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China briefing: Foreign Invested Commercial Enterprise

A Foreign Invested Commercial Enterprise, known as FICE, is an enterprise invested into by non-Chinese national shareholders carrying out business activities such as retail, franchising, wholesale and commissioning.
9th July, 2018

They may be entirely owned by non-Chinese nationals and in such cases are referred to as Wholly-Foreign Owned Entities (WFOEs). WFOEs are an ideal method for foreign investors to enter the Chinese mainland market.

After successfully establishing a company via a FICE structure in China, you would be able to:

  • Take full control of your China-based supply chain and expand the range of suppliers
  • Sell in Renminbi (RMB) to Chinese customers and issue FAPIAOS (Chinese legal receipts)
  • Benefit from VAT rebates when exports are done through a FICE
  • Have no limits of annual turnover or minimum asset requirements
  • Launch branch offices anywhere in China and hire employees directly.

To read more about FICE please click here.

Managing Director

Cindy Cheng
Cindy Cheng
Managing Director Shanghai