China Amends Company Law Provisions

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China’s National People’s Congress approved recent modifications suggested under the company law of the People's Republic of China (PRC).


Sunnyvale, CA 94085, U.S, January 16, 2014 - (PressReleasePoint) - 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 International Expansion Services team please contact us.

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Nair & Co., the leader in international business expansion services, provides accounting, HR, legal, tax and compliance services for the set up and management of international operations. Model of a single-point-of-contact, supported by internal teams of experienced advisors, helps clients expand business and manage risk so they can focus on their core business and sustain growth with minimal risk, stress and cost. We support nearly 250 clients in over 70 countries. Nair & Co. is headquartered in Bristol, UK, has 450 employees and offices in China, India, Japan, Singapore, and the US. Learn more at http://www.nair-co.com/

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