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 articles

Promulgated: 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

clp reference:5710/05.02.17promulgated:2005-02-17effective:2005-02-17

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