The present disclosure provides a level-shift circuit and a display device. The level-shift circuit includes a logic setting unit, a control unit, a first field effect transistor, a second field effect transistor, and an over-current protection module. An input terminal of the logic setting unit is input with an initial signal. An output terminal of the logic setting unit is connected with an input terminal of the control unit. The over-current protection module is configured to reduce a resistance of the level-shift circuit when the level-shift circuit is in an initial stage, and increase the resistance of the level-shift circuit when the level-shift circuit is in a working stage.