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Q&A
What are the requirements for setting up a foreign-invested commercial enterprise (FICE) in China?
What are the requirements for setting up a foreign-invested commercial enterprise (FICE) in China?
To set up a retail store in China, foreign investors must first (or concurrently) register a foreign-invested commercial enterprise. According to the 2004 FICE regulations, setting up a FICE requires applicants to meet the following criteria:
- Have a good reputation;
- Have not committed any acts in violation of Chinese laws, administrative rules, or regulations; and
- Meet minimum capital requirements as stipulated by the Chinese Company Law and the required ratio of registered capital to total investment.
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