Question: Our company intends to allow a Vietnamese businessman to franchise in Ha noi. Kindly let me know the legal charges for the same.
Answer:
The franchisors from abroad have to franchise registration in Vietnam with Ministry of Industry and Trade.
In franchising 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:
| Description | Content | Expected time |
|
Prepare Franchising registration documents |
1. The Power of attorney of franchisor,
notarized and legalization |
Beside document No. 4, other documents are prepared by franchisor as requested (SBLaw would assist in completing the dossier) and send to Vietnam. |
| 2. The application for franchising registration (Vietnamese version) Franchisor signs and seal | ||
| 3. The written description of franchise (Vietnamese version) notarized and legalization | After receiving these documents, SBLaw will conduct notarization/translation procedures in accordance with the law. The execution time is 10-15 working days. | |
| 4. The business registration certificate:
certified and legalization copy |
||
| 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): notarized and legalization | ||
| 7. The latest financial report that has
been audited: Certified and legalization copy |
||
| 8. Franchise Agreement (English and Vietnamese versions) | ||
|
Submit documents |
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 |
|
Total time: |
20-35 working days after
receiving completed documents from client. |
|
Our fee for implementing above mentioned-work is USD 3,500.00 (Three thousand and five hundred), official fee is included. This fee excludes 10% VAT and translation fee of 6.50/100 words, communication and bank fees. We will inform you any arising disbursement before taking any action.
