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What Does Registered Capital Mean?
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General Taxpayer or Small Scale Taxpayer?
What’s Legal Representative for a China Company?
In our previous blog, we explained “legal representative” of a company in China, now let’s explain the concept of “ registered capital” and related legal provisions.
Generally speaking, registered capital of a company shows the fund strength or capacity of a company to certain extent, which could be used as reference for other company to choose their cooperative partner or for bank to evaluate if or not they will grant a loan application.
So does it mean that the bigger registered capital a company claim to have, the better? Wrong, wrong, wrong!