In principle, shareholders can register other similar companies without special restrictions in law, except that the shareholder was originally a shareholder of a one person limited liability company. A natural person can only invest to establish a one person limited liability company. The one person limited liability company cannot invest to establish a new one person limited liability company.
Legal basis
Article 57 of the Company Law The establishment and organizational structure of a one person limited liability company shall be governed by the provisions of this section. The one person limited liability company referred to in this Law means a limited liability company with only one natural person shareholder or one legal person shareholder. Article 4 The shareholders of the Company shall have the right to benefit from assets, participate in major decisions and select managers according to law. Article 58 A natural person can only invest to establish one one person limited liability company. The one person limited liability company cannot invest to establish a new one person limited liability company.
