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Foreign Invested Commercial Enterprise (FICE) Incorporation in China

Information provided below will guide you to:

Documents Required & Registration Procedures of FICE

Condition(s):

Wholesale FICE's minimum capital: RMB 500,000
Retail FICE's minimum capital: RMB 300,000
Obtaining the import/export license and VAT invoice recommended capital: USD$140,000

Documents Required

The documents required for setting up a FICE in China are listed below:

  • 2x Certificate of Incorporations or Equivalent document certified by Chinese embassy or Chinese consulate overseas; [Sample: UK , US, HK,AUS, RUS, SGP, GER, SWE, ISL etc.] 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
  • 2x Bank Reference Letters from investor’s bank to declare a good standing [ Sample ]
  • Passport copy of: (i) Parent company's director (ii) New China Legal Representative and (iii) New China FICE's Supervisor
  • China FICE Legal Representative provides: 6 photos (2 inches size), brief resume [ Sample ]
  • Brief introduction of the foreign investor(s) including name, address and telephone number
  • Registered capital; Business Scope; Custom HS Code of proposed Import/Export products [Codes]
  • Office address, 2x leasing contracts of office in China[ Sample ] , 2x certificate of real estate ownership [Sample], and 2x landlord identification [Individual, Company]
  • Letter of Authorization [ Sample ]
  • The latest annual audit report copy from the parent company which provided by a Certified Public Accountant (CPA) [ Sample ] No need for individual investor

Registration Procedures

Foreign companies are not allowed to directly submit the application documents to the relevant authorities. They must retain a PRC entity that is authorized or permitted by relevant authorities to act as a sponsor. The sponsor will submit all the documents to the examination and approval authority on behalf of the foreign investors. Procedures to set up the Foreign-Invested Commercial Enterprise(FICE) in Shanghai, Beijing China as following:

  • Name registration with State Administration of Industry and Commerce (SAIC)
  • Retail license from Local Economy Committee (if applicable)
  • Certificate of Approval by Ministry Of Commerce or Foreign Economical Cooperation Bureau
  • Apply for Business License with SAIC
  • Company Chops made by Public Security Bureau (PSB)
  • Organization Code License by Technical Supervision Bureau (TSB)
  • Tax Certificate by Tax Bureau
  • Registration and Approval with State Administration of Foreign Exchange (SAFE)
  • Open Foreign Currency and RMB bank account
  • Inject Capital from investor’s overseas bank account
  • Capital Verification Report by Certified Public Accountant (CPA)
  • Apply for Permanent Business License with SAIC
  • Financial Certificate Registration
  • Statistics License Registration
  • Obtain the Import/Export license
  • VAT invoice (Optional)

More information about Foreign-Invested Commercial Enterprise setting up in China:

Feel free to contact us if you have any question or need of any assistance.



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Tang Ning (Shanghai) Ltd.
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Fax: (8610) 6563.7624
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