Hnlaw & Partners Law Firm would like to send our dear clients necessary procedures to establish a foreign-owned company in Vietnam.
There are two ways to establish a foreign-owned company in Vietnam such as:
Way 1: Direct investment:
In November 2014, Vietnam adopted a new Investment Law with breakthrough changes aimed at improving the investment environment.
Under the new Investment Law, businesses must apply for an investment license when establishing a new company, and update their business license when they: 1) make significant changes to an ongoing enterprise, such as increasing investment capital; 2) restructure the form of investment or investment ratios between foreign and domestic partners, 3) change the foreign management structure, or 4) add new business activities. The law also requires foreign and domestic investors to be treated the same in cases of nationalization and confiscation.
Firstly, you must apply for Investment Registration Certificate. Then, if you are approved by Department of Planning and Investment for Investment Registration Certificate, you must apply for Business Registration Certificate and making company seals.
Way 2: Indirect investment:
You must assign a Vietnamese representative to set up a 100% Vietnam-owned capital in Vietnam and you shall be granted with Business Registration Certificate. After that, you shall contribute capital to the enterprise. After all, the investor makes approval procedures for capital contribution to the Department of Planning and Investment. The fees for implementation of this procedure is 1,700 USD.
The implementation time: 20- 25 working days
Documents that you need to provide to us:
- Banks’ balance confirmation
For more details, please contact Hnlaw & Partners Law Firm at (+84)912918296