Vietnam: Reducing charges for business registration from September 20, 2019

14:29, 14/08/2019

Recently, the Ministry of Finance of Vietnam issued Circular No. 47/2019/TT-BTC on amounts, collection, payment, management and use of fees for providing information about enterprises, charges for business registration.

Circular No. 47/2019/TT-BTC of the Ministry of Finance of Vietnam applies a new fee rate, which reduces fees for providing information about enterprises, charges for business registration. Specifically, the fee rates have changed as follows:

- Charges for business registration (consist of: issuance, reissuance, amendments to the Business registration certificate and the certificate of registration for branches, representative offices, business location of the enterprise): VND 50.000;

(Currently, charges for registration of enterprise establishment, amendments to enterprise registration, reissuance of enterprise registration certificate is VND 100,000 per registration and VND 50,000 per application for new issuance, reissuance, amendments to certificate of registration for branches, representative offices, business location of enterprise)

- Fees for declaration of contents of enterprise registration is VND 100,000 (current fees is VND 300,000 per declaration).

View more details at Circular No. 47/2019/TT-BTC of the Ministry of Finance of Vietnam, effective from September 20, 2019, which replaces Circular No. 215/2016/TT-BTC and Circular No. 130/2017/TT-BTC.

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