With the increasing demand for access to quality education, especially studying abroad, this factor has motivated many investors to participate in the field of foreign education consulting, becoming an important bridge between Vietnam and training sources in different countries around the world. This article will provide an overview of conditions for foreign investors to do business in the field of overseas education consulting in Vietnam.
According to Vietnam’s commitments in the WTO Schedule of Commitments, the study abroad consulting service is an activity of other educational services (CPC 929) and is no longer restricted to foreign investors. However, in addition to the market access conditions, overseas education consulting services (144) are a conditional business, requiring all enterprises to comply.
Enterprises providing study abroad consulting services have the right to perform the following activities:
Types of educational consulting businesses include:
The common form chosen by investors is to establish a foreign-invested enterprise or purchase a capital contribution from an existing overseas education consulting service business.
According to the new regulations, the Government has abolished the requirements related to the headquarters, facilities and equipment serving the business of studying abroad consulting services. However, the educational agents need to meet the following conditions for their staff:
Steps to set up a company
The establishment of a study abroad consulting company is usually done through the following steps:
Step 1: Apply for an investment registration certificate
Step 2: Apply for a business registration certificate
Step 3: Apply for a business registration certificate for overseas study consulting services
The article is based on applicable law at the time noted as above and may no longer be appropriate at the time the reader approaches this article as the applicable law has changed and the specific case that the reader wishes to apply. Therefore, the article is only for reference.