With a service fee of 34,000,000 VND, fdiinvietnam.com will complete all procedures for applying for a retail license for foreign-invested enterprises and deliver it to your door.
WHY DO FOREIGN ENTERPRISES HAVE TO APPLY FOR A RETAIL BUSINESS LICENSE?
According to Decree 09/2018/ND-CP, all foreign-invested economic organizations in Vietnam must apply for a retail business license or a license to establish a retail establishment.
CONDITIONS FOR RETAIL BUSINESS LICENSE FOR FOREIGN ENTERPRISES
To be able to apply for a retail business license, foreign-invested enterprises must first ensure the conditions specified in Decree 09/2018/ND-CP.
At the same time, determine which of the two cases below the enterprise belongs to in order to properly and fully implement the regulations and conditions:
1. No need to explain ENT:
- If buying, selling or trading at the parent company/headquarters;
- If you do retail at shopping malls, supermarkets…
2. Must explain ENT: If retail is performed at branches and business locations.
Note:
After completing the procedures for opening a foreign-invested company, if during operation, the enterprise has a need for retail, it will carry out the procedures for applying for a retail license.
TIME AND COST OF APPLYING FOR RETAIL BUSINESS LICENSE FOR ENTERPRISES WITH FOREIGN INVESTMENT CAPITAL
Total package cost for applying for retail business license for foreign enterprises is from 34,000,000 VND , within 20 – 25 working days .
The cost to complete the procedure for applying for a retail license for a foreign company will vary depending on each case, whether ENT explanation is required or not, retail sales are conducted at shopping malls, supermarkets or regular retail establishments… Therefore, please contact fdiinvietnam.com immediately for free consultation support and accurate quotes.
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REQUIRED DOCUMENTS AND DOCUMENTS
Depending on whether the business is required to explain ENT or not, the application for a retail business license for foreign businesses will be different.
1. To explain or not to explain ENT
If the enterprise carries out the procedures for applying for a retail business license for a foreign company, it needs to prepare at least the following documents:
- Application for a license to establish a retail establishment;
- Copy of business license;
- Documents proving no overdue tax debt with tax authorities;
- Copy of investment registration certificate of retail establishment project (if any);
- ENT explanation demonstrating sufficient ENT criteria (if ENT explanation);
- Explanation with the following contents: location of retail establishment; business plan; financial plan for establishing retail establishment.
2. Use services at fdiinvietnam.com:
fdiinvietnam.com will provide free consultation on whether or not a business needs to explain ENT and other legal issues. You only need to provide the following 4 simple pieces of information:
– Audited financial statements for 2 years;
– Notarized copy of business license;
– Official letter confirming completion of tax obligations;
– Certificate of business registration.
NOTES WHEN PROCEDURING RETAIL BUSINESS LICENSE FOR FOREIGN-OWNED COMPANIES
- The term of the retail license corresponds to the remaining term on the investment registration certificate for the project to establish a retail facility.
In case the enterprise does not have a certificate of investment registration for a project to establish a retail facility, the term of the retail license shall correspond to the term stated in the document on the location of the retail facility.
- All foreign-invested enterprises doing retail business must apply for a retail business license to avoid being penalized for violations.
- According to fdiinvietnam.com’s experience, most businesses often confuse retail distribution rights and retail establishments, leading to not being able to determine the procedures to be performed, causing waste of time and costs. At the same time, the procedure for applying for a retail business license for foreign businesses is quite complicated, so most businesses will choose to use the service so as not to affect the progress and business plan.
FAQ
1. How much does it cost to get a retail license?
Total cost from 34,000,000 VND. Depending on each case of the business (explaining or not explaining ENT, location of retail establishment…) the cost will change. For an exact quote, contact fdiinvietnam.com at 0978 578 866 (North) – 033 9962 333 (Central) – 033 9962 333 (South) .
2. What is ENT?
ENT, also known as the Economic Needs Examination Council, is responsible for establishing wholesale and retail establishments for all products manufactured in Vietnam and imported into Vietnam for foreign-invested enterprises.
3. How long does it take to register a retail business license?
If the application is valid, within 20-25 working days from the date of application submission, the Department of Industry and Trade will check and issue a retail business license to the foreign enterprise.
If the application is invalid, within 3 days from the date of receipt of the application, the Department of Industry and Trade will send a written notice of the reason for rejecting the application and the enterprise needs to adjust, supplement and resubmit the application.
4. Which agency issues retail licenses to foreign businesses?
The Department of Industry and Trade where the enterprise has its headquarters will receive the application for a retail business license for a foreign-invested company.
5. Do foreign retail companies in supermarkets need to apply for a license?
According to Decree 09/2018/ND-CP, all foreign economic organizations when doing wholesale and retail business in Vietnam must apply for a retail business license.
However, in the case of retailing at supermarkets, enterprises do not need to make an ENT explanation. The procedure for foreign enterprises to apply for a retail license is quite complicated. For free consultation support, please contact fdiinvietnam.com at 0978 578 866 (North) – 033 9962 333 (Central) – 033 9962 333 (South).
Call us at 0978 578 866 (North) – 033 9962 333 (Central) – 033 9962 333 (South) for support.