2. The share capital subscribed and raised by the promoters reaches the minimum statutory capital. The minimum registered capital of a joint stock limited company is RMB 5 million.
3. The issuance and preparation of shares are in compliance with the law.
4. The promoters shall formulate the articles of association.
5. Have a company name and establish an organization that meets the requirements of a joint stock limited company.
6. Have a company residence.
Legal basis: Article 79 of the Company Law of People's Republic of China (PRC) establishes a joint stock limited company, and there shall be two or more but not more than 200 promoters, and more than half of the promoters shall have their domicile in China. According to this feature, a joint stock limited company cannot be a one-person company, and its shareholders are at least two. However, when the company is established, the number of sponsors cannot exceed 200. The promoters may be natural persons, legal persons or other economic organizations.