Real estate activity
08:15 - 12/10/2021
Real estate activity
Addition of the business line of real estate business for enterprises
Nowadays, real estate business provides investment business owners a massive profit. However, an enterprise which wants to do real estate business needs to carry out the procedures of addition of the real estate business line and must meet conditions according to the regulations of laws. Hnlaw & Partners would like to guide Customers as follows:
Real estate activity
Legal bases
- Law on Enterprises 2020;
- Law on Investment 2020;
- Law on Real Estate Business 2014
- Decree 01/2021/ND-CP on enterprise registration
Contents
Dossier for addition of the real estate business line
To carry out the addition of real estate business line, firstly we must know clearly about such business line’s details, specific codes for the extract registration and applying the right code in the dossier of addition of real estate business line
Business code that an enterprise applies for the addition of real estate business line:
Business line | Four-level code |
Doing business on real estate, right on land use which belongs to the owner, owner of use or leasing | 6810 |
Real estate consult, broker and auction real estate, auction the right of land use | 6820 |
Dossier for the addition of real estate business line (Article 56 Decree 01/2021/ND-CP)
- A notification of changes to enterprise registration information which is signed by the enterprise’s legal representative;
- The resolution or decision and the copy of the minutes of meeting of the Board of Members of the multi-member limited liability company or partnership, or of the General Meeting of Shareholders of the joint-stock company, or the resolution or decision of the owner of the single-member limited liability company on change of business lines.
- Power of attorney for individuals to submit and receive results (if any).
Conditions of real estate business
It should be noted that the real estate business is a conditional business. Conditions for enterprises to do business in real estate are prescribed in the Law on Real Estate Business 2014. Specifically:
+ Conditions on the registered charter capital
According to Clause 1, Article 10 of the Law on Real Estate Business 2014, organizations and individuals doing real estate business must establish enterprises or cooperate and have legal capital of not less than VND 20 billion.
If an enterprise supplies a real estate business that requires a charter capital of less than VND 20 billion, it is required to carry out additional procedures to increase its charter capital to VND 20 billion or more.
+ Conditions on the practicing certificates relating to real estate business
To the real estate broker:
After having completed the supplement of the business lines, if the company wants to active the real estate broker, it must ensure that there are two people in the company having certificate on real estate broker according to Article 62 Law on Real Estate Business 2014.
To the business line of Services on Real Estate Exchange:
Enterprises doing business on Services on Real Estate Exchange must have at least 02 people which having the practicing certificate of real estate broker; the managers, operators of the real estate exchange must have the practicing certificate of real estate broker according to Article 69 Law on Real Estate Business 2014.
Note: A person which has certificate on real estate broker can be the owner of the company or an employee of the company who is appointed to the manager position.
Above are contents consult on “Addition of the real estate business for enterprises” of Hnlaw & Partners. Customer who has any question or demand to use legal services please contact directly to the firm for more details and best support.
For more details please contact:
HNLAW & PARTNERS LAW FIRM
Address: DBS Building, N028, Lot 31, Commercial Services and Housing Area in Ha Tri, Ha Tri Ward, Ha Dong, Hanoi.
Email: tuvan.hnlaw@gmail.com
Hotline: 0912.918.296
