What conditions must foreign investors doing business in technical analysis and inspection services meet?
Foreign investors doing business in technical analysis and inspection services must meet the conditions specified in Point i, Clause 3, Article 4 Decree No. 163/2017/ND-CP as follows:
Conditions for logistics services business
1. Traders providing specific services belonging to logistics services specified in Article 3 of this Decree must meet the investment and business conditions prescribed by law for such services.
2. Traders that conduct part or all of logistics business activities by electronic means connected to the Internet, mobile telecommunications networks or other open networks, in addition to meeting the provisions of law on with specific services specified in Article 3 of this Decree, must also comply with regulations on e-commerce.
3. Conditions for foreign investors doing business in logistics services:
In addition to meeting the conditions and provisions in Clauses 1 and 2 of this Article, foreign investors belonging to countries and territories that are members of the World Trade Organization may provide logistics services under the following conditions. :
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i) Business case of technical analysis and inspection services
- For services provided to exercise the Government's authority, performed in the form of an enterprise with capital contribution from domestic investors after three years or in the form of an enterprise with no restrictions. capital contributed by foreign investors after five years from the date the private service provider is allowed to do business in those services.
- Do not provide inspection and certification services for means of transport.
- The implementation of technical analysis and inspection services is limited to geographical areas determined by competent authorities for national security and defense reasons.
4. In case a foreign investor is subject to international treaties with different regulations on logistics service business conditions, the investor can choose to apply the investment conditions specified in a in those treaties.
Thus, according to the above regulations, foreign investors providing technical analysis and inspection services must meet the conditions specified in Clauses 1 and 2 of this Article. Territories that are members of the World Trade Organization may provide logistics services under the following conditions:
- For services provided to exercise the Government's authority, performed in the form of an enterprise with capital contribution from domestic investors after three years or in the form of an enterprise with no restrictions. capital contributed by foreign investors after five years from the date the private service provider is allowed to do business in those services.
- Do not provide inspection and certification services for means of transport.
- The implementation of technical analysis and inspection services is limited to geographical areas determined by competent authorities for national security and defense reasons.