Ministry of Commerce, Circular on Further Improving the Work of Attracting Foreign Investment into the Logistics Sector

Issued: April 20 2006
Effective: March 31 2006
Applicability: In the event of a discrepancy between this Circular and the Circular on Issues Relevant to the Launch of Pilot Projects for the Establishment of Foreign-invested Logistics Enterprises, this Circular shall prevail (Article 6).

Main contents: Foreign investors are now permitted to establish foreign-invested logistics enterprises in the form of equity joint ventures, cooperative joint ventures and wholly foreign-owned enterprises nationwide. Also, they shall no longer be subject to the minimum registered capital of a foreign-invested logistics enterprise (Article 3).
Related legislation: Circular on Issues Relevant to the Launch of Pilot Projects for the Establishment of Foreign-invested Logistics Enterprises, Jun 20 2002, CLP 2002 No.7 p.6; Provisions for the Administration of Foreign Investment in the Road Transport Industry, Nov 20 2001, CLP 2001 No.10 p.10; Provisions for the Administration of Foreign Investment in the International Maritime Transport Industry, Feb 25 2004, CLP 2004 No.4 p.7; Provisions on Foreign Investment in Civil Aviation, Jun 21 2002, CLP 2002 No.7 p.5; Tentative Measures for the Examination, Approval and Administration of Foreign Investment in Freight Transport by Rail, Dec 16 2000, CLP 2001 No.1 p.12; Measures for the Administration of Foreign-invested International Freight Forwarding Agencies, Dec 19 2001, CLP 2002 No.1 p.24 and Measures for the Administration of Foreign Investment in the Commercial Sector, Apr 16 2004, CLP 2004 No.4 p.8