Headlines 20/09/2019 09:07 SA

Business sectors and industries require legal capital

Ms.Thụy Hân

Legal capital is one of the prerequisites for several business sectors before commencement. In this article, THƯ VIỆN PHÁP LUẬT would like to help you tabulate several legal capital regulations imposed on the following business sectors and industries.

No.

Sectors and industries

Legal bases

Required legal capital

Regulated subjects 

1

Security services

Article 11 in Decree No.96/2016/ND-CP

USD 1,000,000

Foreign security service providers contributing capital to Vietnamese security service providers

2

Pyramid selling

Article 7 in Decree No.40/2018/ND-CP

10 billion dong

 

3

Commodity exchanges

Article 8 in Decree No.51/2018/ND-CP

150 billion dong

 

Article 17 in Decree No.51/2018/ND-CP

5 billion dong

Brokers

Article 21 in Decree No.51/2018/ND-CP

75 billion dong

Traders

4

Temporary import and re-export of frozen food products

Article 23 in Decree No.68/2018/ND-CP

A margin worth 10 billion dong paid at a credit institution operating within a city or province where an importer or exporter installs their warehouses or goods storage yards

 

5

Temporary import and re-export of commodities subject to the special consumption tax

Article 24 in Decree No.68/2018/ND-CP

A margin worth 7 billion dong paid at a credit institution within a city or province where an exporter or importer is granted Business Registration Certificate or Enterprise Registration Certificate

 

8

Temporary import and re-export of used commodities

Article 25 in Decree No.68/2018/ND-CP

A margin worth 7 billion dong paid at a credit institution within a city or province where an exporter or importer is granted Business Registration Certificate or Enterprise Registration Certificate

 

9

Pedagogy post-secondary schools

Article 78 in Decree No.46/2017/ND-CP

Fund for construction of a school is financed by legitimate capital sources, exclusive of land value, and must be at least 50 billion dong

 

10

Pedagogy colleges

Article 78 in Decree No.46/2017/ND-CP

Fund for construction of a school is financed by legitimate capital sources, exclusive of land value, and must be at least 100 billion dong

 

11

Private universities

Article 87 in Decree No.46/2017/ND-CP

Above 500 billion dong

 

12

Outsourcing services

Article 05 in Decree No.29/2019/ND-CP

A margin worth 2 billion dong deposited at commercial banks or foreign bank branches legally established and operated in Vietnam

 

13

Employment services

Article 10 in Decree No.52/2014/ND-CP

A margin worth 300 million dong deposited at commercial banks where enterprises open their primary accounts

 

14

Real estate business

Article 03 in Decree No.76/2015/ND-CP

20 billion dong

 

15

Bailiff offices

Article 18 in Decree No.61/2009/ND-CP

A margin worth 100 million dong for each bailiff or holding professional liability insurance policies Margins are provided at credit institutions

 

16

Film production

Article 03 in Decree No.142/2018/ND-CP

200 million dong

 

17

Travel services

Article 14 in Decree No.168/2017/ND-CP

100 million dong

Domestic travel services

250 million dong

Inbound travel services for international tourists entering into Vietnam

500 million dong

Outbound travel services for tourists visiting foreign countries

500 million dong

Mixed-tour services for international tourists entering into Vietnam and tourists visiting foreign countries

18

Debt collection services

Article 13 in Decree No.104/2007/ND-CP

2 billion dong

 

19

Insurance limited liability companies

Article 7 in Decree No.73/2016/ND-CP

Total required asset equivalent to USD 2 billion in the year preceding the year of submission of application for grant of Business License

Foreign organizations

 

 

Total required asset equivalent to VND 2,000 billion in the year preceding the year of submission of application for grant of Business License

Vietnamese organizations

20

Non-life and health insurance business

Article 10 in Decree No.73/2016/ND-CP

300 billion dong

 

21

Non-life, health and aviation or satellite insurance business

350 billion dong

 

22

Non-life, health and aviation and satellite insurance business

400 billion dong

 

23

Life insurance (except unit-linked insurance or retirement insurance) and health insurance business

Article 10 in Decree No.73/2016/ND-CP

600 billion dong

 

24

Life insurance and health insurance and unit-linked insurance or retirement insurance business

800 billion dong

 

25

Life insurance and health insurance, or unit-linked insurance or retirement insurance business

1,000 billion dong

 

26

Health insurance enterprises

Article 10 in Decree No.73/2016/ND-CP

300 billion dong

 

27

Non-life reinsurance business or both non-life and health reinsurance business

Article 10 in Decree No.73/2016/ND-CP

400 billion dong

 

28

Life reinsurance business or both life and health reinsurance business

700 billion dong

 

29

Life, non-life and health  reinsurance business

1,100 billion dong

 

30

Root insurance brokerage and reinsurance brokerage business

Article 10 in Decree No.73/2016/ND-CP

4 billion dong

 

31

Root insurance brokerage and reinsurance brokerage business

8 billion dong

 

32

Air transport business

Article 8 in Decree No.92/2016/ND-CP

700 billion dong

Operating up to 10 airplanes by enterprises providing international air transport services

33

300 billion dong

Operating up to 10 airplanes by enterprises providing domestic air transport services

34

Article 8 in Decree No.92/2016/ND-CP

1,000 billion dong

Operating between 10 and 30 airplanes by enterprises providing international air transport services

35

600 billion dong

Operating between 11 and 30 airplanes by enterprises providing domestic air transport services

36

Article 8 in Decree No.92/2016/ND-CP

1,300 billion dong

Operating more than 30 airplanes by enterprises providing international air transport services

37

700 billion dong

Operating more than 30 airplanes by enterprises providing domestic air transport services

38

Airport business

Article 14 in Decree No.92/2016/ND-CP

100 billion dong

Domestic airports

39

200 billion dong

International airports

40

Passenger terminal business

Article 17 in Decree No.92/2016/ND-CP

30 billion dong

 

41

Passenger terminal and commodity storage facility service business

30 billion dong

 

42

Petrol supply service business

30 billion dong

 

43

Ocean-going ship demolition enterprises

Article 04 in Decree No.147/2018/ND-CP

50 billion dong

 

44

Credit information services

Article 01 in Decree No.57/2016/ND-CP

30 billion dong

 

45

Debt broker and debt trading consultancy service business

Article 06 in Decree No.69/2016/ND-CP

5 billion dong

 

46

Debt trading services

Article 07 in Decree No.69/2016/ND-CP

100 billion dong

 

47

Debt exchange service business

Article 08 in Decree No.69/2016/ND-CP

500 billion dong

 

48

Auditing of public interest units

Article 05 in Decree No.84/2016/ND-CP

6 billion dong

 

49

Securities brokerage services

Article 71 in Decree No.58/2012/ND-CP

25 billion dong

 

50

Proprietary trading services

50 billion dong

 

51

Securities underwriting

165 billion dong

 

52

Securities investment consultancy

10 billion dong

 

53

Fund management companies in Vietnam and branches of foreign fund management companies in Vietnam

Article 71 in Decree No.58/2012/ND-CP

25 billion dong

 

54

Public investment companies

Article 79 in Decree No.58/2012/ND-CP

50 billion dong

 

55

Private investment companies

Article 87 in Decree No.58/2012/ND-CP

50 billion dong

 

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