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.