Could you advise what are required documents for recording franchise agreement in Vietnam?
We are going to franchise our education business model to a Vietnamese party. Do we need to register our franchise agreement in Vietnam? If yes, could you advise what are required documents for recording franchise agreement in Vietnam?
ASL LAW’s ADVICE
Thanks for your question related to franchise agreement recording in Vietnam. Under Vietnam Law on Franchise, it is compulsory to register your franchise agreement in Vietnam at the competent Vietnam authority.
The franchise agreement registration at Vietnam authority is about 20-35 days from receiving your full required documents. The required documents for recording franchise agreement in Vietnam are described in the following table:
Prepare Franchising registration documents
|1. The Power of attorney of franchisor.
| All documents are prepared by franchisor as requested (ASL LAW would assist in completing the dossier) and send to Vietnam.
After receiving these documents, ASL LAW will conduct notarization/translation procedures in accordance with the law. The execution time is 10-15 working days.
|2. The application for franchising registration (Vietnamese version).
|3. The written description of franchise registration
|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 Industry and Trade
|20-35 working days after receiving completed documents from client.
We do hope our advice on required documents for Franchise in Vietnam is meaningful to you. Let us know if you have any other inquiries.
We look forward to hearing from you soon.