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Onshore (China)
China
China's captive sector is primarily focused on pure captives owned by large state-owned or private enterprises with assets exceeding RMB 100 billion. The CBIRC oversees the industry, utilizing the China Risk Oriented Solvency System (C-ROSS) without exemption for captives. There are no specific tax exemptions for captives; they are subject to standard corporate tax rates of 25% and 6% VAT.
Quick Facts
Jurisdiction
Onshore (China)
Legislation
CBIRC Circulars (2013 and 2015)
Tax Environment
25% Corporate tax; 6% VAT
Financial Requirements
Minimum Capital & Surplus
| Structure Type | Minimum Capital |
|---|---|
| Minimum Requirement | RMB 200 million (~$29M) |
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Regulatory Framework
CBIRC Circulars (2013 and 2015)
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Tax Environment
25% Corporate tax; 6% VAT
Considering China for Your Captive?
Our consultants provide end-to-end guidance on domicile selection, feasibility, and formation. Let us help you determine if China is the right fit.