Advanced Search

The Establishment Of Foreign Holding And Wholly Foreign-Owned Travel Agencies Tentative Provisions

Original Language Title: 设立外商控股、外商独资旅行社暂行规定

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$40 per month.
(June 12, 2003 the national tourism administration and the Ministry of Commerce released 19th) the first to adapt to the new situation of China's accession to the World Trade Organization, further expansion of opening to the tourism industry, promoting the development of travel agencies, according to foreign invested enterprises in China's relevant laws, the travel agents Ordinance and the relevant provisions of these regulations have been formulated.
    Article about WTO commitments in China during the transition period before the time stipulated, People's Republic of China the establishment of foreign holding and wholly foreign-owned travel agencies in the territory governed by this regulation.
    Third article established foreign holding travel agency of outside investment party, should meet following conditions: (a) is travel agency or is main engaged in tourism business business of enterprise; (ii) years tourism business total 40 million dollars above; (three) is national (area) tourism industry association of members; (four) has good of international reputation and advanced of travel agency management experience; (five) comply with China legal and the China Tourism of about regulations.
    Fourth to set up wholly foreign-owned travel agency of foreign investors, in addition to comply with article III (a), (c), (d), (e) the conditions under paragraph (b) provides total annual tour operator shall, at more than $ 500 million.
    Fifth foreign holding of Chinese investors should be in line with the travel agencies travel agency regulation article 29th conditions.
    Sixth the establishment of foreign holding and wholly foreign-owned travel agencies should comply with the following conditions: (a) tourism development plan; (b) in accordance with market needs; (c) the investor in accordance with stipulated in the third, fourth and fifth conditions; (d) not less than 4 million yuan of registered capital.
    Article qualified foreign investor can be approved by the State Council's national tourist resort and Beijing, Shanghai, Guangzhou, Shenzhen, Xian in 5 cities to set up controlled or wholly owned travel agency.
    Article eighth of each foreign investors applying for the establishment of foreign holding and wholly foreign-owned travel agencies, generally approved only one.
    Nineth applying for the establishment of foreign holding and wholly foreign-owned travel agencies in the light of the provisions of the travel agents Ordinance the approval procedures for foreign-funded travel agencies.
    Article tenth foreign holding and wholly-owned travel agencies shall not operate or disguised Chinese citizens going abroad travel businesses as well as people from other parts of China to Hong Kong, Macau S.A.R. and Taiwan's tourism business.
    11th article of the by the national tourism administration and the Ministry of Commerce is responsible for the interpretation of the regulations.
                                                                Article 12th 30th as the date of promulgation of the regulations into effect.