PROCEDURES FOR APPLICATION FOR RETAIL BUSINESS LICENSE FOR FOREIGN-INVESTED ENTERPRISES

According to the provisions of law, foreign-invested enterprises wishing to register retail business must carry out the procedures to apply for business licenses for foreign-invested economic organizations to carry out their rights to the retail distribution of goods.

 The dossiers of application for Retail Licenses is as follows:

1 Application form for Business License (Form No. 01 in the Appendix enclosed with Decree 09/2018/ND-CP dated January 15th, 2018);
2 An explanation containing the contents specified in Clause 2, Article 12 of the Government’s Decree 09/2018/ND-CP of January 15th, 2018, including:

  • Explanation on conditions for issuance of corresponding Business License as prescribed in Article 9 of this Decree (according to requirements in Section 1.11. Requirements and conditions for carrying out administrative procedures)
  • Business plan: Describing the content and mode of conducting business activities; presenting business plan and market development; demand for labor; assessing socio-economic impacts and efficiency of business plans;
  • Financial plan: Report the results of business activities on the basis of the latest audited financial statement in case it has been established in Vietnam for 01 year or more; explanation of capital, capital sources and capital raising plan; enclose financial documents;
  • The business situation of goods trading activities and activities directly related to the goods sale and purchase; the financial situation of foreign-invested business organizations up to the time of application for business license, in case of being granted a Business License as prescribed in Clause 6, Article 5 of this Decree (Clause 6, Article 5, Decree 09: An economic organization having a retail establishment in Vietnam, after receiving capital contribution, becomes a foreign-invested economic organization or economic organization in the cases prescribed in Point b and c, Clause 1, Article 23 of the Investment Law, must carry out procedures for granting a Business License or Retail Outlet License.)
3 Documents of the tax authority proving that the tax debt is no longer overdue;
4 Certified copy of Enterprise registration Certificate;
5 Certified copy of the Investment registration Certificate of the project of goods trading and activities directly related to the sale and purchase of goods (if any).
  • Number of files: 01 set
  • Processing time: 10 working days from the date of receipt of complete and valid file.
  • Implementing agency: Department of Industry and Trade where the foreign-invested economic organization is headquartered

 

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■ Hankuk Law Firm – Introduction

The goal of the legal services provided by HANKUK LAW FIRM is to support businesses, investors, and people. Our organization employs skilled Korean lawyers, partners, and professionals to provide legal services to businesses related to corporations and litigation.

To support the startup process, our lawyers and staff provide a wide range of services, including business law consulting, tax and immigration law consulting, real estate services, business consulting, marketing and communications, human resources, product distribution, franchise options, etc. We provide expert advice on every aspect of your business needs.

To protect the legitimate rights and interests of our clients and achieve the best results, we provide legal advice and participate in civil lawsuits related to business, labor, marriage, family, and inheritance.

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For reliable and effective legal advice, please contact HANKUK LAW FIRM now. We are committed to providing you with the best possible answers and our team of experienced lawyers has extensive knowledge in many legal fields. We are always here to provide the most competent and dedicated support, whether you are dealing with contractual issues, commercial disputes or need guidance on foreign investment. HANKUK LAW FIRM is honored to have assisted hundreds of domestic and international clients in skillfully resolving complex legal issues as their trusted legal partner. Do not let legal issues hinder your success. Let us accompany you towards legal achievement and comfort. For prompt guidance and support to ensure your rights are always maintained at the highest standards, contact HANKUK LAW FIRM now.

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