Vietnam: Re-grant and extension of certificates of eligibility for the business of prize-winning electronic games

According to Article 23 of Decree No. 86/2013/NĐ-CP of Vietnam’s Government, re-grant, modification and extension of certificates of eligibility for the business of prize-winning electronic games are specified as follows:

1. Re-grant of business eligibility certificates

- In case business eligibility certificates of enterprises are lost or damaged due to natural disasters, fire or other objective reasons, enterprises shall make applications for re-grant, clearly stating reasons therefor.

- Within fifteen (15) working days after receiving an application, the Ministry of Finance shall re-grant the business eligibility certificate to the enterprise, clearly stating the time of re-grant (first, second...). The serial number of the re-granted business eligibility certificate is that of the previous certificate.

2. Modification of business eligibility certificates

- Where an enterprise wishes to modify any content in its business eligibility certificate, it shall make an application for modification and send a complete dossier as guided by the Ministry of Finance.

- Within thirty (30) working days after receiving a complete and valid dossier of application for modification, the Ministry of Finance shall grant a modified business eligibility certificate to the enterprise, clearly stating the time of modification (first, second...).

3. Extension of business eligibility certificates

If an enterprise wishes to continue the business of prize-winning electronic games, it shall apply for extension of its business eligibility certificate at least six (6) months before such certificate expires. The extended validity duration of the business eligibility certificate is based on the request of the enterprise but must not exceed the validity duration of the investment certificate or enterprise registration certificate and ten (10) years from the date the business eligibility certificate is extended.

Conditions for extension of a business eligibility certificate include:

- The business eligibility certificate remains valid for six (6) months when the application for extension is submitted;

- The business conditions specified in this Decree are fully satisfied;

- The business conditions are fully satisfied as concluded by an examination agency through regular examinations specified in Clause 3, Article 33 of this Decree.

Note: The Ministry of Finance shall specifically guide the dossier, procedures and contents to be considered for re-grant, modification or extension of business eligibility certificates.

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

Ty Na

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