Definition
A Foreign-Invested Commercial Enterprise is a foreign company, which does not 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. Like a WOFE, a FICE could be completely financed by a foreign investment and a Chinese partner is not required. Exceptions are products like books, sugar, salt, oil etc. For these products a Joint Venture with a Chinese Partner is required. 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.
The incorporation procedure of a FICE differs from the incorporation procedure of a WOFE because a FICE needs a pre-approval of Chinese import and export authorities.
Services
We take care of all the registration procedure saving you a lot of time. Typically, a FICE includes registration at 13 different Examination and Approval Departments. We are experienced in all the application requirements making sure that your FICE is correctly registered according to all latest legislations
Contact us with your requirements and we will get back to you within one business day.