Minimum capital requirement

Minimum capital of SAS shall be twice the national minimum vital and mobile wage established at the time of its incorporation (as of January 2024: ARS312,000 in total).

Limited Liability Company (Sociedad de Responsabilidad Limitada or SRL)

No minimum capital requirement.

Last modified 27 Jun 2024

Australia

Branch

No specified minimum capital requirement.

Proprietary company

No specified minimum capital requirement.

Public company

No specified minimum capital requirement.

Last modified 27 Jun 2024

Austria

General Partnership and Limited Partnership

No minimum capital requirement.

Limited Liability Company

Stock Corporation

Last modified 27 Jun 2024

Bahrain

With Limited Liability (WLL)

No minimum capital requirement as it depends on the activity/objective that will be undertaken.

Closed Shareholding Company (BSC(c))

Not less than BHD250,000.

Foreign Branch (Branch)

No minimum capital required.

Last modified 21 Jun 2024

Belgium

Public limited company (société anonyme/naamloze vennootschap)

Minimum capital: EUR 61,500 fully paid up at the time of incorporation.

Above the minimum, each share must be paid up to 25 percent.

Next to a cash contribution, a contribution in kind can additionally be made.

Limited company (société à responsabilité limitée/besloten vennootschap)

There is no capital requirement. Obligation to have a net equity which is, taking into account other sources of financing, sufficient in the light of the envisioned activities.

Next to a cash contribution, also a contribution in kind or in industry can be made.

Belgian branch office of a foreign company

Not applicable for this jurisdiction.

Last modified 21 Jun 2024

Brazil

Limited liability company (Sociedade Limitada)

In principle, there is no legal requirement concerning the minimum capital for a Sociedade Limitada (except if a foreign person is expected to work as manager of the Brazilian company, in which case a minimum capital of BRL150,000 –approximately US30,900 – plus the commitment to create 10 job positions within 2 years or a paid-in foreign capital amounting to at least, BRL600,000 – approximately US124,000 – is required for visa purposes).

Corporation (Sociedade Anônima)

In general, there is no minimum capital requirement (except if a foreign person is expected to work as officer of the Brazilian company, in which case a minimum capital of BRL150,000 – approximately US30,900 – plus the commitment to create 10 job positions within 2 years or a paid-in foreign capital amounting to at least BRL600,000 – approximately US124,000– is required for visa purposes).

Depending on the corporate purpose, there might be a minimum capital requirement, such as in the case of insurance companies and certain financial institutions.

Last modified 24 Jun 2024

Canada

Corporate subsidiary (Corporation form rather than flow-through form)

No minimum capital requirement – however, there are thin-capitalization rules that could deny deductions for interest payments to specified non-residents.

Last modified 24 Jun 2024

Chile

Limited Liability Company (Sociedad de Responsabilidad Limitada or SRL)

There is no obligation for a minimum capital.

Corporation (Sociedad Anónima or S.A.)

There is no obligation for a minimum capital, except in the case of certain special corporations.

Simplified Corporation (Sociedades por Acciones or SpA)

There is no obligation for a minimum capital.

Branch of a Foreign Legal Entity (Agencia)

There is no obligation for a minimum capital.

Last modified 24 Jun 2024

China

No minimum capital required unless otherwise provided under the relevant laws, regulations or decisions of the State Council. The revised PRC Company Law requires the registered capital of an LLC to be contributed within 5 years from the establishment of the LLC. Existing LLCs, which were established without such 5-year contribution deadline, would have to amend their articles of association to comply with the 5-year requirement, subject to implementation rules to be promulgated.

Last modified 24 Jun 2024

Colombia

General partnership (Sociedad Colectiva)

No minimum capital requirement. When incorporating a general partnership, partners must indicate amount of their contributions to the company.

Limited partnership (Sociedad en Comandita Simple y por Acciones)

No minimum capital requirement. The company's capital is composed of contributions made by limited partners. Managing partners may also contribute to the company's capital.

Limited liability partnership (Sociedad de Responsabilidad Limitada)

No minimum capital requirement. When incorporating a limited liability partnership, partners must indicate amount of their contributions to the company.

Corporation (Sociedad Anónima)

Generally, there is no minimum capital requirement. Colombian Superintendence of Finance establishes minimum capital requirements if a corporation plans to carry out financial activities. A corporation has authorized capital, subscribed capital and paid capital.

Simplified stock company (Sociedad por Acciones Simplificada)

No minimum capital requirement. A simplified stock company has authorized capital, subscribed capital and paid capital.

Last modified 24 Jun 2024

Czech Republic

Limited liability company

There is a minimum of CZK1.

Joint stock company

There is a minimum of CZK2 million or EUR80,000.

Last modified 24 Jun 2024

Denmark

Limited liability company (Kapitalselskab)

Limited liability companies must have the following minimum share capitals respectively:

The share capital may be paid in the form of cash, assets (non-cash contribution) or a combination of the 2.

It is possible to pay only 25 percent of the nominal share capital upon formation if the contribution is paid in cash only; however, at least DKK40,000 must be paid prior to registration.

The share capital may be increased or decreased late by following the procedures stipulated in the Danish Companies Act, which generally requires a decision by qualified majority of the shareholders.

However, the share capital may not be decreased below the company's legal minimum share capital.

Last modified 24 Jun 2024

Egypt

JSC

Minimum capital required is EGP250,000. However, the minimum capital of a JSC may vary depending on the company’s activity and the decrees issued regulating such activity. In respect of the JSCs whose shares are offered to public subscription, the required minimum capital is EGP500,000.

LLC

No minimum capital requirement. It is determined by the quotaholders in the company’s AoI.

OPC

Minimum capital required is EGP1,000.

Branch

Not applicable. The foreign-based company shall only deposit an amount equivalent to EGP5,000.

RO

Not applicable. The parent company shall only deposit an amount equivalent to EGP5,000.

Last modified 30 Aug 2023

Finland

Osakeyhtiö (Oy)

Last modified 2 Aug 2023

France

Société par actions simplifiée (SAS)

The minimum is EUR1.

Société à responsabilité limitée (SARL)

There is a minimum of EUR1.

Société anonyme (SA)

Last modified 1 Jul 2024

Germany

GmbH – limited liability company

There is a minimum of EUR25,000.

Last modified 25 Jun 2024

Greece

Societe anonyme (S.A.)

The minimum share capital required for the establishment of a societe anonyme is currently EUR25,000, fully paid upon the establishment of the company.

Limited liability company (L.L.C.)

No minimum capital requirement.

Private company (P.C.)

No minimum capital requirement.

Last modified 27 Jun 2024

Hong Kong, SAR

Limited private companies

No minimum capital requirement.

Last modified 25 Jun 2024

Hungary

Private company limited by shares (Zrt.)

At least HUF5 million (USD14,000).

Limited liability company (Kft.)

At least HUF3 million (USD8,500).

Last modified 25 Jun 2024

India

Private limited company

No minimum capital requirement stipulated under the law. Typically, companies are incorporated with a nominal capital of INR100,000.

Last modified 22 May 2023

Indonesia

Limited liability company

Generally, the authorized capital is determined based on the agreement of the company’s founders (without any minimum requirement). Certain lines of business (such as banking, insurance etc.) will be subject to relevant regulations that may require a minimum amount of capital. At least 25 percent of the authorized capital must be issued and paid up as required under the Indonesian Company Law. The shareholders of a foreign investment company (a company with any number of foreign shareholders - a PMA company) must invest more than IDR10 billion for each line of business, excluding the value of any land and or building, per project location. The investment value is to be realized at a later stage (not at the time of establishment). For the establishment of a PMA company, a minimum of issued and paid-up share capital or equity is IDR10 billion.

Last modified 25 Jun 2024

Ireland

Private company limited by shares (LTD)

No minimum capital requirement.

External company

Determined by the laws of the jurisdiction of incorporation.

Last modified 25 Jun 2024

Israel

Company

No minimal requirement.

Branch / representative office

Last modified 1 Jul 2024

Italy

Società a responsabilità limitata (S.r.l.)

Minimum capital requirement of EUR 10,000. It is possible to incorporate a S.r.l. with a corporate capital of less than EUR10,000 provided that:

Società per azioni (S.p.A.)

Last modified 24 Jun 2024

Japan

Registered branch

Depends on the governing law of the foreign company.

Kabushiki-Kaisha (KK)

Godo-Kaisha (GK)

Last modified 25 Jun 2024

Luxembourg

Private limited liability company (Société à responsabilité limitée or S.à r.l.)

EUR 12,000, fully paid-up upon incorporation.

Public limited liability company (Société anonyme or S.A.)

EUR 30,000, fully subscribed and at least 1/4 of each share must be paid up.

Special limited partnership (Société en commandite spéciale or SCSp)

No minimum capital requirement.

Last modified 7 Aug 2023

Malaysia

The minimum capital requirement is 1 share.

Last modified 26 Jun 2024

Mauritius

For Global Business Corporations and Authorized Companies, the minimum capital requirement is USD1.

There is no minimum capital requirement for the PCC and for domestic companies. In practice, it will be of USD1 for PCC and MUR1 for domestic companies.

Last modified 1 Jul 2024

Mexico

S.A. de C.V.

No minimum capital requirement.

S. de R.L. de C.V.

No minimum capital requirement.

S.A.P.I. de C.V.

No minimum capital requirement.

Last modified 26 Jun 2024

Netherlands

Branch office

Determined by governing law of the head office.

B.V. (private company with limited liability)

No minimum capital requirement. Issued capital can be as small as EUR0.01 (or 1 cent in any other currency).

Co-operative U.A.

No minimum capital requirement. The membership agreement or, if so determined in the articles, the general meeting of members, can commit a member to make a payment of initial or additional equity into the co-operative.

C.V. (a limited partnership)

No minimum capital requirement, as long as each partner contributes some capital or other assets to the CV, as to be agreed by the partners.

Last modified 26 Jun 2024

New Zealand

Limited liability company

Limited liability companies have no specified minimum capital requirements. However, the Board must be satisfied that the relevant company satisfies the solvency test set out in the Companies Act immediately after making a distribution. The solvency test will be satisfied if: (1) the company is able to pay its debts as they become due in the normal course of business; and (2) the value of the company’s assets is greater than the value of its liabilities (including contingent liabilities).

Branch

No specified minimum capital requirement.

Last modified 26 Jun 2024

Nigeria

The minimum issued share capital of a private company shall be a sum not less than NGN100,000. However, for a public company, the minimum issued share capital is not to be less than NGN2 million. It is worthy of mention that companies with foreign participation are required to have a minimum capital of NGN10 million. It is important to note that the concept of authorized share capital no longer exists under Nigerian law, and, as such, a Nigerian registered entity only has issued share capital per time.

Some sector-specific laws and regulations have also imposed higher minimum capital requirements for companies operating within that sector.

Last modified 26 Jun 2024

Norway

Private LLCs

Public LLCs

Partnerships with unlimited liability

No minimum capital requirement.

Last modified 26 Jun 2024

Peru

Corporation, Closed Stock Corporation and Open Corporation (Sociedad Anónima or S.A., Sociedad Anónima Cerrada or S.A.C. and Sociedad Anónima Abierta or S.A.A.)

There is no obligation for a minimum capital.

Limited Liability Company (Sociedad de Responsabilidad Limitada or S.R.L.)

There is no obligation for a minimum capital.

Branch of a Foreign Legal Entity (Sucursal)

There is no obligation for a minimum capital.

Last modified 28 Jun 2024

Philippines

Subsidiary

USD200,000 equity capital for domestic market enterprise, or USD100,000 paid-in capital, if:

Note: Under the rules and regulations of Republic Act No. 11647, amending Foreign Investment Act of 1991, startup means any person, natural or juridical, registered in the Philippines which aims to develop an innovative product, process or business model. Startup enabler means any person registered under the Philippine startup development program that provides goods, services or capital identified to be critical in supporting the operation and growth of startups by the DTI in consultation with DOST, DICT, and pertinent government and non-government organizations. Startup enablers include startup accelerators, incubators, co-working spaces, investors, funders, event or meetup organizers catered to startups and other support organizations.

Branch office