Ministry of Commerce, «Administration of Foreign-invested International Freight Forwarding Agencies Procedures» Supplementary Provisions

商务部《外商投资国际货物运输代理企业管理办法》补充规定

January 31, 2004 | BY

clpstaff &clp articles

Prerequisites for Hong Kong and Macao service providers in setting up joint venture and whooly owned international freight forwarding agencies in the PRC.

Clp Reference: 4000/03.12.07 Promulgated: 2003-12-07 Effective: 2004-01-01

Promulgated: December 7 2003
Effective: January 1 2004
Interpreting authority: Ministry of Commerce

Main contents: According to the Supplementary Provisions, Hong Kong and Macao service providers are allowed to establish equity or cooperative joint venture international freight forwarding agencies or wholly owned international freight forwarding agencies in the Mainland from January 1 2004 (Item One). The minimum registered capital is Rmb5 million and Rmb3 million for international maritime and international air freight forwarding agency services, respectively, and Rmb2 million for international road freight forwarding agency services and international express delivery services (Item Two). Other provisions on application for establishment of international freight forwarding agencies by Hong Kong or Macao service providers shall be implemented in accordance with the Administration of Foreign-invested International Freight Forwarding Agencies Procedures (Item Three).
Related legislation: Administration of Foreign-invested International Freight Forwarding Agencies Procedures, Dec 11 2002, CLP 2003 No.1 p14; Mainland and Hong Kong Closer Economic Partnership Arrangement, Jun 29 2003, CLP 2003 No.6 p7 and Mainland and Macao Closer Economic Partnership Arrangement

clp reference:4000/03.12.07
promulgated:2003-12-07
effective:2004-01-01

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