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- 07 / 07 / 2019 -
Small and medium enterprises are supported with legal consultancy costs

On June 24, 2019, the Government issued Decree 55/2019 / ND-CP on legal support for small and medium enterprises. This Decree takes effect from August 16, 2019.
Accordingly, small and medium enterprises are supported with legal consultancy costs with the following levels:
– Microenterprises are supported 100% of legal consultancy costs according to the written agreement on provision of legal consultancy services between legal consultants and enterprises, but not exceeding VND 3 million / year;
– Small businesses are supported up to 30% of legal consultancy costs according to the written agreement on provision of legal consultancy services between legal consultants and enterprises, but not exceeding VND 5 million / year;
– Enterprises have been supported up to 10% of legal consultancy costs according to the written agreement on providing legal consultancy services between legal consultants and enterprises, but not exceeding VND 10 million / year;
– Business households converted to small and medium-sized enterprises, small and medium enterprises with creative start-ups, small and medium-sized enterprises join industry-linked groups, value chains are supported with legal consultancy expenses according to regulations. in Chapter IV of Decree No. 39/2018 / ND-CP detailing a number of articles of the Law on Small and Medium Enterprises Support or legal documents to amend, supplement or replace this Decree.
In cases where the ministry or ministerial-level agency agrees to support it, the small business has just submitted a dossier requesting payment of legal consultancy expenses, support problems. Payment records include:
– Legal advisory documents, including 01 full version and 01 copy has removed information about business secrets of the enterprise;
– A written request for payment of legal consultancy fees certified by a consultant and an enterprise, including a reference to the number and date of the written consent to support, the beneficiary’s name and account number, bank beneficiary’s goods;
– Finance bill.
In conclusion, Decree 55/2019 / ND-CP takes effect from August 16, 2019. Accordingly, the above-mentioned legal support policy helps small and medium enterprises improve their knowledge, consciousness and habit of complying with laws, limit risks and legal obstacles in business activities of enterprises. career, thereby enhancing the competitiveness of enterprises and the effectiveness of law enforcement organization.