Foreign Investment Commercial Enterprise (FICE)

Adventage

1: Can import and export;

2: Can open store and wholesale;

3: Eastablish and propagandize a good brand;

4: You couuld get one year visa in the name of the company;

5: The register capital is lower.

Procedure and documents require

Procedure

Step 1: Request Name Check and Registration (about 3 working days)

Step 2: Apply for Approval Certificate (about 1 months)

Step 3: Apply for Business License (about 15 working days)

Step 4: Apply for Organization Code License (about 1 working day)

Step 5: Complete Tax Registration with Tax Bureau (about 15 working days)

Step 6: Open a RMB bank account (about 3 working days)

Step 7:Apply for Foreign Currency Registration Certificate (about 1 day)

Step 8: Submit Capital Verification Report (about 7 working days)

Note: the processing time is variable subject to the government schedule.

Documents Required

• Notarization and attestation Business License of the investing company or notarization and attestation passport of the individual investor from Chinese Embassy in the investor¡¯s country.

• If the investor is a company, then need to show the Audit Report of last year of your company.

• Two original Bank Letters issued by the bank (note: required for both the investing company or the investing individual)

• Photocopy of the ID card or passport of the Chairperson of the board of the investing company

• Photocopy of the passport or ID card of the legal representative of the to be established company

• Eight photos of the legal representative of the to be established company

• At least 5 optional company names

• Business scope of the to be established company

• Audit report of the investing company (not required for individual investor)

• Shanghai office rental contract (original) and photocopy of real estate certificate (a signature of the landlord on the real estate certificate is required)

Note: the documents listed above are only acceptable in Chinese.