Foreign Trading company
China already become a manufacturing industry big state, and also the big state of imports and export s in the world. So more and more foreign investors set up the foreign commercial trading company in China mainly engage in international trade and import-export business.
FICE (Foreign Invested Commercial Enterprise) is the main favorite company type by foreign investors these years, which is different to foreign consulting company, foreign science and Technology Company, foreign manufacturing or foreign food and Beverage Company. And base on the different business emphasis, the FICE (Foreign Invested Commercial Enterprise) could be divided into Foreign Invested Trade Company and Foreign Invested Commercial Company.
Regarding Foreign Invested Trade Company, it mainly engages in wholesale, export of some products purchased from China. But Foreign Invested Commercial Company focus on set up retail channels, retail shops, and adaptable to the overseas companies with matured garment brand, food ( alcohol included) brand, and its required minimum investment capital no less than RMB500,000 ( equal to about USD80,000)，VAT invoice and import/export license should be applied for as well. Another difference is, some special license need to be applied base on different products, such as food circulation permit, alcohol franchise permit, pharmaceutical trading license.
Below is the detailed information for FICE (Foreign Invested Commercial Enterprise) formation:
