China Amends Company Law Provisions: Update from Nair & Co. International
(Bristol, UK) - China’s National People’s Congress approved recent modifications suggested under the
company law of the People's Republic of China (PRC). Announced on 28 December 2013, China plans to
ease company establishment requirements and reform the company capital registration regime
effective 1 March 2014, reports Nair & Co.’s International Compliance Team. PRC’s Company Law
modifications have been circulated to highest level; however, for actual implementation,
comprehensive regulations have to be issued.
Amendments to the Company Law provisions include:
Eliminating the registered capital requirements for incorporating companies.
Updating the paid-up capital registration system to a subscription based system.
Doing away with the minimum capital requirements.
See more details at: http://www.nair-co.com/ChinaEaseCompanySetUpNorms-06-12-2013.aspx
Companies planning to set base in China may find the new company registration requirements easier
than previously. The new rules are based on the principle of treating both domestic and foreign
investors at par.
For more information about doing business overseas or to know more about our International
Expansion Services team please contact us.
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