Foreign investor could only set-up joint venture with Vietnam
travel agency to set-up travel services business in Vietnam because transport
of passenger belongs to investment areas with conditions applied
to foreign investor inVietnam.
No one could deny that
information technology has tremendously changed the way travel services
business operates. The use of booking reservation system
application on smartphone and internet are widespread that make travel has
never been easier. Foreign investor would be interested to explore the
travel services market. However, 100% foreign owned company is not allowed
to set-up in travel services business in Vietnam. As this investment area is
conditional, it is advised that a law firm in Vietnam should be consulted
to ensure compliance with local regulations.
The application process
and documents requirements are briefly as following:
I. Required documents:
1. Application for the International Travel
Business License (form);
2. Certificate of business registration (copy –
certified)
3. Business plan for the international travel
agency;
4. Tour schedule
5. Proof of at least 4 years of experience in
international travel business operations
6. Certified copies of the tourist guides’ cards
whereby at least 3 international tourist guides are required
7. Confirmation of bank deposit (as per
regulations);
8. Proof of office premises or legally registered
place of business
II. Business License
Application Procedure
1. Submission of the required documents to the
correct authority (Department of Culture, Sports and Tourism of the
province/city where the business is headquartered).
2. The Department of Tourism of the province/city
completes the records of appraisal and submits a written request with the agency’s
records to the Minstry of Culture, Sports and Tourism in Vietnam within ten
working days from the date of receipt of a valid application. When cases are
not eligible for the proposed permit to the state agencies, the provincial
tourism department shall cite the specific reasons for refusal.
3. The state management agency of tourism (VNAT –
Ministry of Culture, Sports and Tourism) is responsible for reviewing and
licensing the international travel business within ten working days from the
date of both receipt of the file and written request of the state agency of
tourism in the province. In case of refusal, the ministry shall state the
specific reasons to the state and provincial tourism authorities
III. Number of records
– Submission to the
Department of Culture, Sports and Tourism: 01
– Tourism Authority
Filed in: 01
Source: ANTLawers.vn