Franchise in Vietnam: Could you brief requirements and process of franchise registration in Vietnam and provide us a quotation if we decide to engage your firm for this matter?
I am from an international franchising company and would like to inquire about franchise registration in Vietnam. Could you please brief the requirements and process of registration and provide us a quotation if we decide to engage your firm for this matter?
ASL LAW’s ADVICE
Dear Mr. William Yang,
The franchisors from abroad have to record franchise agreement in Vietnam with Ministry of Industry and Trade.
In franchise registration in Vietnam, we support clients in preparing and submitting documents at Vietnam Ministry of Industry and Trade. The necessary documents and timeframe for registration are described in the following table:
Prepare Franchising registration documents in Vietnam
|1. The Power of attorney of franchisor
|Document No. 4, other documents are prepared by franchisor as requested (ASL LAW would assist in completing the dossier) and send to Vietnam.
|2. The application for franchising registration
|3. The written description of franchise
|After receiving these documents, ASL LAW will conduct notarization/translation procedures in accordance with the law. The execution time is 10-15 working days.
|4. The business registration certificate
|5. The copy of the industrial property right protection: trademark, copyright, patent (if available)
|6. The approval letter of the primary franchise’s permission of franchise (in case franchisor is the secondary franchisor)
|7. The latest financial report that has been audited
|8. Franchise Agreement
Submit document at Vietnam Ministry of Industry and Trade
|The official notification of franchise registration will be available within 10-15 working days from the filing date.
|20-35 working days after receiving completed documents from client.
Our fee for implementing the above mentioned-work is $$$US, official fee is included. This fee excludes 10% VAT and other disbursement (such as translation, communication and bank fees. We will inform you any arising disbursement before taking any action.
We hope the above is of your assistance. Should you have any inquiry, please do not hesitate to contact us.
We look forward to hearing from you very soon.
Thank you for contacting with us.