Vietnam: Conditions for grant of certificate of eligibility for providing appraisal services

According to Article 39 of the Law on Prices 2012 of Vietnam, conditions for these enterprises to be granted the eligible certificate of eligibility for providing appraisal services are as follows:

- One-member limited liability companies:

+ Having Certificate of Business registration, certificate of Enterprise registration or certificate of investment as prescribed by law;

+ Having at least 03 appraisers on prices registering practice in such enterprises, and among them must have a member is owner thereof;

+ The legal representatives, Directors or general Directors of one-member limited liability companies must be price appraisers registering practice in such enterprises.

- Limited liability companies with two or more members:

+ Having Certificate of Business registration, certificate of Enterprise registration or certificate of investment as prescribed by law;

+ Having at least 03 appraisers on prices registering practice in such enterprises, and among them must have at least 02 member making capital contributions;

+ The legal representatives, Directors or general Directors of limited liability companies with two or more members must be price appraisers registering practice in such enterprises.

+ The contribution capital of members being organized shall not exceed the level of contribution capital stipulated by the Government. The representative of the member being organization must be a price appraiser and register practice in such enterprise.

- Partnerships:

+ Having Certificate of Business registration, certificate of Enterprise registration or certificate of investment as prescribed by law;

+ Having at least 03 appraisers on prices registering practice in such enterprises, among that at least must have 02 General partners;

+ The legal representatives, Directors or general Directors of Partnerships must be price appraisers registering practice in such enterprises.

- Private enterprises:

+ Having Certificate of Business registration, certificate of Enterprise registration or certificate of investment as prescribed by law;

+ Having at least 03 appraisers on prices registering practice in enterprises, and among them must have a member is owner of Private enterprises;

+ Director of Private enterprises must be price appraiser and register practice in such enterprises.

- Joint-stock companies:

+ Having Certificate of Business registration, certificate of Enterprise registration or certificate of investment as prescribed by law;

+ Having at least 03 appraisers on prices registering practice in such enterprises, among that at least must have 02 Founding shareholders;

+ The legal representatives, Directors or general Directors of Joint-stock companies must be price appraisers registering practice in such enterprises.

+ The contribution capital of members being organization shall not exceed the level of contribution capital stipulated by the Government. The representative of member being organization must be price appraiser and register practice in such enterprise.

View more details at: The Law on Prices 2012 of Vietnam takes effect from January 01, 2013.

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