Application requirements(conditions)
1foreign investor is freight transportation enterprises engaged in freight transportation business for more than ten years and has strong fund strength and a good performance
Chinese investor is railroad freight transportation enterprises engaged in freight transportation business for more than ten years. Invested stock share ratio is no less than 51% in certain period required by Chinese government.
3have freight transportation vehicles and other means of delivery correspondence to business scale, have necessary place facilities for railroad freight transportation business.
4have stable supply channels
5professional and technical personnel and management engaged in business
6The minimum registered capital:million $
7foreign capital ratio is no more than 49%, allowed foreign investors be the holding shareholder before Dec.11th ,2004,allowed foreign investors finance totally before Dec.11,2007
Application procedure and documents
1pre-approval of joint ventures name
-Examination and Approval Department:
-Administration of Industry and Commerce
-Time limit:
-Within 2 working days
-Management fee: 0
-Documents Required:
-Pre-approval for names of enterprise
-Appointment letter
2Certification needed for operating railroad freight transportation business
-Examination and Approval Department:
-Ministry of Railways
-Time limit:
-Within 60 working days
-Management fee: 0
-Documents Required:
-Application for setting up joint ventureproject proposal
-Feasibility report
-Article of association
-Proof of legal qualifications of all the investors.(foreign investors should provide main body qualifications proof or the identification notarized by their domestic notary organ and also the Chinese embassy in those their home countries. Investors from Hong Kong, Macau, Taiwan must also provide documents notarized by their domestic notary organ (documents from Hong Kong should be stamped and forwarded by the China Legal Service (H.K.) Ltd, Valid Mainland Travel Permits can be personal identification for Taiwan investors and do not need to be notarized.) If countries of which the foreign investors have not established or have already ended foreign relations with China, their main body qualifications proof or the identification should be notarized by their domestic authorities and then by third countrys embassy which the country has established foreign relations with China. All the notarized documents have to be notarized by the Chinese embassy located in the third country. )
-Appointment letter of legal representative list and CV of member of board of directors
-Other documents required by Ministry of Railways
3Certification needed for setting up Joint Venture enterprise
-Examination and Approval Department:
-Municipal bureau of commerce
-Time limit:
-Within 45 working days
-Management fee: 0
-Documents Required:
-Application and project proposal
-Feasibility report
-Article of association
-Proof of legal qualifications of all the investors.(foreign investors should provide main body qualifications proof or the identification notarized by their domestic notary organ and also the Chinese embassy in those their home countries. Investors from Hong Kong, Macau, Taiwan must also provide documents notarized by their domestic notary organ (documents from Hong Kong should be stamped and forwarded by the China Legal Service (H.K.) Ltd, Valid Mainland Travel Permits can be personal identification for Taiwan investors and do not need to be notarized.) If countries of which the foreign investors have not established or have already ended foreign relations with China, their main body qualifications proof or the identification should be notarized by their domestic authorities and then by third countrys embassy which the country has established foreign relations with China. All the notarized documents have to be notarized by the Chinese embassy located in the third country. )
-Credit certificate of investor (issued by the bank)
-Appointment letter of legal representative list and CV of member of board of directors
-Other documents required by Ministry of Railways
4Proposed agency code registration
-Examination and Approval Department:
-State Bureau of Technical Supervision (The Administration Center of Organization Code)
-Time limit:
-2 working days after acceptance
-Management fee: 0
-Documents Required:
-Approval of article of association
-Application of proposed agency code
5Industry and Commerce JV registrations
-Examination and Approval Department:
-Administration of Industry and Commerce
-Time limit:
-7 working days
-Management fee:
0.8?/SPAN> of amount of registered capital
-Fee for obtaining a copy of the industrial and commercial registration certificate:20RMB
-Documents Required:
-Application form of setting up joint venture
-Article of association
-Approval by the approving authority and the copy of Approval letter of foreign-invested enterprise?o:p>
-Proof of legal qualifications of all the investors.(foreign investors should provide main body qualifications proof or the identification notarized by their domestic notary organ and also the Chinese embassy in those their home countries. Investors from Hong Kong, Macau, Taiwan must also provide documents notarized by their domestic notary organ (documents from Hong Kong should be stamped and forwarded by the China Legal Service (H.K.) Ltd, Valid Mainland Travel Permits can be personal identification for Taiwan investors and do not need to be notarized.) If countries of which the foreign investors have not established or have already ended foreign relations with China, their main body qualifications proof or the identification should be notarized by their domestic authorities and then by third countrys embassy which the country has established foreign relations with China. All the notarized documents have to be notarized by the Chinese embassy located in the third country. )
-Credit certification of investor (issued by the bank)
-Notice for pre-approval name of the enterprise, name list of the pre-approval investor
-Letter of Authorization
-Corporate secretary (contact) registration form
-Letter of Authorization for legal documents service
-Besides, the printed name list of the investor, member of the board of director, general manager and supervisor, one copies each.
6Public Security Bureau registration:
-Examination and Approval Department:
-Municipal Public Security Bureau(the administration center of embarkation and disembarkation )
-Time limit:
-6 working days
-Management fee: 0
-Documents Required:
-The registration application for record
-The identification of legal representative
-Business license, approval letter, photocopy of approval
Chop of enterprise registration
-Examination and Approval Department:
-Engrave of chop organization proposed by police station
-Time limit:
-2 working days
-Engrave of chop fee:
-500RMB
-Required document:
-Application form of chop engrave
8 Enterprise Cope registration
-Examination and Approval Department:
-State Bureau of Technical Supervision (The Administration Center of Organization Code)
-Time limit:
-3 working days after acceptance
-Management fee: 0
-Documents Required:
-Application form
-Returning paper of proposed agency code
-The identification of legal applicant
-Business license, approval letter, photocopy of approval
9Tax registration
-Examination and Approval Department:
-Municipal Local Taxation Bureau
-Time limit:
-5 working days
-Management fee:
-10RMB
-Documents Required:
-Identification of legal representative
-Business license, approval letter, photocopy of approval
-Housing contract
-Registration form of tax
10Administration of foreign exchange registration:
-Examination and Approval Department:
-Beijing center of foreign exchange control
-Time limit for handling:
-20 working days after acceptance
-Management fee: 0
-Documents Required:
-Written application (stamped by chop)
-Copy of business license provided by the legal representative, non-legal representative enterprise shall provide original and photocopy of business license
-Approval documents for approving the setting up of enterprise issued by the Commerce Department, the original and photocopy of the certificate.
-Effective contract of foreign-invested enterprise (except for wholly-owned foreign enterprise), original article of association and its photocopy.
-Original and photocopy of code of enterprise
11Opening bank account
-Due to the different requirements of the banks, the required documents need to be confirmed.
12Financial registration
-Examination and Approval Department:
-The financial bureau
-Time limit for handling:
-2 working days after acceptance
-Management fee: 0
-Documents Required:
-Business license, approval certificate, photocopy of approval
-Financial registration form
13Statistic registration
-Examination and Approval Department:
-The statistical bureau
-Time limit for handling:
-2 working days after acceptance
-Management fee: 0
-Documents Required:
-Copy of Business license, approval certificate, photocopy of approval
-Statistic registration form
14Beijing Customs procedure for JV registration:
-Examination and approval department:
-The Customs
-Management fee:
-50RMB
-Time limit:
-Within 5 working day
-Documents Required:
-Business license copy
-Approval certificate, approval copy
-Article of association photocopy.
-Tax registration copy
-Bank account certificate copy
-Certificate of proposed agency code copy
-Model of enterprise chopjuridical person and apply to customs
-Applicant enterprise registration form
-Applicant enterprise management registration form
-Registration form of management for apply customs
