Additional lines of business registration ...

Question:

Company shares are currently operating in the construction sector, now we want to add lines of business registration, namely "the business of real estate services." Please ask specific conditions to register this service?

  Reply:

Article 4 of the Law on Real Estate Business in 2007 clearly defined business property including business and real estate business real estate services; K2 - Article 8 of the Law on Real Estate Business contains provisions on conditions for organizations and individuals operating in the real estate business: Organizations and individuals when the real estate business to establish business or partnership social, legal capital requirements and registration of real estate business in accordance with law; and ND153 / 2007 / ND-CP dated 15-10-2007 Implementation Guide Business Property Law stipulated that the legal capital: 6 billion.

However, in the implementation process, the registration of business for this industry are confused. To properly understand and agree on the matter, dated 22-9-2008, the Ministry of Construction Document No. 1917 / BXD-HDXD send DPI City HN answer about business conditions for service industries real estate is:

- In case of corporate real estate business, they must meet the conditions specified in Clause 1, Article 8 of the Law on Real Estate Business and paragraph 1 of Article 3 of Decree No. 153/2007 / ND-CP 15-10- 2007 of the Government detailing and guiding the implementation of the Law on real Estate business must have legal capital of Vietnam 6 billion;

- Where business enterprise real estate services to meet the conditions specified in Clause 2, Clause 3 of Article 8 of the Law on real estate business, in which there are no rules on legal capital conditions.

So now the case of business you want to register this industry will not need to have capital requirements. However, when the business of real estate services still have a practicing certificate as follows: "Organizations and individuals dealing in real estate brokerage services must have at least one certified estate broker real; While business valuation services real estate must have at least two certified valuation of real estate; While business services exchanges of real estate must have at least two certified real estate broker, if any service real estate valuation, it must have at least two certified real estate valuation . Individual business brokerage services to independent real estate business registration in accordance with law and certified real estate broker ".