Navigating the Travel Business: A Guide to Establishing a Travel Company in Vietnam

The Vietnamese travel industry is booming, driven by rising disposable incomes and a growing desire for leisure travel. Establishing a travel company can be a lucrative venture for entrepreneurs in this thriving market. However, navigating the legal complexities and procedures can be daunting. This guide, from NT International Law Firm, provides a comprehensive overview of the conditions, procedures, and post-establishment requirements for launching a travel company in Vietnam.

Navigating the Travel Business: A Guide to Establishing a Travel Company in Vietnam

What is a Travel Company?

A travel company specializes in organizing, selling, and managing travel programs for tourists. It acts as a facilitator, connecting tourists with various services like transportation, accommodation, sightseeing activities, and local experiences.

Types of Travel Services:

• Domestic Travel and Tourism Business Services: Cater to travelers within Vietnam.
• International Travel and Tourism Business Services: Organize travel programs for both inbound and outbound tourists.

Conditions for Establishment:

General Conditions:

• Comply with all requirements for establishing a normal business as defined in the Enterprise Law 2020.
• Be of sound mind and have full capacity for civil acts.

Specific Conditions:

Domestic Travel:

• Business manager has a tourism-related degree or a Domestic Tourism Operations Certificate.
• Minimum bank deposit of VND 20 million.

International Travel:

• Business manager has a tourism-related degree or an International Tourism Operations Certificate.
• Minimum bank deposit depends on the service type:
  • VND 50 million for inbound tourism.
  • VND 100 million for outbound tourism.
• Charter capital must be equal to or greater than the deposit amount.

Procedures for Establishment:

Step 1: Company Registration:

• Documents: Application form, company rules, list of members/shareholders, valid ID/passport, business registration certificate/decision on capital contribution (if applicable), bank deposit certificate.
• Submission: Business Registration Office or online portal.
• Processing Time: 3 working days.
• Outcome: Business Registration Certificate with business code and tax code.

Step 2: Public Announcement:

• Publish business registration information on the National Information Portal.
• Pay applicable fees.

Step 3: Seal Engraving:

• Design and engrave a legal seal for the company.

Step 4: Travel Business License:

• Domestic License:
  • Apply with the provincial Department of Tourism.
  • Required documents: application form, certified Business Registration Certificate, bank deposit certificate, certified copies of manager’s diplomas/certificates, appointment decision/labor contract.
  • Processing Time: 10 days.
• International License:
  • Apply with the General Department of Tourism.
  • Required documents: application form, certified Business Registration/Investment Registration Certificate, bank deposit certificate, certified copies of manager’s diplomas/certificates, appointment decision/labor contract.
  • Processing Time: 10 days.

Post-Establishment Requirements:

• Hang company sign at headquarters.
• Submit tax calculation method application.
• Open a business bank account and register with tax authorities.
• Obtain an electronic digital signature for online tax payments.
• Print and order invoices.
• Declare and pay license tax.
• Contribute capital in full within 90 days of registration.

Seeking Legal Guidance:

Navigating the legal complexities of establishing a travel company can be challenging. Consulting with a legal professional specializing in Vietnamese business law is highly recommended. They can offer valuable advice on:

• Legal compliance and regulatory requirements.
• Obtaining licenses and permits.
• Drafting contracts and agreements.
• Managing risk and liability.
• Tax implications and financial planning.

By understanding the legal framework, following proper procedures, and seeking expert advice, entrepreneurs can navigate the path to establishing a successful travel business in Vietnam.

NT International Law Firm is Here to Help

NT International Law Firm has addressed the question of how to open your own travel business. If you have any further questions or concerns regarding corporate law, please contact our law firm immediately for expert legal advice.

If you require any legal assistance, please feel free to reach out to us via phone at 090 252 4567 or through email: info@ntpartnerlawfirm.com. At NT INTERNATIONAL LAW FIRM, our team is committed to offering you prompt and personalized advice.

You also might be interested in:

• The 2015 Civil Code in English
• The 2020 Law On Enterprises in English