Foreign-invested providers shall only provide international tours for inbound tourists unless otherwise prescribed by the treaties to which the Socialist Republic of Vietnam is a signatory.
When setting up a foreign-invested company in Vietnam, there are usually two methods: Investment in the form of capital contribution or purchase of shares or stakes and investment in the establishment of a business organization. However, to establish a foreign-invested tourism company in Vietnam, an enterprise may only put the company into operation by allowing foreign investors to contribute capital or purchase shares or stakes in the enterprise in Vietnam.
According to the Schedule of commitments on services of Vietnam in WTO, foreign investors are allowed to provide travel agencies and tour operator services (CPC 7471) through a joint venture with a Vietnamese partner there is no restriction on the capital contribution of the foreign side, provided that the capital contribution is less than 100%. In addition, for tour organization activities, foreign investors are required to enter into a joint venture with a domestic travel company that has been granted an international travel business license.
Foreign investor: Individuals shall have full legal capacity. If it is an organization, it must have a business registration certificate with consular certification. Investor’s nationalities are countries in WTO
Vietnamese partners: Vietnamese enterprises have a license to provide international travel services. The enterprise has paid a deposit to a bank with a deposit level of 50.000.000 VND (Fifty million Vietnam dongs). This margin is valid until December 31, 2023. From January 1, 2024, the deposit level for international travel service business according to Article 14 of Decree 168/2017/ND-CP is 250.000.000 VND (Two hundred fifty million Vietnam dongs).
The person in charge of the provision of travel services holds a college degree or higher in travel; In case he/she holds a college degree or higher in another major, a certificate of training in international tour operation is required.
Tour guides in foreign-invested travel companies in Vietnam must be Vietnamese citizens.
When you establish a travel company in Vietnam, the business line must have an industry code: Tour operators, details: Domestic travel business; International tourism business. (Industry code: 7912)
Documents include:
The person responsible for the application for enterprise registration shall submit the application to the Business Registration Office of the province where it is headquartered.
An application for the license for the provision of international tours includes:
The enterprise applying for the license the for provision of international tours shall submit 01 application to the General Department of Tourism.
Documents for registration of capital contribution or purchase of shares or stakes of Vietnam tourism companies include:
Enterprises submit an application for capital contribution/purchase of shares/stakes to the Investment Registration Office of the province where it is headquartered.
Customers wishing to establish a foreign-invested travel company, please contact Viet An Law Firm for detailed support!
Hanoi Head-office
#3rd Floor, 125 Hoang Ngan, Hoang Ngan Plaza, Trung Hoa, Cau Giay, Hanoi, Vietnam
Ho Chi Minh city office
Room 04.68, 4th Floor, River Gate Residence, 151 – 155 Ben Van Don Street, District 4, HCM, Viet Nam
SPEAK TO OUR LEGAL CONSULTANTS
English speaking: (+84) 9 61 67 55 66 (Zalo, Viber, Whatsapp)
Vietnamese speaking: (+84) 9 33 11 33 66 (Ms.Thu Ha) (Zalo, Viber, Whatsapp)