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Chinese Mainland Legal Entity Types
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Learn MoreChinese Mainland LLC
CNChinese MainlandLegal Entity TypesChinese Mainland LLC
有限责任公司Limited Liability Company (LLC) is a type of corporation with independent legal person status. The liability of its shareholders is limited to their contributions and they are not liable for the compa…- Ownership
- Consolidated Ownership
- Limited Liability
- Positive
- Publicly Participates In Capital Market
- Negative
- Requirements For Shareholders
- Cannot exceed fifty
- Requirements For Directors
- The board of directors is composed of three to thirteen members. For limited liability companies with a small number of shareholders or a small scale, they can appoint an executive director without establishing a board of directors. The executive director can also serve as the company's manager.
- Legal Representative Not Mandatory
- Positive
- Local Directors Not Mandatory
- Negative
- Local Secretaries Not Mandatory
- Positive
- Minimum Registered Capital Requirement
- If there is only one shareholder, the minimum requirement is 100,000 RMB. If the number of shareholders is between 2-50 people, the minimum is 30,000 RMB.
- Capital Injection Not Required
- Negative
- Capital Injection Requirement
- 1. The minimum registered capital for a single-person limited company is 100,000 yuan, which must be fully contributed at one time;<br>2. For a limited company with two or more shareholders, the minimum registered capital is 30,000 yuan, which can be contributed in installments. The initial contribution should not be less than 20%, and the remaining registered capital can be in place within 2 years. For investment companies, the capital can be in place within 5 years.
- Learn MoreChinese Mainland Ltd.CNChinese MainlandLegal Entity Types
Chinese Mainland Ltd.
股份有限公司A limited liability company is a legal entity formed by shareholders who jointly contribute capital, with each shareholder being liable for the company's obligations up to the amount of their capital …- Ownership
- Consolidated Ownership
- Limited Liability
- Positive
- Publicly Participates In Capital Market
- Positive
- Requirements For Shareholders
- Between two and two hundred people, with at least half of them residing within the territory of China
- Requirements For Directors
- Five to nineteen people
- Legal Representative Not Mandatory
- Negative
- Local Directors Not Mandatory
- Negative
- Local Secretaries Not Mandatory
- Positive
- Minimum Registered Capital Requirement
- No minimum requirement, a limited liability company established by way of raised funds, with registered capital being the total amount of paid-up capital.
- Capital Injection Not Required
- Negative
- Capital Injection Requirement
- Shareholders can contribute their registered capital in the form of currency or evaluated intangible assets, among which the monetary capital shall not be less than 30% of the total registered capital of the company.
- Learn MoreChinese Mainland WFOECNChinese MainlandLegal Entity Types
Chinese Mainland WFOE
外商独资企业WFOE is the abbreviation for wholly foreign-owned enterprise. It refers to an enterprise established solely by foreign investors or in partnership with Chinese mainland partners. WFOE belongs to the m…- Ownership
- Consolidated Ownership
- Limited Liability
- Positive
- Publicly Participates In Capital Market
- Negative
- Requirements For Shareholders
- At least one person
- Requirements For Directors
- At least one person
- Legal Representative Not Mandatory
- Negative
- Local Directors Not Mandatory
- Positive
- Local Secretaries Not Mandatory
- Positive
- Minimum Registered Capital Requirement
- 1. Starting from 1 RMB;<br>2. The registered capital of a production-oriented company shall not be less than 30,000 yuan, the registered capital of a commercially-oriented company mainly engaged in wholesale business shall not be less than 30,000 yuan, and the registered capital of a commercially-oriented company mainly engaged in retail business shall not be less than 30,000 yuan.
- Capital Injection Not Required
- See Memo
- Capital Injection Requirement
- Need to be paid in 3 years.
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