FICE Formation in Shanghai,China.

 

Chinese government allow and encourage foreign investor to set up "Foreign Invested Commercial Enterprise" (FICE) in China to conduct wholesale, retail, and other permitted businesses. A FICE entity possesses the total rights of trading. It can conduct importation and exportation of non-self produced products solely by itself; instead of going through an import/export agency company.

 

To establish a FICE in Shanghai, China.the foreign investor has to submit the required incorporation documents to various authorities for registration. It is advisable for the investor to entrust an authorized consulting body or agency to do the tedious submission and application processes.

 

INFORMATION AND DOCUMENTS :

-- name and address of FICE

-- lease agreement of FICE

-- a written application for the establishment of FICE;

-- Feasibility Study Report covering items such as technological process, equipment, raw material supply, market survey, economic results, infrastructure facilities, expected profitability, etc

-- Articles of Association of the proposed FICE;

-- Catalogue of import and export commodities for the FICE being applied for;

-- a list containing the proposed chairman and the members of the FICE's board of directors and appointment letters;

- the Bank Reference Letter of the FICE investor;

-- the Certificate of Incorporation of the FICE investor;

-- Audit Report in the recent one year of the FICE investor;

-- other documents as may be required by the Approval Authority.