How it works in practice
Maintain a current ownership chart to natural persons, with ID and control explanations for complex trusts or PE structures. Align China filings with global CRS/FATCA and fund reporting so stories match across jurisdictions.
FAQ
Is the legal representative the UBO?
Not necessarily. UBO focuses on ownership/control benefits; the legal representative is a statutory role that may be an employee or nominee manager.
Do WFOEs with a single foreign parent still file?
Often yes—the natural person(s) behind the foreign parent still matter for beneficial-owner purposes.