The State Administration Counsil (“SAC”) passed the new Registration of Association Law 2022 on 28 October 2022 (“2022 RAL” or the “Law”) to regulate the registration and other related aspects of Local Non-governmental organization (“NGOs”) and International Non-governmental Organization (“INGOs”). The RAL repeals and replaces the Registration of Associations Law 2014 (“2014 RAL”). The 2022 […]

On 4 June 2019, the Financial Regulatory Department (“FRD”) issued a letter (“Letter”) directing International Non-Governmental Organizations (“INGOs”) and Non-Governmental Organizations (“NGOs”) which provide microfinance services to register as companies and apply for fresh Microfinance Business License (“MFI License”). MFI License issued previously Pursuant to the Letter, FRD had previously issued MFI Licenses to 3 […]