ENTERPRISE PROVIDING EMPLOYMENT SERVICE MUST MAKE A DEPOSIT OF VND 300 MILLION
The Decree No. 23/2021/ND-CP on elaborating Clause 3 Article 37 and Article 39 of the Law on Employment on employment service centers and employment service enterprises is promulgated by the Government on March 19, 2021.
Accordingly, one of conditions for granting the employment service license is that the enterprise has made a deposit of VND 300,000,000. In addition, the enterprise must have a location for its headquarter or branch to organize employment service activities, which is owned by the enterprise or is rented stably by the enterprise under a contract of 03 years (36 months) or more. The legal representative of an enterprise providing employment service must satisfy the conditions such as: Being the enterprise manager as specified; Having university degree or higher or directly worked as a professional worker or managed employment services or labor supply for 02 years or more, etc.
The maximum term of the employment service license is 60 months. The term of the re-grant license shall be equal to the remaining term of the previously granted license. The license can be extended many times. Application dossier for a license includes: The enterprise’s application for a license; 01 certified true copy from the original or a copy, presented with the original for comparison of the Certificate of ownership or the contract of renting place; The Certificate of deposit for employment service activities; etc.
This Decree takes effect on June 01, 2021.
