Consulting on the most standard bonded warehouse business conditions

Article overview

Conditions for bonded warehouse business play an important role in ensuring compliance with legal regulations and optimizing logistics processes. Understanding the requirements for registration, warehouse management and customs procedures not only helps businesses save costs but also minimizes risks in business operations. In the following article, Long Phan will provide consulting services on bonded warehouse business conditions, helping businesses avoid unnecessary errors and create opportunities to expand the market.

Current bonded warehouse business conditions
Current bonded warehouse business conditions

What is a bonded warehouse? Is bonded warehouse business a conditional profession?

According to Clause 10, Article 4 of the Law on Customs 2014, a bonded warehouse is a warehouse or storage area for goods that have gone through customs procedures and are sent to wait for export; Goods sent from abroad to wait for export abroad or import into Vietnam.

At the same time, based on serial number 23, Appendix IV of the Law on Investment 2020, the bonded warehouse business is a conditional industry.

Bonded warehouse business conditions in 2024

Pursuant to Article 10 of Decree 68/2016/ND-CP (amended by Clause 6, Article 1 of Decree 67/2020/ND-CP), the conditions for bonded warehouse business are:

  1. Location: The area requested to be recognized as a bonded warehouse must be in the areas specified in Clause 1, Article 62 of the Law on Customs 2014, including border gate economic zones or areas approved by competent authorities in the Law on Customs. Logistics system development planning.
  2. Barrier: Warehouses and bonded yards must be surrounded by fences to ensure inspection and supervision by customs authorities. However, warehouses located in border gates or port areas with separating fences are not required.
  3. Required area:
  • Warehouse at the port: Bonded warehouses in seaport areas, inland waterway ports, inland ports, international airports or international railway stations must have a minimum area of ​​1,000 m² for storage.
  • Specialized warehouse: Specialized bonded warehouse also needs to have a minimum warehouse area of ​​1,000 m² or a volume of at least 1,000 m³.
  • Warehouse in industrial park: Must have a minimum land area of ​​4,000 m² (including warehouses, yards, and support structures), of which the warehouse must be at least 1,000 m².
  • Other warehouses: The bonded warehouses that do not fall into the above cases need to have a minimum area of ​​5,000 m² (including warehouses, yards and support structures), with warehouses also having to have a minimum area of ​​1,000 m².
  • Bonded yard: Bonded yard needs to have a minimum area of ​​10,000 m², no warehouse area is required.
  1. Management software: It is necessary to have a software system that meets the requirements of managing, storing and exporting data online to customs authorities about goods information, including name, type, quantity, status and time of goods being brought in, taken out and stored according to each customs declaration.
  2. Surveillance system: Bonded warehouses must be equipped with a camera system capable of connecting online with customs authorities. This system must be able to observe every location in the bonded warehouse, including entrance gates, doors and inside the warehouse. For refrigerated warehouses, there is no requirement to install cameras inside. Image data needs to be stored for at least 6 months and the camera must operate continuously 24/7.
The camera system is also a condition of foreign warehouse business
The camera system is also a condition of foreign warehouse business

Procedures for registering a bonded warehouse business

Prepared documents

Pursuant to Article 11 of Decree 68/2016/ND-CP (amended by Clause 7, Article 1 of Decree 67/2020/ND-CP), the bonded warehouse recognition dossier includes:

  1. 01 written request to follow Model number 01.
  2. 01 copy of business documents: including business registration certificate, investment certificate or other documents as prescribed.
  3. Design diagram: There should be a design diagram of the warehouse and yard area, clearly showing:
  • The boundary line separates the outside
  • Location of warehouses
  • Location of camera system installation
  • Internal transportation system
  • Protected area
  • Warehouse office and workplace of customs authorities
  • Submit 01 photocopy.
  1. 01 photocopy of Fire Prevention and Fighting Certificate.
Prepare documents to register bonded warehouse business
Prepare documents to register bonded warehouse business

Implementation steps

Pursuant to Article 12 of Decree 68/2016/ND-CP, the procedure for recognizing bonded warehouses is:

Step 1: Submit application:

Enterprises submit documents requesting recognition by post, directly or via the electronic system of the customs authority to the General Department of Customs.

Step 2: Check your profile:

  • Within 10 working days from the date of receiving complete documents, the General Department of Customs will check the documents and the actual warehouse and yard.
  • After the inspection is completed, the customs authority and the enterprise sign a record to record the results.

Step 3: Processing documents:

  • Within 5 working days after completing the inspection, the General Director of the General Department of Customs will issue a decision to recognize the bonded warehouse or send a written notification to the business if the conditions have not been met.
  • If the dossier is not valid, within 5 working days of receiving the dossier, the General Department of Customs will notify and request the business to supplement.
  • If the enterprise does not respond within 30 days of the notice, the General Department of Customs has the right to cancel the dossier.

What does the bonded warehouse business consulting service at Long Phan include?

Currently, Long Phan has bonded warehouse business consulting services. Our services will include:

  • Consulting on legal regulations related to bonded warehouses, including accreditation conditions and licensing procedures.
  • Support in drafting and completing documents and necessary procedures to register and apply for a bonded warehouse license.
  • Support customers in submitting applications and working with competent authorities.
  • Provide information on legal regulations related to fire safety and environmental protection for bonded warehouses.
  • Consulting on license registration and other related procedures.
  • Advise on resolution measures when disputes arise.

Why should you choose Long Phan as a consulting unit on bonded warehouse business conditions?

Compliance with bonded warehouse regulations is becoming increasingly important. Long Phan is proud to be a professional consulting unit, providing optimal and effective solutions. Below are the reasons why customers should choose us as their partner.

  • Extensive experience: Long Phan’s team of consultants has many years of experience in the field of bonded warehouses, having supported many businesses through complex processes and collecting necessary information.
  • Understanding legal regulations: We always update and understand the relevant regulations, ensuring accurate advice to avoid errors that can lead to delays in licensing.
  • Comprehensive service: Providing consulting services from documentation to inspection process, we accompany businesses in every step of the process.
  • Dedicated support: Always ready to support and answer all customer questions, we are committed to accompanying you until the procedure is completed.
  • Optimal solutions: With in-depth knowledge, we offer effective solutions, helping businesses comply with regulations and optimize operating costs.

Consulting on the most standard bonded warehouse business conditions is a key factor in helping businesses comply with legal regulations and optimize logistics activities. With support from experienced consultants, Long Phan will help customers overcome legal barriers and achieve business goals effectively. Please contact Long Phan via the hotline: 0906735386 to receive professional, dedicated advice and support.