Case of Foreign Invested Commerce Enterprise(FICE)

Company Name: *** Trading (Shanghai) Co., Ltd.

 

Investment way: wholly foreign-owned enterprise (WFOE)

 

Business scope: Wholesales including ****, related things, parts and fittingsact as agent for commission (exclude auction), Import and Export of above goods, other relevant business (operation depending on licenses if involved in administrative permission)

 

Registered capital: The Min. registered capital is RMB100,000 for WOFE, but according to the current requirement for the FICE to apply for regular VAT qualification, at least RMB 1,000,000 registered capital should be paid and the buisness license should be renewed, so we suggest the lowest registered capital is RMB 1,000,000

 

Duration of Business: no more than 30 years

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