Company Filing Requirements in China

Legal requirement to file accounts

Companies have to produce a balance sheet and a profit and loss account.

The Ministry of Finance publishes some important guidelines in the "Accounting Standards for business Enterprises "

Company registration and licensing procedures

For the establishment of the company status, no specific procedure is required. Capital and status must be registered with the Provincial Department of Trade and Industry. Company by-laws and registration should be registered with the Trade Register.

Types of companies registered in China

Form	Number of partners/ shareholders	Minimum and/or maximum capital	Liability	Release of financial documents
Youxian zeren gougsi is a Private Limited Company.	Minimum 2 Maximum 50	Capital varies from RMB 300,000 to 500,000 depending on the activity of the company	Liability is limited to the amount contributed	No
Gufen youxian gougsi is a joint-stock company.	Minimum 5	RMB 10 million	Liability is limited to the number of shares held	Yes

 

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