We are helping a Hong Kong travel company (with its shareholders being European travel operators) to set up its WFOE travel agency in Shanghai.
Recently, during a meeting with officials from Shanghai Tourism Bureau, we have learned, orally from the officials in Shanghai, some new development in regard of foreign investment in tourism industry in China.
One…
[ For a PDF version of this article, please click here: China opens the outbound travel business sector to foreign investment]
On May 23, 2011, China National Tourism Administration (the “CNTAâ€) posted on its website an announcement (the “Announcementâ€) about the three most fortunate foreign invested travel agencies that have recently been selected…
To meet its undertakings upon the entry into the WTO, China has promulgated the Regulation on Travel Agency (“Regulationsâ€), effective as from May 1, 2009, which also incorporates rules for setting up foreign invested travel agencies (“FITAâ€). Previous regulations issued by Ministry of Tourism (“MOTâ€) and Ministry of Commerce (“MOCâ€)…
Jason Tian, the blogger, Senior Partner at Shanghai Landing Law Offices. You can reach him at: [email protected] or [email protected], or call him directly at+86-13816548421 (also his WhatsApp)
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