License for Game Club for foreigners

The new decree does not have many fundamental differences compared to the previous decree and regulations.

There are some minor adjustments as follows:

• The charter capital of the organization that wants to operate a prize-winning electronic game for foreigners increases from 200 billion USD (equivalent to 9.5 million USD) to 500 billion USD (over 21 million USD).
• Expanding the number of machines that can be ordered to create a business base based on the number of registered rooms to the ratio of 5 rooms/1 machine.

Other requirements remain unchanged. Even the 60-day permit response time limit remains the same. However, we all understand it as a theoretical number.

More details please take a look at here.

 

Procedure to get a license for Gaming Club for Foreigners is long and coistly process in Vietnam. You need to go throught and get so many permits from almost 7 government agencies (Minister level). In some case it may take a year or longer if you don't have a right local partner or consultant.

 

Operating Game Club for foreigners is called “Trading in prize-winning electronic games” is a conditional business, subject to strict management from competent state agencies. In order to be allowed to trade in prize-winning electronic games for foreigners, enterprises need to apply for certificates of eligibility for prize-winning electronic game business.

 

 

In order to be granted a prize for electronic game business, an enterprise must meet the following conditions:

- Enterprises may only be considered for granting Certificates of eligibility for prize-winning electronic game business when they are licensed by competent agencies to establish and operate tourist accommodation establishments and have registered their business. Prize-winning electronic games according to the Law on Investment and the Law on Enterprises.
- Enterprises with tourist accommodation establishments rated at 5 stars or high class or higher are ranked by competent state management agencies according to the provisions of the Tourism Law and guiding documents.
- Business locations must be isolated from other areas of business operation of the enterprise and fully meet the prescribed conditions.
- Having a good manager and executive; have at least a university degree or higher; have at least 03 years of experience in managing prize-winning electronic game business activities and not prohibited from establishing and managing enterprises
- Meeting all security and order conditions
- Having an effective prize-winning electronic game business plan and ensuring the maintenance of social security, order and safety according to law provisions.

 

Note: From February 15, 2017, Decree 175/2016 / ND-CP amended and supplemented a number of articles in Decree 86/2013 / ND-CP regulating the business of prize-winning games for foreigners who have effect on regulations on charter capital, in particular, enterprises must have a minimum charter capital of VND 200 billion to be granted with Certificates of eligibility for playing electronic games with prizes for foreigners.

 

- An application for a certificate of business eligibility;
- Certificate of enterprise registration in which the business of prize-winning electronic games business;
- The decision on ranking of a tourist accommodation establishment by a competent state management agency;
- Documents proving the number of accommodations at the tourist accommodation establishment;
- The layout of Business Spots;
- A copy of the certificate of satisfaction of security and order conditions for a tourist accommodation establishment issued by a competent police office;
- Draft internal management regulations, organization Internal control department, internal regulations on money laundering prevention, and Game Rules;
- Business plan;
- List, curriculum vitae, professional qualifications of executive managers.
Number of files: 01 set

 

Competent authority: Ministry of Finance

 

Processing time: 60 days from the date of receipt of complete and valid dossiers, the Ministry of Finance shall consider and grant Business Qualified License. In case of refusal in writing, clearly state the reason.

 

For more details and consulting, please contact us.