FREQUENTLY LEGAL QUESTIONS ABOUT GOLD BUSINESS

  1. How should my business want to buy and sell gold jewelry?

To buy and sell gold jewelry, your business must meet 2 conditions under Article 8 of Decree No. 24/2012/ND-CP on management of gold business, specifically:

– Having registered the business of buying and selling fine art jewelry;

Having a location, facilities and necessary equipment for the purchase and sale of gold jewelry and fine art.

  1. My business wants to import raw gold from abroad and produce gold jewelry for domestic sale, what are the conditions?

The production of gold jewelry and the import of raw gold are conditional business activities and must be licensed by the State Bank in accordance with the provisions of Decree No. 24/2012/ND-CP on management. gold business.

  1. My business is licensed by the State Bank to import raw gold for processing, production and re-export. So does my business have the right to produce and sell gold jewelry in the country?

Your business is not allowed to produce and sell gold jewelry in the country because it is outside the scope of the license that has been granted. If your business wants to do this business, it must apply for a license from the State Bank.

 

Post Author: Nguyen Thi Tam