Do individuals providing real estate consulting services have to set up businesses in Vietnam?

Do individuals providing real estate consulting services have to set up businesses in Vietnam?

Pursuant to Article 74 of the Law on Real Estate Business 2014, the regulations on real estate consulting services are as follows:

1. Any organizations or individuals who wish to provide real estate counseling services must establish the enterprise.

2. Real estate counseling services contain:

a) Legal counseling on real estate;

b) Counseling on real estate creation and trading;

c) Counseling on real estate finance;

d) Counseling on real estate price;

dd) Counseling on real estate sale, transfer, lease, sublease or lease purchase agreement.

3. Counseling content and scope, rights and obligations of contracting parties, real estate counseling fees shall be agreed by contracting parties.

4. The real estate counseling service providers shall take responsibility for commitment in the agreement and compensation for damage caused by the enterprise.

Thus, according to the above regulations, in order to receive real estate advisory services, you need to set up a business in Vietnam.

What is the content  of the real estate service contract in Vietnam?

According to Clause 4, Article 41 of this Law, the real estate service contract is agreed by the parties and must contain the following main contents:

a) Names and addresses of contracting parties;

b) Information about Object and service details;

c) Service requirements and results;

d) Time limit for performance of services;

đ) Service fees, remuneration and service commissions;

e) Methods and time limits for payment;

g) Rights and obligations of both parties;

h) Settlement of disputes;

i) Effective date of the agreement.

Best Regards!