Aug 23, 2012

Vietnam - Increase The License Fee For Representative Offices Of Foreign Traders In Vietnam

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According to circular No. 133/2012/TT-BTC dated 13th Aug, 2012 by the Ministry of Finance regulating about the collection, remittance and management of fees for licensing representative office of foreign traders in Vietnam. The fees for issuance new licensing, expansion and re-issuance licensing representative offices of foreign traders in Vietnam will be changed from 01st Oct, 2012 as following:

§  The fees for new licensing application is VND 3, 000,000/ license, increase by VND 2,000,000 as before (According to the circular No. 73/1999/BTC: VND 1,000,000 /license).

§  The fees for reissuance, amendment, supplement, expansion license is VND 1,500,000 /license, but pursuant to the circular No. 73, these cases are free.

§  The fees for licensing representative offices of foreign traders in Vietnam must be collected in Vietnam Dong (VND).

This Circular takes effect on October 01, 2012 and supersedes the Circular No. 73/1999/TT-BTC on June 14, 1999 of the Ministry of Finance guiding the collection of fees for licensing to permanent representative offices of foreign economic organizations in Vietnam.



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