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1. Adventages
2. Procedure and documents required
FICE (Foreign Investment Commercial Enterprise)
Adventages
①: Can import and export;
②: Can open stores and carry out wholesale;
③: Eastablish and publicize a good brand image;
④: Can get one year visa in the name of the company;
⑤: The registered capital is lower.
#GOTOP
Registration Procedure and Documents Required
Time Line
Step 1: Name checking and registration (about 5 working days)
Step 2: Approval Certificate (about 15 working days)
Step 3: Apply for Business License (about 7 working days)
Step 4: Apply for Organization Code License (about 2 working days)
Step 5: Tax Registration (about 7 working days)
Step 6: Open an RMB bank account (about 3 working days)
Step 7:Foreign Currency Registration Certificate (about 1 working day)
Step 8: Capital verification (about 7 working days)
Note: The timeline listed above only for reference. Please subject to the actual timeline that government follows.
Documents Required
1. If the investment is made by a foreign company, the Business License notarized by notarization office and attested by the Chinese Embassy in that Country is needed (The original passport is needed if the investment is made by an individual/ individuals);
2. Original copies of the Credibility Letter(Bank Reference Letter to prove that the investor has a good financial credibility) from the foreign company’s bank;
3. The Photocopy of the ID card or passport of the Legal Representative of the foreign company(not needed if the investment is made by an individual/ individuals);
4. The resume and 2 one-inch (headshot without hat or accessories) photos of the Legal Representative of the proposed FICE;
5. 5 proposed Chinese company names for the proposed FICE;
6. The business scope of the proposed FICE;
7. The Chinese version of all documents mentioned above;
8. The address of the proposed FICE, 2 original copies of the house leasing contract, a photocopy of the Certificate of Estate Property and a photocopy of Record-Keeping Certification of the House Leasing.
#GOTOP
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