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)

Promulgated: February 17 2005Effective: as of date of promulgationMain contents: The revision reduces the registered capital requirement for establishment…

1 minute readMarch 31, 2005 at 11:58 PM

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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.

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