Vietnam: 06 conditions for grant of business eligibility certificates

According to Decree No. 86/2013/NĐ-CP of Vietnam’s Government, when organizing the business of prize-winning electronic games, an enterprise shall apply for a business eligibility certificate. Conditions for grant of a business eligibility certificate include:

- Having a tourist accommodation establishment of five-star class or high or superior class as ranked by a competent state management agency in accordance with the Law on Tourism and guiding documents;

- Having a place for building a business facility satisfying the conditions prescribed in Article 5 of this Decree;

- Having managers who have good ethical quality and professional qualifications of university or higher level; have worked for at least 3 years in the management of prize-winning electronic games; and are not banned from establishing and managing enterprises as prescribed in the Enterprise Law of Vietnam and the Government’s Decree No. 72/2009/ND-CP  and guiding, replacing or revising documents (if any);

- Fully satisfying the security and order conditions on conditional business lines prescribed in Decree No. 72/2009/ND-CP of Vietnam’s Government and guiding, replacing or revising documents (if any);

- Having sufficient financial capability; earning profits and having no accumulated loss in the fiscal year preceding the year of submission of a dossier of application for a business eligibility certificate;

- Having an effective plan on business of prize-winning electronic games and ensuring security, social order and safety in accordance with law.

Enterprises may be considered for grant of certificates of eligibility for the business of prize-winning electronic games only after being licensed by a competent agency for establishment and business operation of tourist accommodation establishments in accordance with the Investment Law and Enterprise Law of Vietnam.

Note: A tourist accommodation establishment may be considered for grant of only one (1) business eligibility certificate and such business eligibility certificate may only be granted to the enterprise owning such establishment.

View details at Decree No. 86/2013/NĐ-CP of Vietnam’s Government, effective from October 01, 2013.

Ty Na

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