According to the Interim Measures for the Examination and Approval of Foreign-funded Shipping Companies by the Ministry of Communication, foreign marine companies are allowed to establish wholly foreign-funded shipping companies in China. Upon approval, the shipping company may operates a shipping route through such cooperative forms as joint dispatch of vessels, mutual exchange of cargo space, joint operation, etc. for its parent company and, upon approval, has obtained the right to operate a shipping route, it shall be deemed to satisfy this condition; foreign Shipping Companies which ship by unscheduled vessels must have a stable cargo source in China; it has not violated Chinese laws, administrative regulations or rules during the course of its business activities in China for a consecutive period of two years. The Chinese employees in the wholly foreign-funded companies should account for more than 85% of the total staff.
The topic summarizes the related rules & regulations, registration requirements, procedures, accounting & tax by SMERT, SAIC, Tax Bureau and other related departments you may focus on in relation to foreign invested shipping company.