Ningbo Municipal Transport Bureau (Ningbo Municipal Port Administration Bureau)
Permission Name: Examination of foerign investment in road transport enterprise
Handling Basis: 1. The People's Republic of China Road Transport Regulations
2. Foreign investment in the road transport regulations
3. The Supplementary Provisions of Foreign Investment in Road Ttransport Regulations
Declaration Scope:
1. Permit foreign investors to adpot the following forms to invest in road transport industry.
(1) Investmnet in road passengers transport in the form of joint venture;
(2) Investmnet in road chargo transport, chargo convey & load and unload, chargo stroge and other assistant service related to road transport, and vehicle repairment in the form of joint venture & cooperation;
(3) Investmnet in road chargo transport, chargo convey & load and unload, chargo stroge and other assistant service related to road transport, and vehicle repairment in the form of foreign-owned funds;
2. Foreign investors must be accord with the followings terms when they operate road passengers transport:
(1) One of the main investors is the road transport enterprise who operate it formore than 5 years.
(2) The proportion of foreign shares must be less than 49%;
(3) The 50% of registered capital must be used in the construction and reform of passengers transport.;
(4) The vehicle must be middle-level and above.
3. Since 12.1.2002, via the approval project of the Ministry of Transport of PRC, in road chargo transport, chargo convey & load and unload, chargo stroge and other assistant service related to road transport, and vehicle repairment, Permit the enterprise, company and personnel of foreign country, HK. Macao and Taiwan can invest in the form of joint venture and cooperation with the Chinese company, enterprise and other economic unit, The proportion of foreign shares could be 75％.
4. Since 1.1.2004, HK and Macao SP could be permitted to settle foreign-owned enterprises to operate road cargo transport; operate Train business from HK, Macao to China mainland.
Contact Us: Handling Department: Ningbo Road Transport Management Office
Address: No. 936 Bai Zhang Road, Ningbo
P.C.: 3 15040
Telephone: 0574 - 87830308
Declaration Materials: 1. Declaration, including total investment funds, registered capital and business scope, sales and deadlines;
2. Project proposal; 3. Legal certificate documents of investor
4. Credit certificateof investor
5. You must supply the valid property assessment certification if you invest in land use rights, facility and devices.
6. Other materials needed. You must submit the letter of intend if you plan to settle Joint venture enterpries. The foreign language materials must be submit wth chinese translation.
Handling Program:
Handling Deadline: Legal Deadline: 15 days Commitment Dealine: 10 days
Charge: Free
2015-04-28