A new team led by former F1 driver Aguri Suzuki has applied to join the mighty ranks of Formula One in 2006.
Suzuki spent seven years racing in Formula One
The Japanese team, to be known as "Super Aguri Formula One", notified the International Automobile Federation ahead of the 15 November deadline.
"We have cleared all the hurdles up to this point," Suzuki said. "There is a huge amount of work left but we plan to be on the grid in 2006."
The Honda-powered team would be the 11th on the grid if approved.
The experienced Suzuki, 45, won the Japanese kart and touring car championships and drove in the Le Mans 24 Hours race before making his F1 debut with Larrousse in 1988.
Having also raced with Zakspeed-Yamaha, Larrousse again and Footwork/Arrows, he retired after sustaining a neck injury whilst driving a Ligier at the Japanese Grand Prix of 1995.
In recent years he has been involved with promoting young Japanese drivers and helping to establish Honda's Formula Dream in Japan.
Two years ago he entered a team in the Indy Racing League in the US.
His latest outfit will be based in Tokyo but will also have an operation at the former Arrows headquarters in Leafield, Oxfordshire.