China FICE Registration
Hotline: 86-755-82148419, Email: susiehu@citilinkia.com, Wechat: 13823131503
The Administration of Foreign Investment in Commercial Fields abolished the extant regional restrictions on foreign investors. This is perhaps the most outstanding feature which allowed to catapult the FICE popularity level straight up. They also expanded business scopes, and the requirement for registered capital was largely reduced. These measure began only in recent years and after China had joined the World Trade Organisation WTO in 2004.
With China aggressively working their own economy to become the world’s largest economy and a rising Chinese middle class, Macroeconomic trends surrounding the new breed of Chinese consumer can be summed up and characterised in one word "Potential". China alone contains a health chunk of the world’s population and in boosting their own consumption and graving for more foreign and brand products they are already avid consumers. Thus, China is fast becoming an enticing marketplace for any foreign Company and the means to get a foot in the door is by means of a Foreign Invested Commercial Enterprise.
Today, foreign investors can set up joint venture, co-operatives or wholly owned enterprises; or they can franchise others to open stores. Moreover, they can engage in one or more selling operations simultaneously, and more importantly, they are now entitled to import-export privileges previously reserved for China Mainland companies only.
The Foreign-Invested Commercial Enterprise features the ideal way for foreign entrepreneurs to enter China’s rapidly growing local: import, export and retail markets. Previously, only Global Corporations fulfilled the criteria required to set up a foreign-invested venture in Mainland China. A good example would be MacDonald’s, but they have no other western competition, basically because no other enterprise is large enough - or was large enough to distribute goods and services in the expanding Chinese market. However, this has now radically altered as the China FICE makes the Chinese marketplace available to a multitude of foreign investors and all nationalities.
Foreign companies can now choose to acquire trading and distribution rights, or to set up a new, standalone foreign-invested commercial enterprises (FICE), including the ability to expand the business scope of an existing an existing and qualifying enterprise.
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.