14 Aug 2014
Online CBA: How Can a European Company Set Up a Courier Company in the Shanghai Pilot Free Trade Zone?
Q: How Can a European Company Set Up a Courier Company in the Shanghai Pilot Free Trade Zone?
A: Foreign investors wishing to set up courier companies in the Shanghai pilot free trade zone should first go to the office of the Shanghai Pilot Free Trade Zone Management Committee to complete formalities for the establishment of a foreign-invested courier enterprise. For applications that require examination and approval by the Ministry of Commerce, upon preliminary approval granted by the Shanghai Pilot Free Trade Zone Management Committee, they will be submitted to the Ministry of Commerce for examination and approval.
Criteria for applying for establishment of foreign-invested courier enterprises include:
1. For courier companies operating in a certain province, autonomous region or municipality directly under the central government, the registered capital should not be less than Rmb500,000; for those operating across provinces, autonomous regions and municipalities directly under the central government, the registered capital should not be less than Rmb1 million; and for those engaging in international courier service, the registered capital should not be less than Rmb2 million;
2. Possessing the ability to serve the areas applied for;
3. Having a stringent service quality control system and sound business operations in place;
4. Having a sound safety assurance system and relevant measures in place;
5. The operation period normally would not exceed 20 years;
6. Foreign businesses may not invest in or operate mail courier service within China; may not operate mailing service monopolised by postal enterprises; and may not handle the delivery of official documents of state organs;
7. Other requirements as stipulated in relevant laws and administrative rules and regulations.
(The HKTDC provides one-on-one China Business Advisory Service free of charge to assist companies in resolving problems encountered when doing business in China. For enquiries and appointments, please call (852) 1830 668 or register online.)