FAQs on Foreign Invested Enterprise (FIE) in China
Hotline: 86-755-82143422, Email: tannet-solution@hotmail.com
Foreign invested enterprises have been gaining popularity among foreign investors who seek to doing business in China due to the country’s improved business environment in recent years. To better help investor understand the situation, Tannet collect the frequently asked questions on the incorporation of foreign invested enterprise.
Q: What kind of enterprise can be incorporated by foreign investment in China?
A foreign investment enterprise can be incorporated in the form of wholly foreign-owned enterprise, sino-foreign equity joint venture, sino-foreign co-operative joint venture and foreign investment partnership enterprise.
Q: What is the minimum amount of registered capital for foreign investment enterprise incorporation?
Foreign investment enterprise incorporation just needs to invest the registered capital suitable for the company size. The minimum amount of registered capital for wholesaling and retailing is RMB500,000, and for retailing is RMB100,000.
Q: What are the requirements of the registered address of foreign investment enterprise?
The enterprises shall have actual working places, normally in office, commercial and residential buildings or business centers, etc.
Q: What documents should be notarized for foreign investment enterprise incorporation?
(1) Foreign investor enterprise's Business Registration Certificate and Registered Certification, etc;
(2) ID card or passport, if the foreign investor is a nature person.
The foregoing certificates shall be subject to notarization by local solicitors first and certification by local Chinese consulate/embassy later; while the certificates of enterprises in Hong Kong and Macau regions shall be subject to notarization by Chinese appointed attesting Officers.
Q: What process should be involved in foreign investment enterprise incorporation?
The application for foreign investment enterprise incorporation is subject to the following sequence (if fire protection, health, environmental protection and other pre-approval and examination conditions are involved, these certificates should be obtained first):
(1) Prior approval of the name of newly established enterprise;
(2) Approval of local Ministry of Foreign Trade & Economic Cooperation and get the “Certificate of Approval for Establishment of Enterprises with Foreign Investment in the People’s Republic of China”;
(3) Application for the new integrated business license to Administration for Industry and Commerce;
(4) Ordering official company seal with Public Security Bureau;
(5) Opening bank account (including RMB basic account and foreign exchange capital account);
(6) Foreign Exchange Registration Certificate;
(7) Processing necessary formalities for foreigner’s recruiting and work permit.
Q: Does a foreign investment enterprise need a separate application for the import/export rights?
Yes. Enterprise needs to apply for registration with relevant authority and get the import/export rights before conducting import/export business.
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If you have further inquires, please do not hesitate to contact Tannet at anytime, anywhere by simply visiting Tannet’s website english.tannet-group.com, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143422, or emailing to tannet-solution@hotmail.com. You are also welcome to visit our office situated in 16/F, Taiyangdao Bldg 2020, Dongmen Rd South, Luohu, Shenzhen, China.
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