I.  Conditions on issuance of Licence for establishment of branches

1. Being recognized as legal business by countries or territories (jointly known as countries) of business registration;

2. Having operated for no less than 01 year since legal establishment or valid business registration in the countries of origin;

* Remarks: Licence for establishment of branhes expires in five years but no more than expiration date of business registration or equal documents of foreign businesses in case foreign legislation establishes such a date.

II. Application dossier for Licence for establishment of branches

 Application for establishment of branch in accordance with forms issued by the Ministry of Trade. The Application must be signed by legal representative of the foreign business;

b. Copy Corporate Charter of the branch, specifying scope of authorization of the branch’s head;

c. Copy of the Business Registration Certificate or other alternative documnets certified by competent agencies of the country where the business was established. If the Business Registration Certificate or alternative documents have an expiry date , the remaining time must be at least three years;

d. Audited financial reports or other alternative papers proving real existence and operation of the foreign business in the latest fiscal year;