This is a completed and painted, fixed-pose figure.
From the Good Smile Company website:
The Persona series is celebrating its 20th anniversary this year, and from the popular rhythm game in the series "Persona 4: Dancing All Night" comes a figure of the idol Rise Kujikawa, known to her fans as Risette, dressed up in her Arabian Armor outfit!
The intricate accessories that adorn her clothes have all been carefully sculpted giving Risette an elegant appearance even while wearing a rather revealing outfit! Be sure to add this cute and charming Risette together with her gorgeous outfit to your collection!