After a period of slowdown, the real estate market of Vietnam is gradually operating again in a more positive and vibrant way. The change of legal regulations such as Bidding Law, Construction Law, Investment Law has created conditions for foreign investors to participate in Vietnam construction projects. Foreign contractors may participate as a main contractor, joint venture contractor or subcontractor. The only requirement is to comply with construction operating license procedures for foreign contractors in accordance with Vietnamese law.
From August 15, 2016, foreign contractors can only build Vietnamese construction after being granted construction operating license by Vietnamese competent state agencies. In order to be granted this license, foreign contractors must also meet certain conditions during the implementation of construction projects in Vietnam.
1. Conditions to obtain construction operating license in Vietnam
Under Vietnam Law, in order to obtain a contractor permit, you must satisfy the following conditions:
2. Applying for a construction permits
The application file for construction operating license for foreign contractors has two cases: an application for a construction operating license for a foreign contractor and the application for construction operating license for foreign contractors is individual.
Records for foreign contractors are organizations
The application is made in accordance with Article 4 of Circular 14/2016 / TT-BXD, including the following documents:
Applications for foreign contractors are personal
The application includes the following documents:
The entire application file must be expressed in Vietnamese, for operating licenses and practice certificates issued by foreign competent agencies, it must be consular legalized. Remaining documents in other foreign languages must be translated into Vietnamese and notarized and authenticated.
b. Time to apply for a license
Applications for construction operating licenses for foreign contractors will be processed within 20-25 business days from the date of receipt of the valid documents of the contractor.
c. Place to submit
Depending on the grade/scale of the project, competent authorities are classified into two categories:
The competent agency will grant a permit within 30 days after receiving a complete application. In the case of separate houses, it will take 15 working days. Keep in mind that project construction must begin within 12 months of receiving the license.
3. Service of obtaining construction operation licenses for foreign contractors
Whether you are already investing in Vietnam or want to expand your operations here, the country offers profitable opportunities in its construction industry. Apolo Lawyers is always ready to accompany, support procedures for applying for construction permits for domestic and foreign entrepreneurs. Apolo Lawyers is a reliable law firm with broad experience in this expertise, we believe to provide the client with a smooth process to obtain construction operating license in the shortest time.
More information can be found on the website: www.apolo.com.vn