China FICE Registration
Hotline: 86-755-82148419, Email: susiehu@citilinkia.com, Wechat: 13823131503
A Foreign Invested Commercial Enterprise (FICE) is incorporated through the Foreign Economic Relations & Trade Commission in the city or province of incorporation. A FICE is a limited liability company that is similar in most respects to a WOFE. However, unlike a WOFE a FICE can open branch offices anywhere in China, and its activities are restricted to :
1. Wholesale activities and Retail activities
2. Manufacturing + Wholesale and Retail activities
Foreign-Invested Commercial Enterprise is a foreign company, which does not necessarily concentrate on production in China but on import and export. A FICE is a Wholly Owned by Foreign Enterprise (WOFE) with import and export rights. and just alike, a FICE could be completely financed by a foreign investment and a Chinese partner is not required.
Unlike a WFOE, a FICE may be a Joint Venture with a Chinese partner. Exceptions are products like books, sugar, salt, oil etc. For these products a Joint Venture with a Chinese Partner is required.The Foreign-Invested Commercial Enterprise has quickly become the de facto model for both WFOE & JV who wish to sell on China Mainland.
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.