Documents Required & Registration Procedures of FICE

Conditions:
Company Type Captial
Wholesale FICE's minimum captial USD$65,000
Retail FICE's minimum captial USD$38,000
Obtaining the import/export license and VAT invoice recommend captial USD$140,000

Documents Required for FICE are listed below:

    1. Copy of Business License of parent foreign company which was certificated by Chinese Embassy (if it's personal investor, then passport copy certificated by Chinese Embassy is enough)
    2. The lastest annual audit report from the parent foreign company. The audit report should be in the format as prepared by a Certified Public Accountant (CPA)
    3. 2 Credit letters from foreign company banker to declare a good credit within at least current 6 month
    4. The parent company's legal representative's passport copy
    5. Shanghai FICE legal representative's passport copy and resume
    6. Catalogues of import & export
    7. Authorization letter from parent company
    8. Brief introduction of the foreign investor(s) including name, address and telephone number
    9. Registered address, leasing contract, certificate of real estate, and certificate for leasing ( We can provide free virtual address for the registration upon your request, no need to rent an office in advance)

Registration Procedures

Foreign companies are not allowed to directly submit the application documents to the relevant authority. They must retain a PRC entity that is authorized or permitted by relevant authorities to act as a sponsor. The sponsor will submit all the documents to the examination and approval authority on behalf of the foreign enterprise. Procedures to set up the FICE in Shanghai are listed below:
    1. Company Name Registration (about 3 days)
    2. Apply for Approval Certificate (about 15-30 days)
    3. Apply for Business License (about 15 days)
    4. Apply for Enterprise Code Certificate (about 1 day)
    5. Apply for Statistic license (about 1 day)
    6. Register in Shanghai Tax Bureau (about 1 month)
    7. Open a RMB bank account (about 5 days)
    8. Register Foreign Currency Certificate (about 1 day)
    9. Check the registered capital (about 5 days)
    10. Obtain the Import/Export license and VAT invoice (Optional, about 1 month)
    11. Register in the shanghai custom (about 5 days)

Feel free to contact us if you have any question.

    Tel:( 86-21) 52732612 ,We can speak English,Cantonese and mandarin.
    Fax: (86-21) 52728538 Email:business@firstlandsh.com

Or call our hotline(24 Hours) for more information:

    Claire: 13801614834,can speak English,Cantonese and mandarin
    Address: Room 608,No.99 HuiChuan Rd,Modern Universe Business Plaza(2 minutes walking of Exit 7,Zhongshan Park Station,Metrol Line 2,3,4), Shanghai 200042.