Decree No: 02/2022/ND-CP dated January 6, 2022 of the Government

On January 6, 2022, the Government issued Decree No. 02/2022/ND-CP detailing the implementation of a number of articles of the Law on Real Estate Business.

nghị định

Accordingly, there are some changes in the conditions of organizations and individuals doing real estate business. Specifically, organizations and individuals trading real estate must meet the following conditions:

- Must establish an enterprise in accordance with the law on enterprises or a cooperative in accordance with the law on cooperatives, having a business in real estate;

- Must be publicized on the enterprise's website, at the headquarters of the Project Management Board (for real estate investment projects), at the real estate trading floor (for business cases). business through the real estate exchange) information about the business, information about real estate put into the business,... (New content)

- Only trade in real estate that fully meets the conditions specified in Article 9, Article 55 of the Law on Real Estate Business. (New content)

In case an investor is selected to be the investor of a real estate project following the law, such investor must have an equity capital of not less than 20% of the total investment capital for a project with a land-use scale is less than 20 hectares, not less than 15% of the total investment capital, for projects with the land use scale of 20 hectares or more.

(Currently, organizations and individuals doing real estate business must have a legal capital not lower than 20 billion VND).

Decree 02/2022/ND-CP takes effect from March 1, 2022, replacing Decree 76/2015/ND-CP.

Bài viết liên quan

Instructions to see the valuation of land by location
If you know the instructions on how to see the price of land by location in the land price list of…
Value-added tax is expected to be reduced to 8% from the beginning of February
In the draft Decree detailing the implementation of tax exemption and reduction policies according…
The bank must determine the net loss limit for interest rate derivatives
The State Bank of Vietnam has just issued Circular No. 25/2021/TT-NHNN (Circular 25) amending and…
Employees who have to return home before the deadline are supported up to 20 million VND
Deputy Prime Minister Le Minh Khai signed Decision No. 40/2021/QD-TTg on the Fund to support…
Expenses for downsizing in public non-business units
In Circular No. 117/2021/TT-BTC dated December 22, 2021, amending and supplementing a number of…