18 April 2018
Enquiry: What is the current minimum registered capital requirement in the case of foreign-invested enterprises (FIEs)?
In 2013, the State Council scrapped the registered capital registration system in the case of both domestic and overseas businesses. This included abolishing the RMB30,000 (US$4,800) minimum capital requirement for limited liability companies, the RMB100,000 requirement for one-person limited companies and the RMB5 million requirement for joint-stock limited companies. For companies of all kinds, however, capital registration requirements may still apply in instances specifically stipulated by prevailing legislation, administrative regulations or when directly imposed by the State Council.
The restriction on the proportion of initial contributions from a company’s founding shareholders was also rescinded, as was the time limit on such contributions. Similarly, there is no longer any obligation to register a company’s paid-in capital.