Fee for a license on the establishment of a representative office of a foreign trade promotion organization will be VND 3 million (US$150), according to a new regulation of the Ministry of Finance (MoF).
Fee for a license on the establishment of a representative office of a foreign trade promotion organization will be VND 3 million (US$150), according to a new regulation of the Ministry of Finance (MoF).
This is part of Circular 187/2012/TT-BCT recently issued by the MoF.
Fees on re-granting, amending and extending the existing licenses are VND 1.5 million (US$75) per license.
The new regulations are also subject to foreign trade promotion organizations and other foreign organizations which operate in trade promotion in Viet Nam as stipulated in Article 2 of Decree 100/2011/NĐ-CP on the establishment and operation of representative offices in Viet Nam.
The Circular, however, is invalid to representative offices of foreign merchants, non-governmental organizations, cooperative organizations on research, culture as well as education.
The Trade Promotion Department under the Ministry of Industry and Trade is in charge of granting establishment licenses for representative offices of foreign trade promotion organizations.
(Source:VNNet)
