Conditions of establishment and operation of price-appraising enterprises in Vietnam

Conditions of establishment and operation of price-appraising enterprises in Vietnam (Internet image)

Regarding this issue, LawNet would like to answer as follows:

1. Conditions of establishment and operation of price-appraising enterprises in Vietnam

Conditions of establishment and operation of price-appraising enterprises according to Article 38 of the Law on Prices 2012 are as follows:

- Price-appraising enterprises are established under provisions of Law on enterprises.

- Price-appraising enterprises may operate upon the the Ministry of Finance grants the eligible certificate of business price appraisal service as prescribed by law.

2. Conditions for granting the eligible certificate of business price appraisal service in Vietnam

Conditions for granting the eligible certificate of business price appraisal service. under Article 39 of the Law on Prices 2012 are as follows:

- One-member limited liability companies when requesting for grant of the eligible certificate of business price appraisal service must have full the following conditions:

+ 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 appraiser registering practice in such enterprises.

- The limited liability companies with two or more members when requesting for grant of the eligible certificate of business price appraisal service must have full the following conditions:

+ 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 appraiser 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.

- Partnerships when requesting for grant of the eligible certificate of business price appraisal service must have full the following conditions:

+ 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, aomong that at least must have 02 General partners;

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

- Private enterprises when requesting for grant of the eligible certificate of business price appraisal service must have full the following conditions:

+ 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 when requesting for grant of the eligible certificate of business price appraisal service must have full the following conditions:

+ 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, aomong that at least must have 02 Founding shareholders;

+ The legal representatives, Directors or general Directors of Joint-stock companies must be price appraiser 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.

- The Government stipulates order of, procedures for granting the eligible certificate of business price appraisal service.

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE