Shell companies are legal, and it is also legal to register or transfer short companies. Its registration is the same as that of the insurance company, and it has never been opened. However, if you register in registered capital flight, it is illegal and you should bear legal responsibility.
Legal objectivity:
Article 159 of the Criminal Law of People's Republic of China (PRC) 68 If the promoters and shareholders of a company, in violation of the provisions of the Company Law, make false capital contributions by failing to deliver money or goods or transferring property rights, or withdraw their capital contributions after the establishment of the company, the amount is huge, and the consequences are serious or there are other serious circumstances, they shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also, or shall only, be fined for more than 2% of the false capital contributions or less than 10% of the withdrawn capital contributions. Where a unit commits the crime mentioned in the preceding paragraph, it shall be fined, and the persons who are directly in charge and other persons who are directly responsible shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention. Article 23 of People's Republic of China (PRC) Company Law The establishment of a limited liability company shall meet the following conditions: (1) The number of shareholders shall meet the quorum; (2) The capital contribution subscribed by all shareholders in accordance with the Articles of Association; (3) Shareholders * * * agree to formulate the Articles of Association; (4) Having a company name and establishing an organization meeting the requirements of a limited liability company; (5) Having a company domicile.