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Establishing Foreign Investment Enterprise (FIE) in Xiamen

Company Registration in China ,,Establishing Foreign Investment Enterprise (FIE) in Xiamen

Update Date:2018-4-20 17:55:30     Source:www.3737580.com     Views:629

Xiamen Company Registration Service
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Establishing Foreign Investment Enterprise (FIE) is a common method of creating a business operation in not only in Asia but also in Africa and South America. Xiamen, as an economy boosting county, greatly welcomes all kinds of legal foreign investment. Thus any one of a number of legal entities can be considered as FIEs including equity joint ventures (EJV), cooperative joint ventures (CJV), wholly-owned foreign enterprises (WFOE) and foreign-invested companies limited by shares (FCLS).


Normally a foreign investment enterprise ("FIE") is set up for a specialized purpose with a specific business scope.  Apart from the traditional production FIEs, foreign investors may now also set up trading FIEs, service FIEs, wholesale and retail FIEs, etc.  If your group has already established a number of FIEs and is poised to make further investments in Xiamen, you may consider establishing a Xiamen holding company to centralize management, provide shared services, consolidate the distribution of goods produced by your FIEs in Xiamen and pre-market certain imported products.  Upon having paid up its registered capital according to the approved schedule, your FIE company may also expands its geographical coverage by setting up branches.


Establishing Foreign Investment Enterprise (FIE) in Xiamen - Registered Capital of FIE in Xiamen
Generally speaking, establishing FIE in Xiamen successfully requires no less than RMB 500, 000 registered capitals (which should be in line with the scale of operation). FIE has many forms because it can be divided into 4 parts. Thus it is better for foreign investors to know the detailed capital distinction for these four parts.

 

Establishing Foreign Investment Enterprise (FIE) in Xiamen - Time Consumption and Required Documents of FIE in Xiamen
It will take about 90 workdays to establishing Foreign Investment Enterprise (FIE) in Xiamen, and require mainly 8 types of official documents:
1. Investor's qualification certificate of entity or natural person's ID card;
2. Directors, supervisors and mangers' appointment documents and ID cards;
3. Legal representative's appointment document and ID card;
4. Certificate on assessment of capital from banks;
5. The certificate for right of use or the contract for lease of house of the proposed store to be opened;
6. Import/export product catalogue;
7. Lease contract or certificate of title;
8. Documents or certificates for earlier setup examination and approval;


Establishing Foreign Investment Enterprise (FIE) in Xiamen - Taxes Expense Involved in the FIE Operation in Xiamen
1. Value Added Tax
General Value Added Tax Payers pay VAT at 17%
Small-scale Value Added Tax Payers pay VAT at 3%
2. Corporate Income Tax
Income tax rate is 25%
Small scale and small profit companies are subject to corporate tax rate of 20%
Each district, region, city, and province in Xiamen has detailed taxes policies. ATAHK is a diversified international company, offering these services formation professionally.


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