Under the Circular No. 09/2006/TT-BTM dated May 25th, 2006 of Ministry of Trade (Ministry of Industry and Trade – now) guiding on the commercial franchising registration, before conducting commercial franchising, foreign traders that intend to conduct franchises from overseas into Vietnam, must register commercial franchising with in Vietnam.
Also, according to the above mentioned Circular, within 5 working days from receipt of a completed and legitimate application dossier from the applicant, the Ministry of Industry and Trade shall register the trader’s commercial franchising in commercial franchising books and provide the applicant a written notice thereon.
However, in practice, the process for registration of franchising activities can last longer as it takes time for competent authority to evaluate the documents and consult relevant state agencies on the related matter.
For ease of reference, hereinafter is an overview roadmap of licensing procedures for this service package as follows:
|Step 1||Step 2||Step 3||Step 4|
|Preparation of application dossier||Submission of application dossier to Ministry of Industry and Trade||Comments from relevant agencies (if any) |
|Notice of registration of franchising activities|
|Step 1||5-7 working days from receipt of necessary information and documents from Client|
|Step 2||01 working days from receipt of signed and sealed documents from Client|
|Step 3||1-2 weeks from submission of dossier to Ministry of Industry and Trade|
|Step 4||3-5 working days from receipt of comments from relevant competent authorities|
We believe that SBLAW is well-positioned to assist client in registration of franchising activities for following basis:
- SBLAW’s understanding of Franchising activities both on the legal aspect and practical aspect;
- SBLAW procession of a great professional team of franchising lawyer and franchising researchers;
- Highly skilled and experienced consultants and lawyers with high ability to assist client regarding to approach business goals in Vietnam.
- Experience of SBLAW in assisting client for registration of franchising activities and reviewing franchising contract in Vietnam.
Client Reference ofSBLAW:
– Acting for a German Fashion Investor to register franchising activities in Vietnam;
– Acting for a local company being franchisee to enter into a franchising contract with a foreign franchisor from Australia;
– Acting for a local company being franchisor to setup its franchising system in Vietnam.
SCOPE OF WORKS
Registration of franchising activities in Vietnam
Our services in this regard will include:
|SCOPE OF SERVICES|
|Preparation of the application documents |
|Licensing procedures: |
|Required documents |
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