Fee for applications of foreign traders for the license to establish representative offices in Vietnam

15:36, 15/10/2016

This is an important content specified in Circular No. 143/2016/TT-BTC of the Ministry of Finance of Vietnam provides regulations on fees for processing of applications for the license to establish representative offices of foreign trade promotion organizations or foreign traders in Vietnam, and the collection and transfer thereof, issued on September 26, 2016.

According to new guidance of Circular No. 143/2016/TT-BTC of the Ministry of Finance of Vietnam, fees for processing of applications for the license to establish representative offices of foreign trade promotion organizations or foreign traders in Vietnam are specified in 01 Circular, instead of being regulated separately in 02 Circulars as before (Circular No. 133/2012/TT-BTC and Circular No. 187/2012/TT-BTC).

According to Circular No. 143/2016/TT-BTC of the Ministry of Finance of Vietnam, foreign trade promotion organizations or foreign traders must pay the following fees for processing of their applications for the license to establish representative offices in Vietnam:

- New license: VND 3,000,000/application;

- Re-issuance, modification or renewal of license: VND 1,500,000/application.

Foreign trade promotion organizations or foreign traders must pay fees for processing of their applications for the license to establish representative offices in Vietnam in Vietnamese Dong (VND).

These regulations take effect from January 01, 2017.

Source: Finance Magazine

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