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Approval of foreign investment in road transport industry in Zhejiang Province?
Application conditions:

1. Foreign investment in the road transport industry shall conform to the road transport development policies and enterprise qualification conditions formulated by the transportation authorities in the State Council, and meet the requirements of the road transport development plan formulated by the transportation authorities where the foreign-invested road transport enterprise is to be established.

Two, all investors should invest with their own assets and have a good reputation.

3. Foreign investors engaged in road passenger transport business shall also meet the following conditions: (1) At least one of the major investors must be an enterprise engaged in road passenger transport business in China for more than 5 years; (2) The proportion of foreign shares shall not exceed 49%; (three) 50% of the registered capital of the enterprise is used for the construction and transformation of passenger transport infrastructure; (4) The vehicles to be put into use shall be intermediate and above passenger cars.

Prohibitive requirement

1. Foreign investment in the road transport industry shall conform to the road transport development policies and enterprise qualification conditions formulated by the transportation authorities in the State Council, and meet the requirements of the road transport development plan formulated by the transportation authorities where the foreign-invested road transport enterprise is to be established.

Two, all investors should invest with their own assets and have a good reputation.

3. Foreign investors engaged in road passenger transport business shall also meet the following conditions: (1) At least one of the major investors must be an enterprise engaged in road passenger transport business in China for more than 5 years; (2) The proportion of foreign shares shall not exceed 49%; (three) 50% of the registered capital of the enterprise is used for the construction and transformation of passenger transport infrastructure; (4) The vehicles to be put into use shall be intermediate and above passenger cars. ?

Materials required:

Handling process

1. Submit an application to the Municipal Transportation Bureau; 2. After the preliminary examination, the Municipal Transportation Bureau shall report to the Provincial Communications Department; 3 Provincial Communications Department for examination and approval within the statutory time limit. ?

Legal basis

"Regulations on the Administration of Foreign Investment in Road Transportation Industry" Article 4 The establishment of foreign investment in road transportation industry and related matters shall be approved by the provincial transportation authorities. The contracts and articles of association for the establishment of road transport enterprises with foreign investment shall be approved by the provincial commerce department.

Article 5 Foreign-invested road transport enterprises shall conform to the road transport development policies and enterprise qualification conditions formulated by the transportation authorities in the State Council, and meet the requirements of the road transport development plan formulated by the transportation authorities where foreign-invested road transport enterprises are to be established. All investors should invest with their own assets and have a good reputation.

Article 6 A foreign investor who invests in road passenger transport business shall also meet the following conditions: (1) At least one of the major investors must be an enterprise that has been engaged in road passenger transport business in China for more than five years; (2) The proportion of foreign shares shall not exceed 49%; (three) 50% of the registered capital of the enterprise is used for the construction and transformation of passenger transport infrastructure; (4) The vehicles to be put into use shall be intermediate and above passenger cars. Article 9 The competent department of transportation shall examine and approve the application for the establishment and change of foreign-invested road transportation industry according to the following procedures: (1) The municipal competent department of transportation shall, within 15 working days from the date of receiving the application materials, put forward preliminary examination opinions according to these Provisions, and report the preliminary examination opinions and application materials to the provincial competent department of transportation; (2) The provincial transportation authorities shall examine the application materials within 30 working days from the date of receiving the materials mentioned in the preceding paragraph. In line with the provisions, the project approval or change approval is issued; Do not meet the requirements, return the application, notify the applicant in writing and explain the reasons.

Article 7 To establish a foreign-invested road transport enterprise, an application for project establishment shall be submitted to the municipal (city divided into districts, the same below) competent department of transportation where the enterprise is located, and the following materials shall be submitted: (1) an application, including the total investment, registered capital, business scope, scale and time limit, etc. (2) Project proposal; (three) the legal documents of the investor; (4) Credit certificate of the investor; (five) investors to invest in land use rights, facilities and equipment, etc., should provide a valid asset evaluation certificate; (six) other materials required by the examination and approval authority; To establish a Sino-foreign joint venture or Sino-foreign cooperative enterprise, a letter of intent for cooperation shall be submitted in addition to the above materials; Foreign language materials submitted must be accompanied by Chinese translation.

Article 8 If a foreign-invested enterprise expands its business scope to engage in road transport, and the foreign-invested road transport enterprise expands its business scope or expands its business scale beyond the original approved standard, if the foreign-invested road transport enterprise intends to merge, split up, relocate and change its investment subject, registered capital and investment share ratio, it shall submit an application for change to the municipal transportation department where it is located and submit the following materials: (2) A copy of the business license of the enterprise as a legal person; (3) A photocopy of the approval certificate of the foreign-invested enterprise; (four) a copy of the approval document for the establishment of a foreign-invested enterprise; (5) Credit certificate.

Article 9 The competent department of transportation shall examine and approve the application for the establishment and change of foreign-invested road transportation industry according to the following procedures: (1) The municipal competent department of transportation shall, within 15 working days from the date of receiving the application materials, put forward preliminary examination opinions according to these Provisions, and report the preliminary examination opinions and application materials to the provincial competent department of transportation; (2) The provincial transportation authorities shall examine the application materials within 30 working days from the date of receiving the materials mentioned in the preceding paragraph. In line with the provisions, the project approval or change approval is issued; Do not meet the requirements, return the application, notify the applicant in writing and explain the reasons.

Article 12 After receiving the approval certificate of a foreign-invested enterprise, the applicant shall, within 30 days, apply to the provincial transportation department where the enterprise is to be established for a road transport business license with the project approval document and approval certificate, and go through the industrial and commercial registration according to law before engaging in road transport business activities according to the approved business scope.

Article 13 After receiving the altered approval certificate of a foreign-invested enterprise, the applicant shall, within 30 days, go through the corresponding alteration formalities with the provincial transportation department and the administrative department for industry and commerce with the altered approval document, altered approval certificate of a foreign-invested enterprise and other relevant application materials.

Article 14 After completing the relevant formalities, the applicant shall submit a photocopy of the business license of enterprise legal person, the approval certificate of foreign-invested enterprise and the road transport business license to the provincial transportation authorities for the record.