China Company Registration
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The main conditions for registering a company in China are: shareholder requirements, shareholder age requirements, registered capital requirements, registered address requirements, company name requirements, etc. The above conditions must be identified and processed for the registration of the company, and only those that meet the conditions can be processed.
1. Shareholder requirements
In line with the requirements for the registration of companies in various countries, at least one or more shareholders or directors are required, which is the most basic condition for the registration of companies. This is the most basic condition for the registration of a company. A company is set up with the number of employees. There is no restriction on the nationality of shareholders and directors.
2. Age of shareholders
As in all countries, the age requirement for shareholders and directors when incorporating a company in the UK is that they must be at least 18 years of age. After all, minors are not very mature mentally or in terms of experience. As a member of the company, you need to be responsible for the company.
3. Registration capital
In the United Kingdom to register a company, the registered capital can not be less than £ 1, the highest registered capital can be as high as 1 million pounds, of course, can not be filled in accordance with the actual capital, according to some of the company's situation to fill in the amount can be. It is worth noting that, if the registered capital exceeds £1 million, it is necessary to pay a separate 5% centile tax.
4. Registered address
To register a company in the UK, the address of the company must be in the UK. This is a mandatory requirement, so before registration, you must first choose a good company address.
5. Company name
The conditions for registering a company in the UK are relatively simple and can be met by the general public. However, there are certain regulations for the name of the company. They require that when a foreign company is registered in the UK, the name of the company must end with "Limited", such as: LIMITED, CO, LTD, etc.. In addition to this rule, you must not use the word bank, trust company or similar unless you have applied for the appropriate licence. Otherwise, your application for registration will not be approved. In order to avoid unnecessary problems, you must pay extra attention when naming your company.
Second, the company to reduce the registered capital
The reduction of the registered capital of a company refers to the legal act of reducing the registered capital of a company on the basis of its original establishment, by resolution of the authority, in accordance with the statutory procedures. Its legal procedures are as follows.
(i) the company authority to make a resolution or decision. In the case of a limited liability company, a resolution shall be passed by shareholders representing more than 2/3 of the voting rights; in the case of a wholly state-owned company, a decision shall be made by the State-owned Assets Supervision and Administration Agency, of which the reduction of the capital of an important wholly state-owned company shall be reviewed by the State-owned Assets Supervision and Administration Agency and reported to the People's Government at this level for approval. In a joint-stock company, it must be approved by a resolution of shareholders representing more than 2/3 of the voting rights.
(ii) Preparation of forms. When a company resolves to reduce its registered capital, the board of directors must prepare a balance sheet and an inventory of property.
(iii) Notification and announcement. It should be noted that in respect of the matter of increasing the registered capital, the company is not required to notify and announce the creditors, but when the company reduces its registered capital, it should notify the known creditors within 10 days from the date of the resolution to reduce the registered capital and announce it in the newspapers within 30 days. Creditors shall have the right to demand the company to settle its debts or provide corresponding guarantees within 30 days from the date of receipt of the notice, or 45 days from the date of the first announcement if they have not received the notice.
(iv) Registration of changes. When the company reduces its registered capital, the original registered capital of the articles of association is changed and the change must be registered with the original company registration authority. If the registered capital is misrepresented at the time of registration, the company shall be ordered to make corrections and shall be fined not less than 5% and not more than 15% of the amount of the misrepresented registered capital. Where a company limited by shares reduces its registered capital by acquiring shares in the Company, it must cancel such shares within 10 days and register the change and announce it in accordance with the laws and administrative regulations.
The registered capital of a company after the reduction of capital may not be less than the statutory minimum.
The relevant conditions and requirements of the registered company, the parties can directly to the administrative department for industry and commerce staff consultation processing, especially for the specific circumstances of the registered company, should be in line with the relevant legal provisions, if the relevant circumstances can not be identified, can be combined with the actual processing, to avoid errors in the application of the law.
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