For a foreign-invested company with limited liability, the number of shareholder(s) shall be no less than one and no more than fifty.
The Chinese investor(s) shall be the legitimate company, enterprise or economic organization. For the Sino-foreign joint (cooperative) high-tech enterprise, upon approval by the business department, Chinese citizens may make contributions as natural person.
For a foreign-funded joint-stock company, the number of initiators shall be no less than two and no more than two hundred, of whom over a half shall have a domicile in China.
The shareholders shall satisfy relevant qualification requirements as per General Guidelines and Risks on License Application for Investment and specific requirements as specified in the official website of Beijing Administration for Industry and Commerce.