The Ministry of Foreign Trade and Economic Cooperation Circular of the Ministry of Foreign Trade and Economic Cooperation (MOFTEC) on Cancellation of the Examination and Approval for the WaiJingMaoFaZhanYunHanZi [2000] No.3303 November 21, 2000 Commissions (departments, bureaus) of foreign trade and economic cooperation of various provinces, autonomous regions, municipalities To simplify the procedures of examination and approval and to accelerate the network building of international forwarders, MOFTEC 1. Forwarders should fully comply with the provisions in Article 10 and 18 of the Rules for the Implementation of the People’s Republic 2. Enterprises establishing their branches in already approved operating areas without any increase in their registered capital may claim (1) registration form for the establishment of branches of international forwarders (with official seals of international forwarders) (2) original approval certificate (original and a copy); (3) business license (photocopy); (4) decision of the board of directors or the shareholders’ meeting; (5) resumes of the leader and key employees of the branch (6) testimonial of fixed place operation 3. Such additional documents should be provided in case there is an increase in registered capital and all investors increase their capital (1) capital verification report (2) agreement on amendments to the corporate statute The forwarders should also renew their Approval Certificate of the People’s Republic of China for the Establishment of International 4. In case there is an increase in registered capital and the increase is not based on the original investment proportion, the forwarder 5. The forwarder should register with competent local foreign trade and economic authorities with its Approval Certificate of the People’s 6. Forwarders establishing branches outside the approved operating areas should still be handled in compliance with related existing 7. Forwarders referred to in this circular do not include international forwarders with foreign investment . Related Articles of the Rules for the Implementation of the People’s Republic of China for the Administration of International Forwarders Article 10 : Each international forwarder should increase its registered capital by 500,000 RMB accordingly when applying for the Article 18 : The forwarder may apply for the establishment of a subsidiary or a branch after one year of operation since the establishment Appendix I: Registration Form for the Establishment of Branches of International Forwarders in already Approved Operating Areas (omitted) |
The Ministry of Foreign Trade and Economic Cooperation
2000-12-21