Specific Arrangements for CEPA

• Hong Kong and Macau service suppliers are permitted to establish wholly-owned or joint venture Freight Forwarding Agency Services companies in the Mainland.
• The minimum registered capital requirement for international freight forwarding agency enterprises in the Mainland set up and invested by Hong Kong and Macau service suppliers will be the same as that for Mainland enterprises
• To allow freight forwarding agency enterprises in the Mainland established by Hong Kong and Macau services suppliers to set up branches upon full payment of registered capital

Requirements for Incorporation

• The registered capital is subject to the lower limits required as follows:
  • RMB5 million for starting a seaway international freight-forwarding agency business
  • BMB3 million for starting an airway international freight-forwarding agency business
  • RMB2 million for starting a land-way international freight-forwarding agency business or international express delivery business
  • The higher or highest amount of the above lower limits of registered capital for starting 2 or more of the foregoing businesses
• There shall be 5 or more members of business personnel, who have 3 or more years of experience in the international freight-forwarding agency business, or who have gained relevant qualification certificates
• There shall be a fixed business ground/office,and possess necessary communications, transportation, loading/unloading, and packing facilities

Branches Incorporation

After the registered capital is fully paid, the company can apply for setting up branches in other places in mainland China. An additional capital of RMB500,000 is required for setting up each branch. If the original registered capital has already exceeded the lower limit, the excess portion can be used as capital increase for setting up the branches.

Required documents for Incorporation

• Certificates of Hong Kong and Macau service suppliers
• Application for incorporation
• Feasibility study report
• Contracts, and articles of association
• The register and curriculum vitae of members of the Board of directors and chief executives
• Enterprise Name Approval in Advance Notice
• Certificates of incorporation and credit certificates of investors in their proper locations
• Qualification certificates of major investors
• Proof of business ground/office of the corporation