Wednesday, 26 March, 2014

China simplifies company law

The Chinese government has made significant changes to PRC Company Law that are designed to reduce bureaucracy and foster growth.

The amendments became effective on 1 March 2014 and aim to reduce administrative burdens, ease registration processes and unify procedures nationwide, to boost investments and spread economic growth.

The most significant change has to do with the way registered capital is applied under Chinese law.

Click here to view the full article.