Date
27 April 2018

Govt to revamp company capital registration system, Xinhua says

The central government will overhaul the corporate capital registration in a bid to lower start-up costs and stimulate private investment, Xinhua reported Sunday, citing deliberations at a State Council standing committee meeting chaired by Premier Li Keqiang {李克強}. According to the council, the new rules will scrap the existing 30,000 yuan (US$4,933) floor for registered capital for limited liability companies and the 5 million yuan minimum on companies limited by shares. In addition, the authorities will remove limits on starting shareholders’ initial investment ratios and the deadlines on payment completion. Paid-in capital will not be included in business registration, the report said.

– Contact HKEJ [email protected]

TL/AC/SK

 

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