How to Establish Travel Services Business in Vietnam?
Because passenger transportation is one of the investment areas subject to restrictions for foreign investors in Vietnam, a foreign investor can only form a joint venture with a travel agency in Vietnam to establish a travel services business there.
It is impossible to deny the significant impact that information technology has had on the travel services industry. The utilization of booking reservation framework application on cell phone and web are inescapable that make travel has never been more straightforward. The travel services market would be interesting for a foreign investor to explore. Nonetheless, 100 % foreign owned company is not allowed to set-up travel services business in Vietnam. Due to the conditionality of this investment area, a Vietnam-based law firm should be consulted to ensure compliance with local regulations.
The application process and documents requirements to establish travel business in Vietnam are briefly
1.Required documents to establish travel business in Vietnam
-Application for the International Travel Business License (form);
-Certificate of business registration (copy – certified)
-Business plan for the international travel agency;
-Tour schedule
-Proof of at least 4 years of experience in international travel business operations
-Certified copies of the tourist guides’ cards whereby at least 3 international tourist guides are required
-Confirmation of bank deposit (as per regulations);
-Proof of offi
2. Business License Application Procedure to establish business in Vietnam
-Submitting the required documents to the appropriate authority (the province or city's Department of Culture, Sports, and Tourism).
-Within 10 working days of receiving a valid application, the province or city's Department of Tourism completes the appraisal records and sends a written request along with the agency's records to Vietnam's Ministry of Culture, Sports, and Tourism. At the point when cases are not qualified for the proposed grant to the state organizations, the commonplace the travel industry office will refer to the particular purposes behind refusal.
Within ten working days of receiving the file and written request from the state agency of tourism in the province, the international travel business must be reviewed and licensed by the state management agency of tourism (VNAT – Ministry of Culture, Sports, and Tourism). In the event of refusal, the service will express the particular motivations to the state and commonplace the travel industry specialists.
3. Number of records
-Submission to the Department of Culture, Sports and Tourism: 01
– Tourism Authority Filed in: 01
ANT Lawyers – a law firm in Vietnam will always follow up with authorities for legal update on matters relevant to investment registration or business registering in Vietnam.
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