Procedures to establish international travel service company in Vietnam
The procedure for establishing a international travel service business is of great interest to many businesses. Because tourism and travel service bring huge profits to businesses each year. In particular, Vietnam has many tourist attractions for domestic as well as foreign tourists. So, In this article, LSX legal firm would like to introduce to you the Procedures to establish an international travel service company in Vietnam.
Conditions to perform international travel services
- Established in accordance with the law on enterprises
- Deposit for international travel service business at the bank
- The person in charge of the travel service business must have a College or higher degree in tourism. If that person graduated from a College school or higher in another major, then he/she must have a certificate of international tourism management.
Dossiers
Dossiers for business establishment
- Application for business registration.
- Company charter.
- List of company members/shareholders (Depends on the type of the company).
- A valid copy of the ID card/Passport of the legal representative, company owner, members of the company.
- Authorization letter for the authorized person to carry out business registration procedures
- A copy of the ID card of the person authorized to carry out the procedures.
Application for travel service business operations
- An application for an international travel service business license.
- Authenticated copy of Business Registration Certificate or Investment Registration Certificate.
- Certificate of deposit for travel service business;
- Authenticated copy of the decision or the labor contract between the company and the person in charge of the travel service business.
- Authenticated copy of degree or certificate of the person in charge of travel service business.
Procedure
Step 1: Establish the company
The first step to setting up an international travel service business is to set up a business. To set up a company:
- Submit your application at the Business Registration Office where the company’s head office is located.
- Receive the Business Registration Certificate.
- Publish the business registration of the company.
- Engrave and publish the company seal.
- Pay license fee and VAT (value-added tax).
Step 2: Deposit at a commercial bank
Make an escrow at a commercial bank; cooperative Bank; or foreign bank’s branches established and operating in Vietnam. A deposit is a mandatory condition for a travel company to receive a license to provide travel services.
On the other hand, deposit rate for international travel service business:
- Business travel services for international tourists to Vietnam: 250,000,000 (two hundred and fifty million) VND.
- Business travel services for tourists going abroad: 500,000,000 (five hundred million) VND.
- Services for international tourists to Vietnam and tourists going abroad: 500,000,000 (five hundred million) VND.
Step 3: Apply for a business license
In case a company performs domestic travel business, it must be granted a license to operate domestic travel services.
Firstly, enterprises applying for a license to operate international travel services shall submit 1 set of dossiers to the Vietnam National Administration of Tourism.
Within 10 days from the day on which the valid application is received, the Vietnam National Administration of Tourism shall appraise it, then issue an international travel service business license to you, and notify the specialized tourism agency of the province where the enterprise’s head office is located. In case of refusal, it must be notified in writing and clearly state the reason.
LSX legal firm’s service on company establishment
When establishing a company, people must carry out the procedure following the law at the competent business registration authority (under the Law on Enterprise 2020). The process of establishing a business includes many different steps and phases. If you are not familiar with the law, this process may take a lot of time.
With a team of experienced, reputable, and professional consultants; The firm is always ready to support and work with clients to solve legal difficulties.
Furthermore, using our service, you do not need to do the paperwork yourself. We guarantee to help you prepare documents effectively and legally.
Also, you will not have to waste time preparing the application, submitting application, or receiving results. At those stages, we will help you do it smoothly.
After all, LSX provides the service with the desire that customers can experience it the best way. Additionally, we guarantee the cost to be the most suitable and economical for customers.
Related articles
Procedures to establish a domestic travel service company in Vietnam
What is an international travel business according to Vietnamese law?
Procedure for registering a business license on international travel service
Related questions
Firstly, it will take you one to two days to prepare basic information and dossiers to set up a company.
Then, you will spend two to three days preparing the necessary documents for the application to submit to the Business Registration Office.
The application can be submitted directly at the one-stop department of the Department of Planning and Investment of the province or city. On the other hand, you can submit online at: dangkykinhdoanh.gov.vn.
Lastly, the time to receive the application for business establishment is a working day. The processing phase takes 3 working days. Accordingly, the total time as prescribed-the fastest for you to get the company registration certificate is 5-7 working days. Besides, there will be cases where the time is extended due to the supplement of the profile.
The List of members/partners of a limited liability company/partnership; the list of founding shareholders and foreign shareholders of a joint stock company shall contain:
Firstly, full names, signatures, nationalities, mailing addresses of members/partners/founding shareholders/foreign shareholders that are individuals;
Secondly, names, EID numbers, addresses of headquarters of members/partners/founding shareholders/foreign shareholders that are organizations;
Thirdly, full names, signatures, nationalities, mailing addresses or legal representatives or authorized representatives of members/partners/founding shareholders/foreign shareholders that are organizations;
Fourthly, stakes and values thereof, holdings, types, quantities and values of assets contributed as capital, capital contribution time of each member/partner (for limited liability companies and partnerships); types and quantities of shares, holdings, types, quantities and values of assets contributed as capital, capital contribution period of each founding shareholder and foreign shareholder (for joint stock companies).
Contact LSX
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