Published: 06 Oct 2008 17:37:07 PST
Setting up a company
Legal business entities
| Different types of companies | Number of partners/shareholders | Maximum and/or minimum capital | Liabilities | Registration fees |
| Youxian zeren gougsi is a Private Limited Company. | Minimum 2. Maximum 50. |
Capital varies from RMB 300,000 to 500,000 depending on the activity of the company. | Liability is limited to the amount contributed. | |
| Gufen youxian gougsi is a joint-stock company. | Minimum 5. | RMB 10 million | Liability is limited to the number of shares held. | |
- Business setup procedures
- For the establishment of the status, no specific procedure is required. Capital and status must be registered with the Provincial Department of Trade and Industry. The company by-laws and registration should be registered with the Trade Register.
Working conditions
- Legal weekly duration
- 40 hours
- Retirement age
- Working contracts
Cost of labor
- Minimum wage
- No legally mandated national minimum wage
- Average wage
- Social security contributions paid by employers
- Social security contributions paid by employees
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