What are the fees for processing of applications for multi-level marketing registration certificates in Vietnam from March 21, 2024?
- What are the fees for processing of applications for multi-level marketing registration certificates in Vietnam from March 21, 2024?
- Vietnam: How long will the multi-level marketing registration certificate be effective?
- What are the cases of termination of multi-level marketing activities in Vietnam?
What are the fees for processing of applications for multi-level marketing registration certificates in Vietnam from March 21, 2024?
On February 25, 2024, the Minister of Finance issued Circular 09/2024/TT-BTC on prescribing fees for processing of applications for multi-level marketing registration certificates, collection, payment, transfer, management and use thereof.
Pursuant to Article 4, Circular 09/2024/TT-BTC, fees for processing of applications for multi-level marketing registration certificates are provided for as follows:
- Regarding applications for issuance or renewal of multi-level marketing registration certificates: VND 5.000.000/application.
- Regarding applications for modification of multi-level marketing registration certificates: VND 3.000.000/application.
The declaration, collection, payment and transfer of fees are prescribed in Article 5 of Circular 09/2024/TT-BTC as follows:
- Fees shall be paid as prescribed in point a clause 2 Article 10 of the Government’s Decree 40/2018/ND-CP dated March 12, 2018; fees shall be paid to collectors adopting the payment methods prescribed in the Circular 74/2022/TT-BTC dated December 22, 2022 of the Minister of Finance of Vietnam.
- Each collector shall transfer total amount of fees collected in the previous month to its dedicated account opened at the State Treasury by the 05th each month. Collectors shall declare, collect, transfer and make statements of collected fees in accordance with the provisions of the Circular 74/2022/TT-BTC.
What are the fees for processing of applications for multi-level marketing registration certificates in Vietnam from March 21, 2024?
Vietnam: How long will the multi-level marketing registration certificate be effective?
Pursuant to Article 8 of Decree 40/2018/ND-CP, the multi-level marketing (MLM) registration certificate is as follows:
MLM registration certificate
1. A MLM registration certificate shall be effective for 05 years from the date of issue.
2. The MLM registration certificate is made into 02 originals, among which 01 original is delivered to the applicant and the other is kept by the Ministry of Industry and Trade.
3. A MLM registration certificate includes the following contents: The name of MLM company; information concerning the Certificate of company registration/Certificate of investment registration (if any), including: company’s code, issuing authority, date of initial issue, date of the latest modification; head office’s address, telephone number, fax number, website and email address; information about the legal representative, including: full name, nationality, details of ID card/ citizen’s identity card/ passport, position, registered permanent residence/ temporary residence; scope of products sold through the MLM.
According to the above regulations, a multi-level marketing registration certificate shall be effective for 05 years from the date of issue.
A MLM registration certificate includes the following contents:
- The name of MLM company;
- information concerning the Certificate of company registration/Certificate of investment registration (if any), including: company’s code, issuing authority, date of initial issue, date of the latest modification; head office’s address, telephone number, fax number, website and email address;
- information about the legal representative, including: full name, nationality, details of ID card/ citizen’s identity card/ passport, position, registered permanent residence/ temporary residence; scope of products sold through the MLM.
What are the cases of termination of multi-level marketing activities in Vietnam?
Pursuant to Article 17 of Decree 40/2018/ND-CP, cases of termination of multi-level marketing activities are as follows:
Termination of multi-level marketing activities
1. Cases where MLM activities are terminated:
a) The MLM registration certificate expires without renewal as regulated in Article 14 herein;
b) The MLM company terminates MLM activities at its own will;
c) The MLM registration certificate is revoked by the competent authority.
2. When terminating MLM activities, the MLM company shall:
a) Send a written notification of termination of MLM activities to the Ministry of Industry and Trade, post up the notice thereof at its head office, branches, representative offices and business locations, and on its website;
b) Terminate or finalize MLM contracts and solve benefits for MLM participants in accordance with law regulations on MLM management;
c) Fulfill obligations specified in the decision given by a competent authority on penalties for violations against regulations on MLM activities.
Accordingly, cases of termination of multi-level marketing activities include the following cases:
- The MLM registration certificate expires without renewal as regulated in Article 14 of Decree 40/2018/ND-CP;
- The MLM company terminates MLM activities at its own will;
- The MLM registration certificate is revoked by the competent authority.
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