1. Having a company name and establishing an organization meeting the requirements of a joint stock limited company;
2. There are more than two promoters under 200 people, and more than half of the promoters must have a residence in China;
3. The promoters shall formulate the articles of association;
4. Other conditions are met.
The legal basis of Article 76 of People's Republic of China (PRC) Company Law: Article 76 of People's Republic of China (PRC) Company Law.
Article 76 of the Company Law of People's Republic of China (PRC)
The establishment of a joint stock limited company shall meet the following conditions:
(1) The promoters meet the quorum;
(2) It has the total amount of capital subscribed or paid-in by all promoters in accordance with the articles of association;
(3) The issuance and offering of shares comply with the law;
(4) The promoters shall formulate articles of association, which shall be adopted by the founding meeting;
(5) Having a company name and establishing an organization meeting the requirements of a joint stock limited company;
(6) Having a company domicile.
Article 78
The establishment of a joint stock limited company shall have two or more promoters, of whom more than half of the promoters shall have their domicile in China.