The Ministry of Justice announced that the revised Notarization Law draft does not require notarization for real estate purchase deposit transactions, unless the parties voluntarily request it.
The draft revised Notarization Law, to be submitted to the National Assembly for approval next week, proposes removing six types of transactions from mandatory notarization, aiming to reduce procedures and costs for citizens and businesses.
many national assembly members have proposed narrowing the scope of transactions requiring mandatory notarization, particularly those of low value, to reduce inconvenience, cut costs, and enhance convenience for citizens.
