Part 5/15:
Investigations reveal that some applicants registered companies with no real operations or tax obligations—to simply maintain their visas or facilitate status extension. Authorities emphasize that genuine engagement in legitimate business activities with sufficient capital and capabilities is the core requirement. The new regulations explicitly focus on eliminating shell companies and non-contributing entities.
The Stringent New Regulations: Key Changes
The reforms introduce dramatic thresholds and eligibility criteria designed to curb abuses and attract higher-quality entrepreneurs: