Ensuring a Minimum Capital of 300 Billion VND for Air Transport Business

00:28, 12/07/2024

This is the content stipulated in Decree 92/2016/ND-CP on sectors and professions subject to conditions in the field of civil aviation business.

to establish and maintain the operation of an air transport business enterprise, the following minimum capital requirements must be ensured:

- For operating up to 10 aircraft:- Engaging in international air transport: 700 billion VND;- Engaging solely in domestic air transport: 300 billion VND;- For operating from 11 to 30 aircraft:- Engaging in international air transport: 1,000 billion VND;- Engaging solely in domestic air transport: 600 billion VND;- For operating more than 30 aircraft:- Engaging in international air transport: 1,300 billion VND;- Engaging solely in domestic air transport: 700 billion VND;

The Decree also prescribes the minimum capital requirements to establish and maintain a general aviation business enterprise and the capital conditions in cases where the air transport business enterprise has foreign investment.

The Decree 92/2016/ND-CP takes effect from July 01, 2016.

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

0 lượt xem

- This translation is generated by OpenAI's GPT-4o model;
- The legal regulations in this article are according to Vietnamese Law;
- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email [email protected]