Pursuant to Law on Investment 2014, the Law on enterprises 2014, the Law on Tourism 2005, documents providing guidelines on implementation and Vietnam’s WTO Commitments, the process for foreign investors establishing a travel company in Vietnam shall comply with the following:
Forms of investment: Establish Vietnamese companies and apply for an international travel business license. Then foreign investors purchase shares or capital contributions of Vietnamese companies which have registered tourism business.
Step 1: Establishment of Vietnamese travel companies;
A dossier includes:
Company need to register: “Tour operator. Details: Tour operator activities, domestic travel and international travel business”.
Receiving agency: The business registry office of the Department of Planning and Investment where the head office of the company is located.
Processing time: 03-06 working days
Step 2: Apply for an international travel business license for Vietnamese company
A dossier of application for an international travel business license includes:
– Written request for application for an international travel business license;
– Copy of the business registration certificate of the enterprise;
– Business plan for international travel;
– International tourist program,
– A certificate of experience or papers proving the duration of operation of the operator of international tour business; Decision on the appointment of a person to run an international travel business;
– 03 photocopies of 03 tourist guides and contract of tourist guides with the company;
– Certificate of international travel business escrow.
Receiving agency: Culture, Sports and Tourism Department.
Step 3: Foreign investors purchase shares or contribute capital to Vietnamese company which have registered tourism business.
A dossier includes
The file for registration of capital contribution or purchase of shares or portion of capital contribution shall comprise:
Receiving agency: The investment registry office of the Department of Planning and Investment where the head office of the company is located.
Processing time: Within a period of 15 – 25 days from the date of receipt of the complete dossier.
Results of implementation of administrative procedures: written notice
According to Article 5 Circulars No 131/2010/TT-BTC, conditions of foreign investors (organizations, individuals) contributing capital to or purchase shares in Vietnamese companies: Foreign investors must open an investment capital account at a commercial bank in Vietnam. All activities of share purchase and sale, capital contribution assignment, receipt and use of distributed dividends and profit, remittance of money overseas and other activities relevant to investment in Vietnamese companies must all be conducted via such account.
Legal services at Viet An Law Firm for establishment of foreign-owned travel company
#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)