Abolish the requirement that real estate businesses have a capital of 20 billion dong.

From March 1, 2022, Decree No. 02/2022/ND-CP detailing the implementation of a number of articles of the Law on Business.

This new point of the Resolution is to remove the legal capital requirement of 20 billion dong, for the real estate businesses.

However, organizations and individuals dealing in real estate must establish an enterprise in accordance with the law on enterprises or cooperatives in accordance with the law on cooperatives with real estate business lines.

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