{"id":7521,"date":"2023-10-01T19:06:22","date_gmt":"2023-10-01T12:06:22","guid":{"rendered":"https:\/\/cdlaf.vn\/?p=7521"},"modified":"2023-10-10T10:03:39","modified_gmt":"2023-10-10T03:03:39","slug":"business-license","status":"publish","type":"post","link":"https:\/\/cdlaf.vn\/en\/business-license\/","title":{"rendered":"Business License"},"content":{"rendered":"<p>In Vietnam, to manage the business activities of foreign-invested enterprises, the law has set forth regulations on foreign-invested enterprises when conducting business activities related to several special services and goods purchase and sale activities are forced to carry out the business license application procedures before operating in reality, typically logistics services, commercial intermediaries, e-commerce, retail activities\u2026 Depending on each field operation, the Department of Industry and Trade or the Ministry of Industry and Trade will be the agency that approves the enterprise\u2019s license application dossier.<\/p>\n<p><strong>When do businesses need to apply for a Business License?<\/strong><\/p>\n<p>Business licenses are granted to foreign-invested economic organizations to carry out the following activities:<\/p>\n<ul>\n<li>Performing the right to retail distribution of goods;<\/li>\n<li>Performing the right to import and wholesale distribution of special goods such as rice; road; recorded items; books, newspapers, and magazines<\/li>\n<li>Providing logistics services; except for logistics service sub-sectors to which Vietnam has committed to open the market in international treaties to which Vietnam is a member;<\/li>\n<li>Leasing of goods, excluding financial leasing; except for rental of construction equipment with operators;<\/li>\n<li>Providing trade promotion services, excluding advertising services;<\/li>\n<li>Providing commercial intermediary services;<\/li>\n<li>Providing e-commerce services;<\/li>\n<li>Providing services of organizing tenders for goods and services.<\/li>\n<\/ul>\n<h2>Procedure for loan registration<\/h2>\n<table>\n<tbody>\n<tr>\n<td style=\"text-align: center;\"><b><strong>Process<\/strong><\/b><\/td>\n<td style=\"text-align: center;\"><b><strong>Detailled description<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><span style=\"font-size: 120%;\"><strong>Step 1<\/strong><\/span><\/td>\n<td><span style=\"font-size: 120%;\"><strong>Prepare documents<\/strong><\/span><\/p>\n<p>Enterprises need to evaluate the feasibility of applying for a business license by considering the industry, financial capacity, and policies of the competent authority.<\/p>\n<p>Draft license application dossier and prepare explanations based on financial information and experience of the enterprise.<\/p>\n<p>Prepare documents to prove the enterprise&#8217;s capacity, financial reports, and documents proving the enterprise&#8217;s financial obligations to the tax authority.<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><span style=\"font-size: 120%;\"><strong>Step 2<\/strong><\/span><\/td>\n<td><span style=\"font-size: 120%;\"><strong>Submit <\/strong><strong>and handle business license <\/strong><strong>applications<\/strong><\/span><\/p>\n<p>Submit directly or by mail to the licensing agency (depending on each case);<\/p>\n<p>Within 10 working days from the date of receiving the complete and valid dossiers, the Licensing Agency checks whether meet the enterprise&#8217;s conditions. In case they do not meet the conditions, the licensing agency shall a written reply, clearly stating the reason;<\/p>\n<p>In case the condition is met, The licensing agency grants a business license to carry out business activities. For some special industries, before granting the license, the Department of Industry and Trade will get opinions from the Ministry of Industry and Trade.<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><span style=\"font-size: 120%;\"><strong>Step 3<\/strong><\/span><\/td>\n<td><span style=\"font-size: 120%;\"><strong>Get results<\/strong><\/span><\/p>\n<p>In case the application is approved, the enterprise will receive a business license as a result. When receiving a business license, enterprises will need to check the information contained in the license to ensure that the information recorded is correct with the original requirements of the business.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>In Vietnam, to manage the business activities of foreign-invested enterprises, the law has set forth regulations on foreign-invested enterprises when conducting business activities related to several special services and goods purchase and sale activities are forced to carry out the business license application procedures before operating in reality, typically logistics services, commercial intermediaries, e-commerce, retail&#8230;<\/p>\n","protected":false},"author":4,"featured_media":7606,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[190],"tags":[],"class_list":["post-7521","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-licensing"],"acf":[],"_links":{"self":[{"href":"https:\/\/cdlaf.vn\/en\/wp-json\/wp\/v2\/posts\/7521","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cdlaf.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cdlaf.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cdlaf.vn\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/cdlaf.vn\/en\/wp-json\/wp\/v2\/comments?post=7521"}],"version-history":[{"count":0,"href":"https:\/\/cdlaf.vn\/en\/wp-json\/wp\/v2\/posts\/7521\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cdlaf.vn\/en\/wp-json\/wp\/v2\/media\/7606"}],"wp:attachment":[{"href":"https:\/\/cdlaf.vn\/en\/wp-json\/wp\/v2\/media?parent=7521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cdlaf.vn\/en\/wp-json\/wp\/v2\/categories?post=7521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cdlaf.vn\/en\/wp-json\/wp\/v2\/tags?post=7521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}