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China to ease Company Set Up Norms and Requirements Update from Nair & Co. International Expansion Team (Bristol, UK) - The Chinese government is likely to approve reforms related to its corporate laws in an effort to decrease the hassles involved in setting up a new business, reports Nair & Co.’s International Business Expansion Team. These new reforms may reduce the minimum amount of capital required to set up a new company and also establish an enterprise credit system. In addition, the registration process would be eased and administrative systems would be made to be more efficient. The RMB 30,000 minimum capital requirement for registration of limited liability companies will be eliminated in addition to the RMB 100,000 minimum capital requirement which applies for incorporating a single shareholder company. The RMB 5 million minimum capital requirement for joint stock companies is also expected to be abolished. Requirements for “location of business� on registration of companies will be lowered. Businesses planning to set base in China in the near future may consider monitoring progress of the above proposals to benefit from the abolished minimum capital requirements and simplified regulations for corporate governance. For more information about doing business overseas or to know more about our Global transfer pricing services please contact us. Subscribe to regular global tax compliance alerts from Nair & Co. International Business Guide (IBG) is our online platform for companies wishing to optimize their multinational operations and would like to have specific business information for doing business in a particular country - Click Here. Get the latest news releases and updates on international tax, HR, Finance, compliance and other legal news at Nair & Co. Industry Alerts. About Nair & Co. Nair & Co., the leader in international business expansion services, provides accounting, HR, legal, tax and compliance services for the set up and management of your international operations. Our model of a single-pointof-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 www.nair-co.com Media Contacts For media enquiries or to learn to more about Nair & Co., please email us at media@nair-co.com or call Yvonne Smith at +1.408.501.8867

China to ease Company Set Up Norms and Requirements  

The Chinese government is likely to approve reforms related to its corporate laws in an effort to decrease the hassles involved in setting...

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