China FICE Registration
Hotline: 86-755-82148419, Email: susiehu@citilinkia.com, Wechat: 13823131503
A Foreign Invested Commercial Enterprise, more commonly know as FICE (in some cases even further shortened to Foreign Invested Enterprise or "FIE") is fast becoming a common investment vehicle for Mainland China based foreign business. Reason being; The FICE is a genetically enhanced, characteristics enriched form of a WFOE, but in contrary to the WOFE, under the business model of a FICE foreign invested commercial enterprises are allowed to trade within Mainland China.
Documents Required
The documents required for setting up a FICE in China are listed below:
1. 2x Certificate of Incorporations or Equivalent document certified by Chinese embassy or Chinese consulate overseas; As for individual investor: The passport copy of Investors need be certified by Chinese embassy or consulate. Double check with us if individual investor is in China currently
2. 2x Bank Reference Letters from investor’s bank to show a good standing
3. Passport copy of: (i) Parent company's director (ii) New China Legal Representative and (iii) New China FICE's Supervisor
4. China FICE Legal Representative provides: 6 photos (2 inches size), brief resume
5. Brief introduction of the foreign investor(s) including name, address and telephone number
6. Registered capital; Business Scope; Custom HS Code of proposed Import/Export products
7. Office address, 2x leasing contracts of office in China, 2x certificate of real estate ownership, and 2x landlord identification;
8. Letter of Authorization;
9. The latest annual audit report copy from the parent company which provided by a Certified Public Accountant (CPA) (No need for individual investor)
Registration Procedures
1. Name registration with government department
2. Retail license (if applicable)
3. Certificate of Approval
4. Apply for Business License
5 Open Foreign Currency and RMB bank account
6. Inject Capital from investor’s overseas bank account
7. Apply for Permanent Business License
8. Financial Certificate Registration
9. Statistics License Registration
10. Obtain the Import/Export license
In general a FICE has no rights for tax advantages and is being taxed like a Chinese invested company. This means tax planning at the pre-incorporation stage must be part of the investment structuring process.
Contact us
For further queries, please do not hesitate to contact ATAHK at anytime, anywhere by simply calling China hotline at 86-755-82143422, 86-755-82143512, or emailing to anitayao@citilinkia.com