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Regulations Concerning the Examination and Approval of International Freight Forwarding Agencies With Foreign Investment
(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 Concerning the Examination and Approval of International Freight Forwarding Agencies With Foreign Investment, 1996

MOFTEC

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Regulations Concerning the Examination and Approval of International Freight Forwarding Agencies With Foreign Investment
(Promulgated by the Ministry of Foreign Trade and Economic Cooperation on September 9, 1996)

Article 12

An international freight forwarding agency with foreign investment may, after one year of formal operation and fulfilling the relevant capital requirements, apply for the establishment of branches in other areas of China.

An international freight forwarding agency with foreign investment shall increase its registered capital by US$ 120,000 for each branch to be established. The business scope of the branches shall not exceed that of the international freight forwarding agencies with foreign investment, and the head office shall bear the joint liabilities.

The application for the establishment of branches shall be first submitted to the local department of foreign trade and economic cooperation where the agency is located for examination, and then to the departments of foreign trade and economic cooperation where the branches are to be located for suggestions, and, if approved by those local foreign trade and economic cooperation departments, submitted to MOFTEC which shall undergo examination and make decisions on approval or disapproval in light of the needs of the development in international freight forwarding business.

To establish branches, an international freight forwarding agency with foreign investment shall submit the following documents:

1. Reports of the foreign trade and economic cooperation department where the agency is situated and letters of suggestion of the foreign trade and economic cooperation departments where the branches are to be situated;

2. Resolution of the board of directors of the agency on establishing international freight forwarding branches and increasing the registered capital;

3. The agreement to amend the contracts and articles of association of the joint venture for the sake of the matters relating to the increase of registered capital;

4. Business operation reports, reasons for establishing branches and feasibility studies;

5. Credit reports;

6. Other documents;


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