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Regulations on the Examination and Approval of Foreign-Funded Enterprises Serving as Agents for International Cargo Transport
(Promulgated by the Ministry of Foreign Trade and Economic Cooperation on September 9, 1996)

Article 1

Article 2

Article 3

Article 4

Article 5

Article 6

Article 7

Article 8

Article 9

Article 10

Article 11

Article 12

Article 13

Article 14

Article 15

Metadata

SiSU Metadata, document information

Manifest

SiSU Manifest, alternative outputs etc.

China - Regulations on the Examination and Approval of Foreign-Funded Enterprises Serving as Agents for International Cargo Transport, 1996

MOFTEC

copy @ Lex Mercatoria

Regulations on the Examination and Approval of Foreign-Funded Enterprises Serving as Agents for International Cargo Transport
(Promulgated by the Ministry of Foreign Trade and Economic Cooperation on September 9, 1996)

Article 12

After a foreign-funded enterprise serving as an agent for international cargo transport has been in official operation for a full year and after the investments of various partners to a joint venture have arrived, the enterprise may apply for the establishment of branches in other parts of China. Each time when a foreign-funded enterprise serving as an agent for international cargo transport establishes a branch engaged in the business of serving as an agent for international cargo transport, the enterprise shall add 120,000 US dollars to its registered capital. The business scope of the branch shall fall within the business scope of the foreign-funded enterprise serving as an agent for international cargo transport, and the parent company shall bear related liabilities.

The application for the establishment of a branch shall first be subject to the initial examination by the economic and trade department of the place where the foreign-funded enterprise serving as an agent for international cargo transport is located. Then opinions of the economic and trade department of the place where the branch is set to be established shall be solicited. After approval is granted, the application shall be submitted to the MOFTEC, which shall carry out examination and approval in accordance with the needs of development

When applying for the establishment of a branch, a foreign-funded enterprise serving as an agent for international cargo transport shall submit the following documents to higher authorities:

(1) The transmitted report by the economic and trade department of the place where the enterprise is located and the letter of comment of the economic and trade department of the place where the branch is set to be established;

(2) The decision of the board of directors on the establishment of the branch and increasing investment;

(3) The agreement on revising the contract or articles of association related to matters concerning increasing investment;

(4) The report on the operation of the enterprise and the reason for the establishment of the branch, as well as feasibility analysis;

(5) The report on verifying the investment of the enterprise; and

(6) Other related documents.


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