Wednesday, January 17, 2018

Site Search

English (United Kingdom)Tiếng Việt (Vietnamese)

Business registration to be streamlined

GBS - Business registration red tape is to be a thing of the past. Service should be improved and fees will increase under a new system for handling business registrations.

The process of business registration, previously regarded as simply a state management function, will be regarded as a service starting from December 10, 2012, under the Ministry of Finance (MoF) newly enacted Circular 176/2012/TT-BTC.

Organisations and individuals register businesses shall have to pay increased charges set at a level sufficient to cover expenses instead of the current nominal fee level. Under current regulations at Circular 197/2006/TT-BTC, organisations and individuals in need of getting business registration information only have to pay state management agencies maximally VND10,000 per time in service fee.

However, from December 10, 2012 when Circular 197 came into force the service fee will be doubled to VND20,000 per time when organizations and individuals turn to Ministry of Planning and Investment’s Business Registration Support Centre and provincial-level business registration offices to procure information relevant to business registration certificates, including those of representative offices and branch offices.

For information relevant to company regulations or joint stock companies’ financial statements the fee will be VND50,000 ($2.4)/copy and for other materials in business registration records payment will be VND25,000 per material. From December 10, 2012, organisations and individuals procuring summary reports about firm leaders and corporate management activities in three year time need to pay VND100,000 ($4.80) per report whereas the fee will be doubled to VND200,000 ($9.60) per report for getting reports on firm development history in three year time.

Besides, the MoF also hiked fee levels levied on enterprise and household business registration. Accordingly, from December 10, 2012 new registration and changing content in business registration certificates will charge firms VND200,000 ($9.6) per time.

The VND100,000 per time fee will be equally applied to granting new business registration certificates in case former ones are lost, burnt, dragged or abolished; granting new and changing the content of certificates involving business registration of representative offices and branch offices and changing business locations; and household business registration. Thus, compared to current regulations the new fees only hike by three to five times, but payers of these fees are also being classified.

Under current regulations the fee imposed on household business registration is at most VND30,000 ($1.4) per time whereas cooperatives, private and semi-public education and training facilities, private healthcare centres and culture-information units whose business registration certificates are granted by district-level People’s committees have to pay at most VND100,000 ($4.8) per time for getting the certificate.

- VIR

For more information about Company registration in Vietnam, please visit: http://www.gbs.com.vn/index.php/en/expertise/legal-services/company-incorporation


Related news items:
Newer news items:
Older news items:

Top Headlines

  • 1
  • 2
  • 3
  • 4

Warning: Invalid argument supplied for foreach() in /home1/dungdn/public_html/viclaw/modules/mod_rokstock/googlestock.class.php on line 40

Contacts

VICLAW Co., Ltd

Head Office
8th Floor, Trade Centre Building
135A Pasteur St, Ward 6,
District. 3, Ho Chi Minh City, Vietnam
Tel: (84 8) 6291 8505 - Fax: (84 8) 6291 8508
E-mail: info@viclaw.com.vn

Hanoi Office (DNAS)
Suite 301, No. 5 Ba Trieu Str.
Hoan Kiem Dist., Hanoi, Vietnam
Email: hanoi@viclaw.com.vn

Japan Office (Sarkar Office Japan KK)
No.2 Saiwai Bldg.3F, 2-13-7 Higashi-Mukojima, Sumida-Ku,Tokyo 131-0032, Japan
Tel: (+81 3) 56319127 - Fax: (+81 3) 56319106
Email: japan@viclaw.com.vn

Online Support (GMT+7)

About VICLAW

VICLAW is a top 10 best business law firms & outsourcing company in Vietnam with a network of associate firms in South East Asia, Middle East, Japan, HongKong and Poland.

Login Form