Are you considering launching a travel company in Vietnam as a foreign investor? Vietnam’s diverse landscapes, rich culture, and bustling cities make it an attractive destination for tourists worldwide. This guide explores the opportunities available to foreign investors in the Vietnamese tourism industry and outlines the steps involved in establishing a travel company.
Services Offered by Foreign-Invested Travel Companies in Vietnam
Foreign-invested travel companies in Vietnam are permitted to organize international tours for inbound tourists, catering to the growing demand for travel experiences in the country. From exploring the historic streets of Hanoi to cruising through the breathtaking scenery of Ha Long Bay, these companies can curate unforgettable experiences for travelers.
How to Start a Travel Company in Vietnam as a Foreigner
Setting up a travel company in Vietnam requires navigating through various legal procedures. Here’s a simplified overview of the process:
1. Registering a Legal Entity: Foreign investors must establish a joint venture with a Vietnamese partner to register a legal entity for their travel company, as 100% foreign ownership is not allowed in the tourism sector.
2. Application for Investment Registration Certificate (IRC): Obtain an Investment Registration Certificate from the Department of Planning and Investment, which recognizes foreign investment in Vietnam.
3. Application for Business Registration Certificate (BRC): Apply for a Business Registration Certificate from the Department of Planning and Investment to officially establish the business as a legal entity in Vietnam.
4. Obtaining a Tourism License from VNAT: Secure a tourism license from the Vietnam National Administration of Tourism (VNAT) to provide international tour services. This license is essential for organizing and selling tourism packages, arranging accommodations, transportation, and other related activities.
Opportunities for Foreign Investors
Vietnam’s tourism industry is thriving, with the country being recognized as “Asia’s Leading Destination 2022.” Foreign investors can explore various sectors within the tourism industry, including:
– Adventure Tourism: Offering adrenaline-pumping activities such as trekking, wildlife spotting, and kayaking.
– Wellness and Health Tourism: Establishing wellness retreats and offering traditional Vietnamese therapies.
– Cultural Tourism: Curating experiences that highlight Vietnam’s rich cultural heritage and UNESCO World Heritage Sites.
Starting a Travel Business with Warren B
Navigating the complexities of establishing a business in Vietnam can be daunting, but Warren B simplifies the process for foreign investors. From market research to business setup, Warren B offers comprehensive services to streamline your journey into Vietnam’s tourism sector. Whether you’re traveling to Vietnam or seeking remote assistance, Warren B handles all aspects of your business setup, ensuring a seamless experience.
Embark on your business journey in Vietnam’s tourism industry with Warren B today and unlock endless possibilities. Reach out to us to get started and make your mark in one of Southeast Asia’s most exciting destinations.