China Offshore Company Formation

Benefits of Foreign Invested Commercial Enterprise (FICE) in Shanghai, China company registration

There are a number of reasons why Chinese FICE Incorporation is an up and coming choice for Offshore Company Formation, including;

• Minimum of one member who may be corporate and one director, who must be an individual.
• 100% Foreign Ownership Permitted
• No Minimum Paid up Share Capital Requirement
• Products may be sold directly in China, via retail or wholesale
• Importation and exportation of goods can be conducted domestically and internationally

Requirements to Form a Chinese Limited Company (Foreign Invested Commercial Enterprise (FICE)) in Shanghai:

In order to incorporate your Foreign Invested Commercial Enterprise (FICE) in Shanghai, China, these are the steps that must be followed;

• Meet the Anti Money Laundering Requirements – In order to meet Anti Money Laundering Requirements you will need to provide a certified copy of the passport and current utility bill of each of the owners and shareholders. This is required even if you are using our Nominee Service. Translation of the due diligence and other supporting documentation to Chinese will be required. The additional costs for this will be calculated upon receipt of the documentation. The process is usually complete in up to eight weeks.
• Documents are issued to you – Once the company has been incorporated, you will be issued with all of the Certificate of Incorporation, Memorandum and Articles of Association, Share Certificates and all other company documents as required by Law. These documents can then be used to open a bank account for the company.
• Financial Statements – Companies incorporated in Foreign Invested Commercial Enterprise (FICE) in Shanghai, China must all prepare and file audited financial statements. At all times Accounting Records must be maintained in accordance with Chinese Accounting Legislation. The additional costs for this will be calculated following incorporation.

Please note that information given on this page is subject to change at any time without notice as a consequence of changes made in local legislation.