The FIA has opened applications for prospective new teams to enter Formula 1 for the 2016 or 2017 season.

Though Haas remains on course to make its much anticipated F1 debut next season, the FIA is nonetheless giving the opportunity for other teams to express their interest in joining the series.

In order to meet criteria, the FIA will select candidates based on the 'overall long-term interests of the championship', with the deadline for applications set for June 30th.

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All applicants will be expected to undergo thorough due diligence. By way of indication only, the applicable selection criteria will include:
- The technical ability and resources of the team
- The ability of the team to raise and maintain sufficient funding to allow participation in the Championship at a competitive level
- The team's experience and human resources
- The FIA's assessment of the value that the candidate may bring to the Championship as a whole.

By way of indication only, the FIA anticipates that full applications will need to be submitted by 1st September 2015, leading to a decision on 30 September 2015.

In the event that no applicant is considered suitable by both the FIA and the commercial rights holder, no additional team will be selected.

The 2015 F1 season was threatened with just nine teams competing, only for Manor (formerly Marussia) to be given special dispensation to come out of administration. Though Haas enters in 2016, Caterham's folding means this new application process paves the way for a full quota of 12 teams and 24 cars to compete, which hasn't occurred since the end of the 2012 season.