China National Tourism Administration and Ministry of Commerce, Establishment of Foreign-controlled and Wholly Foreign-owned Travel Agencies Tentative Provisions (Revised)
国家旅游局、商务部设立外商控股、外商独资旅行社暂行规定 (修订)
March 31, 2005 | BY
clpstaff &clp articlesPromulgated: February 17 2005Effective: as of date of promulgationMain contents: The revision reduces the registered capital requirement for establishment…
Clp Reference: 5710/05.02.17 Promulgated: 2005-02-17 Effective: 2005-02-17
Promulgated: February 17 2005
Effective: as of date of promulgation
Main contents: The revision reduces the registered capital requirement for establishment of foreign-controlled or wholly foreign-owned travel agencies from the minimum of Rmb4 million to Rmb2.5 million.
Related legislation: Administration of Travel Agencies Regulations (Revised), Dec 11 2001, CLP 2001 No.3 p13
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