With increasing interest in health and physique nowadays, many foreign investors want to invest in the fitness industry in Vietnam.
The process to open a company in the fitness industry is as follows:
Contents
(For foreign investors only)
Fitness business has not been committed in Vietnam’s WTO service commitments. Therefore, when conducting a project in Vietnam, investors must send a set of documents to the Ministry of Planning and Investment, the Ministry of Culture, Sports and Tourism for opinions and approval on fitness business with foreign investment.
With the approval of the Ministry, the foreign investor shall carry out the procedures for granting an investment registration certificate.
Time to carry out procedures for issuance of investment registration certificates: 10-15 working days
Time: 03 – 05 working days
Conditions to be granted a certificate of eligibility for sports business:
Having a team of professional officers and employees suitable to the contents of activities;
There are facilities and equipment to meet the requirements of sports activities
3.1. Professional staff requirements:
The professional staff of a sports business enterprise includes:
1. Sports training instructors must meet one of the following conditions:
2. Lifeguards.
3. Medical staff.
3.2. Facilities requirements:
1. Practice location
The rules include the following main contents: Training time, participants in exercise, subjects not allowed to participate in training, measures to ensure safety during exercise.
2. Training equipment must comply with the provisions of Circular 10/2018 of the Ministry of Culture, Sports and Tourism.
Above is HT’s advice on setting up a company in the gym business.
In order to save time to find out the procedure, fill out the form, notarize, waiting for the application to be submitted, you can contact HTLaw for Set up a gym center service.
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