What is required to open a foreign invested enterprise in China?

In order to open a Foreign Invested Enterprise (FIE) in China, a certain set of regulations and procedures must be followed. The requirements are not the same throughout all regions, so it is important to check with the local government in the area of operation. Generally, the prospective investor must first select a legal structure for the new FIE. The two main options are a Wholly Foreign Owned Enterprise (WFOE) and a Joint Venture. Depending on the chosen structure, different documents and permits will be needed, such as a business license, Articles of Association, and a registration certificate. The company must also prepare a foreign exchange registration document and an investment contract. These must be filed with the Ministry of Commerce in the relevant province or municipality. The registration document will then be reviewed by the local Foreign Investment Bureau. In addition, the investor will need to apply for a business tax registration at the local tax bureau. Finally, the company may need to register with the State Administration for Industry and Commerce or other relevant departments, such as the fire department and the land bureau. The above steps are necessary for setting up a foreign invested enterprise in China. It is important to remember that the requirements for incorporation may vary from place to place and it is advisable to seek professional advice prior to entering the Chinese business market.

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What is required to open a foreign invested enterprise in China?

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