Closing a WFOE is materially harder than opening one; China offers two tracks — standard liquidation and simplified deregistration (简易注销) — plus a “one-window” cancellation linking the systems. 关闭 WFOE 远比设立困难；中国有两条路径——普通清算注销与简易注销，另有联通各系统的”一网通办”注销。 Standard route: resolve to dissolve, publish a 45-day creditors’ … Dissolution & Deregistration of a WFOERead more
公司设立 / Company Setup
Five-year capital subscription under the new Company Law
The revised Company Law requires LLC shareholders to fully pay subscribed capital within five years of incorporation. 修订后的《公司法》要求有限责任公司股东在公司成立后五年内缴足认缴的注册资本。 Existing companies incorporated before 1 July 2024 must adjust over-long subscription periods by 30 June 2027. 2024年7月1日前设立、认缴期限超过五年的存量公司，须在2027年6月30日前调整到位。 Foreign-invested enterprises are subject to … Five-year capital subscription under the new Company LawRead more
Registered Capital and the Five-Year Subscription Rule: A Setup Guide for Foreign Investors
Under the 2024 Company Law, limited-liability shareholders must fully pay subscribed capital within five years of incorporation; joint-stock promoters pay in full before incorporation.依2024年《公司法》，有限责任公司股东须自公司成立之日起五年内缴足认缴出资；股份公司董事（发起人）于成立前全额缴纳。 A State Council regulation gave existing companies a three-year transition: those with remaining terms exceeding five … Registered Capital and the Five-Year Subscription Rule: A Setup Guide for Foreign InvestorsRead more
Accelerated Capital Contributions and Post-Transfer Shareholder Liability under China’s New Company Law: A Risk Guide for Foreign-Invested Enterprises
Article 54 lets a creditor force early payment of unpaid subscribed capital once the company cannot settle a matured debt — no bankruptcy filing required. 第54条规定，公司不能清偿到期债务时，债权人即可要求未届出资期限的股东提前缴纳出资，无需先进入破产程序。 A distant contribution deadline in the articles of association is no longer a shield; … Accelerated Capital Contributions and Post-Transfer Shareholder Liability under China’s New Company Law: A Risk Guide for Foreign-Invested EnterprisesRead more
Coping with the Five-Year Subscription Rule: Capital Reduction for Legacy Foreign-Invested Enterprises
The 2023 Company Law caps a limited-liability company’s subscribed capital at five years from incorporation, effective 1 July 2024.新《公司法》规定有限责任公司股东认缴的出资额须自公司成立之日起五年内缴足，自 2024 年 7 月 1 日起施行。 Legacy FIEs incorporated before 1 July 2024 enjoy a “3+5” transition: residual subscription periods exceeding … Coping with the Five-Year Subscription Rule: Capital Reduction for Legacy Foreign-Invested EnterprisesRead more
Capital contributions to a China FIE: methods, currencies and FX registration
Foreign investors can contribute capital to a China FIE in cash (foreign currency or offshore RMB) or in kind — equipment, intellectual property, land-use rights, equity and even debt claims — as long as the assets can be valued in … Capital contributions to a China FIE: methods, currencies and FX registrationRead more
Registered Capital Under the New Company Law
Under the new Company Law (effective 1 July 2024), LLC shareholders must pay in all subscribed capital within five years of incorporation (自公司成立之日起五年内缴足). 依新《公司法》（2024 年 7 月 1 日施行），有限责任公司股东须于公司成立之日起五年内缴足全部认缴资本。 Companies incorporated on or before 30 June 2024 get a three-year … Registered Capital Under the New Company LawRead more
Choosing the Right Organisation Form for a Foreign-Invested Enterprise in China: Companies, Partnerships and Representative Offices
Since 1 January 2020, foreign-invested enterprises (FIEs) are no longer carved into CJV/EJV/WFOE types; they take the same company or partnership forms as domestic firms under the Company Law and Partnership Law.自2020年1月1日起，外商投资企业不再区分为中外合资、中外合作、外商独资三类，而是与内资企业一样适用《公司法》《合伙企业法》采取公司或合伙形式。 A foreign investor may set up a limited-liability … Choosing the Right Organisation Form for a Foreign-Invested Enterprise in China: Companies, Partnerships and Representative OfficesRead more
Foreign-Invested Investment Companies and Regional HQs: Structuring Options for Market Entry
Foreign-Invested Investment Companies and Regional HQs: Structuring Options for Market Entry | 外商投资性公司与地区总部：集团入华架构选型 Why this matters now When a multinational first enters China it usually defaults to a single wholly foreign-owned enterprise (WFOE). But as the China footprint grows — … Foreign-Invested Investment Companies and Regional HQs: Structuring Options for Market EntryRead more
Rebuilding FIE Governance After the Five-Year Transition: From Board-as-Supreme-Organ to the Shareholders’ Meeting, and How to Design Articles, Organs and Control
Rebuilding FIE Governance After the Five-Year Transition: From Board-as-Supreme-Organ to the Shareholders’ Meeting, and How to Design Articles, Organs and Control | 外商投资企业的治理架构改造：从董事会最高权力机构到股东会——《外商投资法》五年过渡期终结后的章程、机构与控制权设计 Overview A Sino-foreign joint venture long ran on an unusual rule: the board, not the shareholders, was … Rebuilding FIE Governance After the Five-Year Transition: From Board-as-Supreme-Organ to the Shareholders’ Meeting, and How to Design Articles, Organs and ControlRead more