u3001Registered capital \u2264 10 million RMB
2. All shareholders are natural persons (no corporate holdings)
3. No other natural person or agreement actually controls the company
4. There is no substitute holding, implicit control, etc.
Note: After submitting the exemption commitment, the system will show \"filed\" on T+1 working day, which means success; if it still shows \"not filed\" for more than 5 days, please go to \"Abnormal Feedback\" or call our technical support center. phone.<\/p>\n\n\n\n
V. Who are the \"beneficial owners\"?
A natural person who fulfills any of the following is registered:
1. Shareholding \u226525% (directly or indirectly)
2. Enjoyment of earnings or voting rights \u2265 25%
3. Being able to take actual control of the company (even if not holding shares)
If none of the above can be found, register at least one person responsible for day-to-day operations (e.g., legal representative, executive).<\/p>\n\n\n\n
VI. How does the filing work?
Take provincial government platforms as an example (e.g., \"XX provincial government service network\"):
1\u3001Login platform (support business license number, legal person cell phone, Alipay, etc.)
2\u3001Search for \"Beneficial Owner Filing\" to enter the portal
3, fill in the enterprise unified credit code, name
4. The system automatically determines whether you meet the conditions for \"exemption\": all meet the conditions \u2192 click \"Commitment to exemption\" to complete; do not meet the conditions \u2192 fill in the beneficiary's information (name, ID card, contact information, etc.)
5\u3001Submit successfully that the record is complete<\/p>\n\n\n\n
VII. What happens if you don't file?
Account freezes: banks may restrict transactions on accounts, affecting the flow of funds
Facing fines: up to 50,000 yuan for refusing to correct the situation
Credit damage: listed in the business exception list, affecting loans, tenders, cooperation
Frequent inspections: increased random inspections by regulators interfering with normal operations
Financing difficulties: possible cut-off by banks<\/p>\n\n\n\n
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Recently, many business owners have received a text message reminder of \"Beneficial Ownership Filing\" and many are confused: what is this? Should my company do it? What will happen if I don't? Don't panic! This article in plain language to give you a clear, recommended to forward the collection ~!<\/p>","protected":false},"author":1,"featured_media":5319,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14,15],"tags":[],"class_list":["post-5317","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-group","category-industry"],"yoast_head":"\n