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SETTING UP FOREIGN COMPANY IN VIETNAM

SETTING UP FOREIGN COMPANY IN VIETNAM.

When an individual or company want to invest abroad and Setting up a foreign company in Vietnam, they have a choice of locations in Hanoi or Ho Chi Minh City, and the type of  Company Ltd. or JSC company,  same investors as a Vietnam.

SETUP COMPANY IN VIETNAM - VIETNAM COMPANY FORMATION

 

Our foreign investment practice at LHD Lawyers help clients with the following

 

Transactional structuring: advising on the possibility for foreign investors to obtain an investment license in Vietnam and the selection of an appropriate investment vehicle in Vietnam such as a business co-operation contract, a joint venture company or to set up a company in Vietnam as a wholly foreign-owned company.

Licensing requirements: drafting and negotiating all documents required for obtaining an investment license for a foreign-invested project, following up Vietnamese authorities for obtaining the investment license and assisting to complete all post-licensing procedures.

Regulatory issues: advising on regulatory issues in relation to the operation of foreign-invested projects in Vietnam including advertising and promotion of their products. Please contact us for inquiries through email all@lhdfirm.com or call our partner directly at  + 84907996249.

Let LHD Lawyers help your business in Vietnam.

#Step by step guide to start a business in Vietnam (read more...)

Chose Types of Enterprises or Economic Organisations in Vietnam

(Our company formation specialists in Vietnam can offer more information on the types of companies available for registration in this country)

The limited liability company in Vietnam

The limited liability company is the most common structure employed by entrepreneurs opening companies in Vietnam. This business form can be:
 
  • a single-member limited liability company;
  • the multiple-member limited liability company.
The main advantage of the limited liability company is that it does not impose a minimum share capital upon incorporation.

The Vietnamese joint stock company

The joint stock company is the correspondent of the public companies in European countries, however, it does not imply a minimum share capital, just like in the case of the limited liability company. The Vietnamese joint stock company must have its capital divided into shares and at least 3 shareholders.

The partnership and the private enterprise in Vietnam

These are the last two types of companies which can be established in Vietnam. While the partnership must have at least two members who will act as partners in the company, the private enterprise is similar to the sole trader in other states.
Our Vietnam company registration agents can assist investors who want to set up any of the types of structures above.

Forms of direct investments in Vietnam

The new Enterprise Law which came into effect in 2015 and it provides for the following types of structures which can be set up by foreign investors in Vietnam

# The joint venture

# The wholly foreign-owned enterprise

# The business cooperation contract

# The public-private partnership;

# the Build-Operate-Transfer (BOT), the Build-Transfer (BT), the Build-Transfer-Operate (BTO), the Build-Operate (BO) agreements.

(Foreign companies can also create a branch and representative offices in Vietnam)
 
# Documents related to Setting up a company in Vietnam
 
Foreign investors who want to establish companies in Vietnam are required to prepare a set of documents and file them with the Business Registration Office. The most important ones are the Memorandum and Articles of Association which must be drafted before a public notary. Following that, the business owner must have a company seal made.


The other documents to be prepared when starting a company in Vietnam are:

  • a list with the name of the shareholders;
  • a document which states the financial assets brought by each shareholder;
  • a feasibility study;
  • a document which explains how the project of the company will comply with the legislation;
  • an announcement about the registration of the company which must be published three times in the row in a local newspaper.

These documents must be filed with the Business Registration Office, following which the company must open the bank account, register with the tax authorities and apply for the licenses which will allow the business to carry out its activities.

 

Email LHD Law Firm get Quotation send LHD Law Firm Email: all@lhdfirm.com 

Setup a company in Viet nam

Notes:

When you starting a business in Vietnam

Vietnam became the 150th member of the World Trade Organisation (WHO) in 2007. This opened the door for foreigners to invest and operate businesses in Vietnam. Individuals and organizations are allowed to choose their area of investment, the structure of their business and the method by which capital is raised, as long as their choices are in compliance with Vietnamese law, international treaties, and commitments.

Opening a foreign-owned business in Vietnam is possible and even encouraged by the Vietnamese government, although the laws are complex and the process can be complicated. A modern business law is in its infancy in Vietnam. Laws and regulations may be incomplete, ambiguous and subject to conflicting interpretations by different government agencies. Having the help of an experienced and well-connected Vietnamese law firm is highly recommended.

Foreigners are permitted to own and operate their own businesses in Vietnam, either through indirect or direct foreign investment. Indirect investment can be made by individuals or organizations that can buy shares in Vietnamese firms or invest in stocks, investment funds or use other intermediate financial instruments. Businesses that are wholly foreign-owned or are participating in joint ventures with a Vietnamese business are considered to be direct foreign investments.

Setting up a business in vietnam

Exercising rights of importation and distribution

 

As per regulated at Provision 1, Article 4, Decree 23/2007/ND-CP dated February 12, 2007, of the Government providing detailed guidance of Law of Commerce’s regulations on goods trading and directly related activities of FIEs in Vietnam (So-called referred to as “Decree 23/2007/ND-CP”), an FIE is eligible to exercise its rights to import and distribute goods in Vietnam if it meets the following requirements:

- The Investor is a country or territory which is a member of international treaties to which Vietnam is engaged and committed to open markets for goods trading activities and related;

- Form of investment must be consistent with the roadmap of commitments under international treaties to which Vietnam is a member and in accordance with the law of Vietnam;

- Goods and services must be in accordance with market opening commitments of Vietnam and with of the law of Vietnam;

- Scope of operation must be in accordance with the market access commitments of Vietnam and with the law of Vietnam;

- The business has the approval of the competent authorities in Vietnam.

 

According to Vietnam's commitments to the WTO, since 2009, foreign investors are entitled to import and distribute goods in the form of a company with 100% foreign capital.

To ensure the eligibility for licensing, in addition to the above conditions, you also have to ensure the following requirements:

 

- You must be a manufacturer of electric and electronic products expected to be distributed in Vietnam or be a trusted trader of electric and electronic products in your country;

- The results of business operation in your country must be positive, shown in the audited financial statements of the last two years;

- The Registered office of the Company or wholesale, retail stores must be consistent with the planning of Vietnam. Normally, investors must have a rental office in an office building for the Company’s head office and/ or a place for wholesale and retail at a planned-in-advance trade center;

- Investment capital must be sufficient to ensure the feasibility to implement business projects in Vietnam.

 

VIETNAM WILL BECOME TIGER IN THE FUTURE

 

Provide maintenance services

 

At the moment, Vietnam has no commitment to market access for appliance maintenance services. This means the competent authorities of Vietnam has no obligation to open the door for foreign investors to participate in providing this kind of service in Vietnam.

 

However, according to our experience in previous similar cases, the competent authorities of Vietnam may consider allowing you to provide maintenance services for the electric and electronic products distributed by your company.

 

EXPAT LIVING IN VIETNAM - SETUP A SMALL BUSINESS

Types of Business in Viet Nam

There are many foreign-owned small businesses in Vietnam, as well as a growing presence of international firms and franchises.

There are three business structures available for those who want to open a business in Vietnam. The business may be:

  1. A 100 percent foreign-owned sole proprietorship or partnership
  2. A joint venture enterprise
  3. A business cooperative that is owned and controlled by the people who use its services
  4. LLC 100 percent foreign-owned sole proprietorship or partnership

Vietnam encourages foreign investment in certain sectors, including

  • The production of items for export
  • Animal husbandry, farming and the processing of agricultural, forest and aquaculture products
  • The utilization of high technology and modern manufacturing techniques
  • The protection of ecological environments
  • Research and development
  • Labour intensive activities
  • The processing of raw materials
  • The efficient utilization of natural resources
  • Construction of infrastructure facilities and important industrial production establishments
  • Investment in mountainous and remote regions
  • Investment in regions with difficult economic and social conditions

Not all businesses are open to foreign participation, including those in any sector that may have an adverse effect on:

  • National defence
  • National security
  • Cultural and historical preservation
  • Vietnamese customs and traditions
  • The natural environment of Vietnam

Documents Required

People wanting to establish a new business in Vietnam are required to produce several specific legal documents. These include a valid personal identity card or passport, as well as papers proving financial solvency.

A foreign enterprise wanting to set up an office or factory in Vietnam must provide the following documents:

  • A certificate of incorporation
  • A company charter or articles of association
  • Audited financial statements for the past 12 months
  • Valid personal identity cards or passports of any of the business’ authorized representatives

FEE FOR SETUP COMPANY IN VIETNAM

 

Currency Restrictions

Although money can be moved into Vietnam, it must be deposited into either a Vietnamese-based foreign currency bank account or be converted into Vietnamese dong. There are significant restrictions governing the movement of money out of the country. Money may only be transferred out of Vietnam if it falls into one of these categories:

  • Payment for imported goods and services
  • Payment by foreign investors of:
    • Invested and reinvested capital earnings and profits from undertakings in Vietnam
    • The principal and interest on off-shore loans and credits
    • Other legal benefits
  • Payment for travel allowances to employees traveling abroad
  • Payment of salaries to the executives of foreign capital enterprises
  • Payment of salaries to Vietnamese employees working in a foreign country
  • Payment of salaries and other legal income to foreign employees

Setting up business vietnam

CONDITIONS FOR ESTABLISHMENT OF COMPANIES WITH HOT ENTERPRISES IN VIETNAM

1.   License with Import and Export

-    The registered capital of  USD 50,000 or more.

-     Individuals or companies satisfy the standards for establishment registration

2.   License Management and Investment Consultancy

-     Registered capital of  USD 10,000 or more

-     Individuals or companies satisfy the standards for establishment registration

3.   License Retailing and Distribution

-    The registered capital of  USD 200,000 or more.

-    Companies/Organizations will satisfy the standards for establishment registration

4.   License Restaurants, Foods, and Beverages, Cafeterias

-     Registered capital of  USD 10,000 or more

-     Individuals or companies satisfy the standards for establishment registration

-    Asking for location for restaurant or cafeteria

5.   License Training or Education

-    Registered capital of USD 20,000 or more

-    Individuals or companies satisfy the standards for establishment registration

-    It is necessary to consult opinions of the Ministry of Education and the planning on location in the locality.

6.   License Construction and Architecture

-    The registered capital of USD 10,000 or more.

-     Individuals or companies satisfy the standards for establishment registration

-     Asking for more opinions from the Ministry of Construction

7.   License Production

-    The registered capital of USD 10,000 or more.

-     Individuals or companies satisfy the standards for establishment registration

-     Asking for more opinions on location for production

8.   License Real Estate Business

-     The registered capital of USD 1,000,000 or more.

-     Individuals or companies satisfy the standards for establishment registration

-   The project required before establishment...vv

 

Client's LHD Law Firm

TOYOTA

WACOAL

DELOITTE

DLH; SHISEIDO

FOS

DLT

YAMAZEN

SANKOUGIKEN

DIEMSANG

IFO

ALTECH

TRIUMPH

SOMETHING HOLDING

JABES

SPASH INTERACTIVE

YM

CORELEV

VIET AGO

STENCIL

SHINWON

DLT

AYOBA

E&C VINA

TYCOOND

ILLHO

VIETPOLL

BIOMIN

M&R FORWARDING

WSP VN

J. DROUP

HALFEN MOMENT

MARTIME

DAIKOAD

RICOH VN

CHEMSTATION ASIA

DEVPROSOFT

ATEA

OPTIMUM GLOBAL

V STENCIL

AOA

BERNOFARM

INNOBAY

IKEBANAHAT

TELESCOPE

BENJAMIN

IPS

PEER

OVERSEAS

ICEFF

SUBNET

EDULINE VN

J-TECH

INTERCOM

PFE

ABROAD INC

LIBERO .....and more 16800 business from 68 national. 

In order to seek further advice or request service Setting up a Foreign company in Vietnam, Contract us by Email: all@lhdfirm.com or Tel: +842822612929 (HCM)  or +842422612929 (HN)

 

SETUP A COMPANY IN VIETNAM WITH LHD LAW FIRM

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Addr:  HP Tower, 60 (Floor 7) Nguyen Van Thu Street, Dakao Ward, District 1, HCM City, Viet Nam
Tel:
+842822416866 or +842822446739
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LHD LAW FIRM IN HA NOI
Addr: Anh Minh Tower, (Floor 4) 36 Hoang Cau Street, O Cho Dua Ward, Dong Da District, Ha Noi City, Viet Nam
Tel:  +842462604011 or +84911633168 
Fax: +848 04 3573 9287 Email: hanoi@lhdfirm.com

 

SETTING UP FOREIGN COMPANY IN VIETNAM

Comment
duc - ()
i want setup a company vn ?
Henry Golden - ()
Dear Ladies and Gentlemen, We would like to gather some general information regarding to establish a Limited liability Company in Vietnam. We would be grateful, if you could inform us regarding to all the charges and processing fees required for set up business inkcluding Visa-Work permit. With Best Regards, Henry Golden
Alan KAN - ()
Dear Sir/Madam, We are a company which is currently considering the possibility of setting up business in Vietnam and would like to talk to you to understand more of the subject and the services that you will able to offer. If it is possible, I would like to visit you at your Ho Chi Minh office on the 18th of April around 3pm for discussion, pls let me know whether that is OK.
William - ()
If I come to Vietnam on a business visa and wish you to help me establish a company (LLC)?, what would it cost? I am a British national.
Billy Tan - ()
As a Foreign owned LLC are we allowed to import (home/electrical appliances) and sell locally. Thanks
Linda - ()
due to my business development I intend to register company in vietnam. Thanks ! Best regards, Linda
Elroy Giddens - ()
We need a Representative Office in Vietnam to solicit Investors for the EB5 Visa Program. Investors seeking a United States Visa can qualify under our Direct Investment Program. Our website www.EB5Lawyers.io
rahul - ()
It IS possible to have 100% foreign owned business. My friend DOES have a company that is 100% foreign owned. He didn't face any troubles AT ALL. It took nearly 1 month to finish legal process. He got certificate of investment, business licence, tax code, company seals, ..., ..., ..., everything. And the lawyer charged lesser than the prices mentioned above. You can call me, or meet me to talk about this in detail, i can introduce you to that Vietnamese lawyer also. He'll take care of ALL kinds of charges and fees on his own, you don't need to worry or talk to the officers about this. Contact me at rahul_n_rohit@yahoo.co.in. Best wishes for your new business. Don't worry at all. The government and laws are much friendlier after Vietnam joined WTO.
alpha - ()
I'd have to echo ChrisJac here. It IS possible to set up a 100% foreign owned company, but it is not easy or straight forward at times. For some sectors it is much easier than others. There are certainly some businesses for which NickinNam's specific advice and general tenor of advice is accurate, but its not a fundamental legal impossibility as his post suggests.
ChrisJac - ()
Dear Gilad, It is possible to establish a 100% foreign owned business here in Vietnam. It is a long and difficult process. Local law firms provide a service for setting it up for you. Last time I checked with a local law firm the fee was appr.$1500 to set the business up. It'll be much cheaper if you can do it by yourself. Cheaper and easier way for you would be to ex. set up a limited company with a Vietnamese director and you would be the managing director. It's cheap to set up even with a law firm (around 2 million VND). Good luck!
Gilad - ()
Questions regarding opening a business in Vietnam ? I need advice/info regarding forms of ownership of a small business in Vietnam. I have been looking into this for some time now and it seems that all so called "foreign owned" bars/restaurants/tour-agencies are actually registered under the name of the Vietnamese spouse or a Vietnamese partner of the foreigner. 1. Can such a business be 100% foreign owned? 2. What are the actual costs of registering a 100% foreign owned business (real world costs including "unofficial costs") and how long does it take? 3. Are there any restrictions on the type of businesses that could be 100% foreign owned? 4. What about police and general corruption issues? 5. Tax issues? Please answer only if you have actual knowledge and/or experience, especially if you own one yourself. Thanks.
Mr.Yoshisuke Sato - ()
I am Mr. Sato with Euras Co., Ltd. in Japan. We are 100% affiliated company of LOPIA Super Market Group with the annual sales of US$1billion. We have been looking for beer manufacture that can produce Private Label Low Malted Beer (% of malt must be less than 25%)Alcohol contents around 5%. Please let me know if you would deal with this kind of project. Your early reply is highly appreciated. Best regards, Company EURAS CO.,LTD. Contact person Mr.Yoshisuke Sato Address: 3-3157 Tateishi Fujisawa City Kanagawa Pre.Japan251-0872 Business phone 81-466-53-8123 Email sato@euras.jp Website Country JOR
Henry Golden - ()
Dear Ladies and Gentlemen, We would like to gather some general information regarding to establish a Limited liability Company in Vietnam. We would be grateful, if you could inform us regarding to all the charges and processing fees required for set up business inkcluding Visa-Work permit. With Best Regards, Henry Golden
Alan KAN - ()
Dear Sir/Madam, We are a company which is currently considering the possibility of setting up business in Vietnam and would like to talk to you to understand more of the subject and the services that you will able to offer. If it is possible, I would like to visit you at your Ho Chi Minh office on the 18th of April around 3pm for discussion, pls let me know whether that is OK.
Marika Yoshioka - ()
Please provide the process and fees for a foreign company set up in HCMC. Please also advise on visa and work permit (application procedure and fees).
Sachin Durge - ()
Hello there, My name is Sachin Durge and I am temporary resident in Vietnam. Let me give you the background and the reason for this email. I work for a Korean company 'Earlogic Corporation' Earlogic/myself is planning to setup an office in Vietnam. The percentage share of the company will be 30% myself (Sachin Durge) and 70% Earlogic Corporation. In short, 100% foreign owned company. What we will sell : A software product that helps in recovering "Hearing loss". Who will be the clients : At this moment I can say hospitals and the patients with hearing loss. The following are my questions. What is the procedure to setup a company in Vietnam. What is the minimum criteria in terms of contract, tax, office, employees ? Which place do you suggest to open an office, wherein we can get the maximum benefit. What is the cost of opening a company ? What is the minimum salary (with default packages that is required to given according to the laws) How many employees we need to have ? Please help me to answer the questions and also let me know if you can help in establishing the company and what are your charges for that. Currently, I am in Saigon so is it possible to meet to discuss in person. Thanks,
Nancy Tan - ()
Hello We are interested in setting up business in Vietnam. We are a playground equipment distributor for Asia and we are incorporated in Singapore in 1998. We sell and install playgrounds in Singapore and Asia. We are mulling over setting up a rep office, LLC or a sole proprietorship in Vietnam. Appreciate if you can kindly advise on this as well as let us know what documents are required for registration. We are planning to make a trip to HCM end of this month. It would be helpful if we could visit your office for consultation.
Man S Tan - ()
I am interested in the above. I will be in HCMC on the 25-26 May. Is it possible to meet us? I want to find out more about the process and cost. Please reply.
lim li kiat - ()
please let me know what is the capital amount required for 100% foreign own company in Vietnam?
BOOHAN - ()
Dear Sir / Madam, I am a Malaysian citizen, and we are into edible oils business. I am currently base in our branch office in Hong Kong. As part of our expansion plan, we want to start buying coconut oils from Vietnam, for export to our customers in China, Hong Kong and Taiwan. We therefore want to consider incorporating a Vietnamese company, to buy from local manufacturers from all over Vietnam, and then do the export on our own. Can you please kindly advice on the following? 1) How many type of Vietnamese company can we incorporate (we prefer limited liability, limited by shares, as much as possible? 2) Can the company be fully owned by foreign citizens with no local shareholders? 3) What is the minimum number of foreigners, and minimum investment to incorporate this local company? 4) Can all the directors be foreign citizens, or must we have local citizen to act as directors? 5) What is the fastest time duration needed to incorporate this company? 6) What is the total costs and fees involved to incorporate this company? We understand that instead of incorporating this local company, we can also operate through a “Representative Company”. Can you please explain what is the benefits and limitations of operating through a Representative Company? Also, it is fast and cheap to set up this Representative Company? How long time duration and what is the costs
Samuel - ()
Dear LHD Law Firm As per our tele-communication regarding setting up the company in Vietnam, as following details; 1. 100% foreign owned trading company 2. Import and sell the product for aquaculture such as water treatment (mineral, probiotics), feed/feed additives for fish and shrimp. 3. please let us know the controlled product to be imported to Vietnam as well. Please let me have the protocol and proposal. Thank you and best regards,
Bryan Knorr - ()
Hello friends, I am here to share some important information about how I got a loan from an genuine international funding organization called KIVA a week ago. Actually, I never believed that I could get a loan from any online or internet lender because I always thought they were all scams. But the story changed two weeks ago when a friend told me how she got a business loan from them. At first I find it hard to believe, but I told myself I have to take the risk and see what will happen and I signed up for an loan of $74,000 USD to boost my investment. To my greatest surprise, my loan was approved and I received a loan within a week. One thing I like about them is that all their processes are very simple and clear. No hidden costs. No guarantee was required even with bad credit score. No elaborate paper work. Too good to be true you might say. Yes i had also said that before i got my loan. So, I want to use this opportunity to advice anyone looking for a genuine place to get a loan to contact their admin immediately via email at (contactcenter281@gmail.com) Please share this information so that others can find out about KIVA loan organization and get a loan from them too.
Equen Pang - ()
Hi LHD Firm, I’m writing to inquire your service about setting up an 100% foreign company in HCM. Our business scope is in Medical Device Registration
Linda - ()
Dear Sir or Madam, I would like to register an enterprise in Vietnam and Indonesia due to business development. Would you please to give me some detail information about company registration in Vietnam and Indonesia? Your sincerely. Linda
melvin lim - ()
dear sir, I would like to know more about investing in Vietnam, currently I am looking to shift my diecasting production into Vietnam,, but I do not know how much capital is required for 100%foreign own company in Vietnam?? so could you please gives me more info thanks.
mohammad imtiaz - ()
sir i woud like to register of my general trading office in veitnam so there for i need the information regarding prociedure /documentation and govt.fees, thank you
Animesh Sengupta - ()
We are a thai company willing to open our operations in Ho Chi Minh city. Pleasewrite back to us how to go about it. Regards Animesh
Paul Moritz - ()
Hello Am Mr Paul Moritz, Legitimate and reliable loan lender. I give out loans on a clear and understandable terms and conditions at 3% interest rate. I give out Business Loans, Personal Loans, Student Loans,Car Loans And Loans To Pay Off Bills. If you need a loan what you have to do is for you to contact me directly immediately now at: paulhelpfund@yahoo.com God Bless You. Regards, Mr Paul Moritz Email: paulhelpfund@yahoo.com
Leo Zeng - ()
Sir I'd like to set up a 100% foreign-owned-Company in Vietnam. Would you please send me information such as procedures for set up, duration of setup and quotation for your services. Our company is BVI registered company. Thanks and kind regards leo zeng
Nick Law - ()
Dear Sir, I wish to Setup company in Viet Nam: Either 100% foreign investment company setup,or joint venture company setup In Hanoi HCM city. please help us.
Fillip Lam - ()
According the Vietnam Law on Enterprises, there are four common types of companies: Private enterprise is an enterprise owned by an individual who is liable for all of its operations with his/her entire property; Partnership is an enterprise in which (i) there are at least two partners who are co-owners of the company, jointly conduct business under one common name; in addition to general partners, there may also be limited partners; (ii) general partners to a partnership must be individuals who are liable for all obligations of the partnership with his/her own entire property; (iii) Limited partners shall be liable for debts of the partnership only to the extent of their capital contribution to the partnership; Joint stock company is an enterprise where (i) Its charter capital is divided into equal portions known as shares; (ii) Shareholders may be organizations and/or individuals; the minimum number of shareholders shall be three and shall not be restricted to any particular maximum number; (iii) Its shareholders shall be liable for debts and other property liabilities of such enterprise within the limit of the value of their capital contribution to the enterprise; (iv) Shareholders shall be entitled to freely transfer their shares according to the provisions of law; Limited liability company (multi-member limited liability company and single-member limited liability company). A one-member limited liability company is an enterprise which is owned by one organization or individual (hereinafter referred to as the company owner); the company owner is liable for debts and other property liabilities of the company within the charter capital of the company. A limited liability company is an enterprise of which: (i) Members may be organizations and/or individuals; the total number of members shall not exceed fifty; (ii) Members are responsible for debts and other property liabilities of the enterprise within the amount of capital that they have committed to contribute to the enterprise; (iii) Capital shares of the members may only be transferred in accordance with the provisions of law.
Pantermotor - ()
If you already have a partner with whom you want to do business, it's better to start right away as a limited company with 2 shareholders. You will have a better legal protection of your interest than using a temporary status via a business household since this is a completely separate legal entity in which you have no right at all. If your partner proposes this, he/she is having probably other reasons....
Taka Furukawa - ()
Hello I established import , export company in HCMC Vietnam last year. And when I was looking for my apartment I met Vietnamese property agent and her boyfriend who is lawyer ( Egyptian ) in HCMC. If you haven't get answer yet I can introduce the consultant for your company establishment. And maybe I can ask couple whether they can give some advice for your property law questions. Taka Furukawa
Michel Delafon - ()
I stared the process to open a LLC, Michel Delafon BB LLC. Activities: - Marketing Consultingin Asia and Vietnam. - Real Estate Investments.
susan carl - ()
Are you looking for financing source like bank guarantee and sblc? Whether you are a new startup, medium or large establishment that needs a financial solution to fund/get your project off the ground or an established business looking for extra capital to expand your operations, our company renders all the credible and trusted bank guarantee provider who are willing to fund and give financing solutions that suits your specific business needs. We help you secure bank guarantee for your trade and investment from world ranked Banks. LEASING FEE = 4% 2%: MINIMUM and MAXIMUM FACE VALUE OF BG/SBLC = EUR/USD 1M-20B PURCHASING PRICE = 32% 2% MINIMUM and MAXIMUM FACE VALUE OF BG/SBLC = EUR/USD 1M-20B Please contact for advise with full details for our financial solution services. john cooper. Contact Mail : blueprintloansfirm@gmail.com or blueprintloansfirm@yahoo.com
mr kimberly west - ()
Are you looking for financing source like bank guarantee and sblc? Whether you are a new startup, medium or large establishment that needs a financial solution to fund/get your project off the ground or an established business looking for extra capital to expand your operations, our company renders all the credible and trusted bank guarantee provider who are willing to fund and give financing solutions that suits your specific business needs. We help you secure bank guarantee for your trade and investment from world ranked Banks. LEASING FEE = 4% 2%: MINIMUM and MAXIMUM FACE VALUE OF BG/SBLC = EUR/USD 1M-20B PURCHASING PRICE = 32% 2% MINIMUM and MAXIMUM FACE VALUE OF BG/SBLC = EUR/USD 1M-20B Please contact for advise with full details for our financial solution services. john cooper. Contact Mail : blueprintloansfirm@gmail.com or blueprintloansfirm@yahoo.com
DAVIS MEO - ()
Hi all, I am trying to open a small restaurant/cafe/bar in saigon. There will be live music/food/alcohol and coffee. I've actually been looking into this for quite some time now. I realized that pretty much all the so called " foreign-owned" bars/cafes/restaurants here in saigon are actually registered under the name of the vietnamese wives/partners or a vietnamese friend of the foreigner which for me is unlikely to be happening since i am female and i dont see myself ending up with any vietnamese man anytime soon nor that i have any friends that i can really trust yet... Also noise-issue seems to be one of the biggest problem that many bars/cafes face- esp since i am trying to have bands play in my place and etc.. So, I've listed out some questions and hopefully I will get some answers here. Thanks in advance for taking the time. 1. Can such a business be 100% foreign owned? 2. What other licenses do I need? How much would each indivisual license cost? ie. liquor licenses and etc.. 3. I was told that liquor license is really difficult to get.. but I want to know just how difficult it is and how much would it cost? 4. Approximately,how much would the start-up cost be? 5. I also read somewhere saying that I can pay a local lawyer to take care of all the procedures and pay after he succeed in doing so. I wonder if it's possible. Please answer if you have any knowledge and/or experience. Or if you know anyone who actually owns a business at the moment, would be much appreciated if you can get in touch with me. Thanks a lot.
Sofia - ()
Dear LHD Law Firm Does anybody know what the pros and cons are of registering a business in the city, and what it entails (costs, procedures, conditions, etc)? Also, do I have to register a business if it has to do with tourism? Lastly, am I even allowed to own a business here, as a foreigner (Viet Kieu), and what I can do to have that ability? Thank you so much, Sofia
Nick Law - ()
Dear Sir, I wish to Setup company in Viet Nam: Either 100% foreign investment company setup,or joint venture company setup In Hanoi HCM city. please help us.
Vincent Low - ()
I am a Singapore citizen.I want to set up import and export company in Vietnam.
Yingky Tong - ()
I am a foreigners and like to invest in residential properties in HCMC. I know as a foreign investor, there is legal constraint. Can you help doing it legally ?
Law firms in mumbai - ()
The article is good and readable to everyone.This gives valuable information for us.In future I always cmmenting in your article.
Christopher Petras - ()
Christopher Petras Hi, We are a Singapore company, we plan to open an office in Vietnam. Primary purpose is to act as export company for agri products. Can you give us a quote of your standard services for 100% foreign owned business registration
Ross1 - ()
I an an Australian and I'm looking at taking over a cafe/ restaurant in Ho Chi Minhvery soon. Need an adviser to steer me in the right direction. Or business lawyer,as i need a partner contract written up. Need that person to speak to me in fluent English. Email: arthuradam65@gmail.com
Alex Pink - ()
Vietnam Company Incorporation Services Since 2007, Vietnam has opened its doors to foreign investment, allowing foreigners to set up offshore companies in the country. That being said, as an investor or head of a multinational organization, you should be aware of the regulations, licensing hurdles, and bureaucratic challenges you may likely face when incorporating in Vietnam. Here we have outlined the basic steps to setting up a business in Vietnam and how 3E Accounting helps you with fast, responsive Vietnam company formation services. Business Incorporation in Vietnam Limited Liability Company – A 100% foreign owned LLC can be set up in Vietnam with just 1 shareholder, regardless of nationality and whether or not he/she is a Vietnam resident. The shareholder will then appoint a Director who will have to travel to Vietnam and get a work permit. Joint Venture – Also known as partially foreign owned LLC, this is the most common type of offshore company set up in Vietnam. The company is incorporated by at least 1 Vietnamese shareholder and 1 foreign investor. The licensing delays are however, common in this structure. Public Limited Company – A JSC is when three or more shareholders of any nationality, regardless of whether they are Vietnam residents, form a company. If the company appoints a foreign director, who will also be the legal representative, he/she will have to travel to Vietnam to get the work permit. Branch Office – Foreign companies operating for at least 5 years can also set up branch offices in the country. A resident representative has to be pointed along with meeting other obligations. This option is not recommended as it exposes the investor to unlimited liability. Representative Office – A representative office can also be opened in Vietnam for businesses that have been operating abroad for one year. Despite that the representative offices are 100% foreign owned, the company cannot engage in commercial or production related activities. Procedure Once you have decided on the structure, here are the steps to company incorporation in Vietnam: Company name registration, followed by obtaining the registration certificate and the tax registration certificate. Making the company seal. Registration of seal with the Police Department. Opening a bank account with a local bank. Buying VAT invoices. Registration with the Vietnam General Confederation of Labor. Publishing the registration details on National Business Registration Portal. Paying for the business license tax. Registration with local labor office. Registering employees with Social Insurance Fund.
Pantermotor - ()
Dear LHD Firm I hear that: Normally after Jan 2015 foreigners can have up to 100% ownership of restaurant/cafe business in VN according to WTO rules What's trust ? and how condition for setup a coffe Shop in Viet Nam ? Thanks
Kimnguyen99 - ()
Dear LHD Law Firm How is your small business? Scope? Step 1: you should have a plan for your business, clearly (example: where? how? human resource? capital?...) Step 2: Make document to apply a bussiness license. (I used to depend on lawyer to creat my company last year, if you need, i'll introduce her for you). Step 3: Running it with some experiences, example: how to low expense/ saving human/ etc...
danny - ()
Hi LHD Firm I started an IT company here 5 years ago. Now, I am helping my brother from Australia open a beauty business here. I can share my own experience over coffee or beer. Cheers, Danny
Alex Lee - ()
Dear LHD Law Firm Im korea, I want setup a export company in Viet Nam ( Hcm) pls send me the Quo ? Thanks
Apex SH - ()
Hi LHD Law Firm, Here Apex would like to set up a 100% FDI in Vietnam as “freight forwarding services” (CPC 748). Can you pls quote for the service to apply IRC and ERC in Hanoi and BRC in HCMC? Thank you. Sincerely,
Jaitch - ()
Hi dear (1) Can u guide me how can i start or set up a small super market in Ho Chi Minh vietnam for this me need any local owner ship or not.. (2) what kind paper process for registration it. (3) what is conditions for hiring employees (4) what is system of taxe and fees
melvyn lum - ()
I would to set a cafe business in HCMC using a Vietnamese to register as 'business household' during the initial period and covert it to a 2 persons limited liability enterprise at a later stage and participate in this venture via the purchase of a proportion of the company shares. Would that be feasible and like to hear any legal perspectives anybody can offer
kspuri - ()
I would also like to partnering with local vietnamese if interested in opening small restaurant or small office for tourist related service in NHA trang or in other attractive city. if some one have an interest please mail me. kspuri@hotmail.com.
Stoddard - ()
Hello everyone. I'm a young guy from Canada seeing if there are any business/admin opportunities in Vietnam. Email me: stoddard.spencer@gmail.com if you wish.
Lawrence - ()
Hi, i am a foreigner with plan to operate a retail F
Tina Lee - ()
Hello LHD I want setup a new business vietnam with 2 partners, Sub: trade and software Pls send us the Quo ?
Bhavna - ()
Hello everyone, i am closing this thread. The initial post is from 2012 and the latest relevant post from 2015. Note : Any kind of advertising, promotion/proposal of your own services is not allowed on the forum. All the best, Bhavna
Choong - ()
Clement Chong : Hi, My wife is a local. From what I understand. Only Vietnamese can set up business! Foreigners can only set up a representative office. Unless you have a local that you can trust! Use that person name and register a business. The down side with the Vietnamese law its still with the old communist ideology..! Foreigners cant own anything thing here! Cheers
Cheng - ()
I want to invest in VIETNAM, can you please answer the following question for Vientnam. Tell us which country you decided to invest in and why? What type of business are you investing in? Why? What are the potential challenges you see in investing in this country with this investor? Will you invest in a woman-owned business? Why or why not? Will you consider loaning to a group of people? How quickly do you expect to be repaid? Are there groups in your country of choice that are actively discriminated against today? Are there certain regions of the country where life is more difficult than others? Is this country experiencing any political or social unrest? How will the unrest impact your decisions? How will the project that the entrepreneur is proposing benefit their community?
Howard Antony - ()
In summary, yes, you can. In more detail, it depends on (among others) which business you will invest in, which form of company you want to establish, and how much you will inject in that business. From legal perspective, there are foreign investment restrictions in some sectors such as tourism, telecommunications, advertising, ect. For example, you cannot invest in distribution of tobacco or acquire more than 49℅ shares in a mobile network operator in Vietnam. Sometimes you cannot do the business yourself but have to cooperate with a local partner and form a joint venture. From a practical point of view, the licensing authority usually tends to reject the approval for foreign investment if it thinks your investment in the countey is too small. Therefore, you need to identify what business you will do in Vietnam, ask a local
Ferederic - ()
Investing in Vietnam is a geo-strategic decision as it’s geo position is strategic. 100 000 000 peoples are not a market to forget when you know that Vietnamese are highly skilled to transform a tin box into a tool but also be recruited at high level for atomic research in France. Most wold entrepreneurs of Vietnamese origin are very successful - So .. being there means that you are in a work
Linda Nguyen - ()
What is the best way to legally establish presence in Vietnam for a foreign start-up? How many steps are there to doing business in Vietnam for a foreign investor? Do I need a lawyer to set up a wholly foreign-owned LLC in Vietnam? Can I go through the motions myself?
Peter Look - ()
How to start a small business in Vietnam? Which entity type is your best fit and how to simply overcome risks shadowing small businesses?
Jaitch - ()
shahid saeed : Hi dear (1) Can u guide me how can i start or set up a small super market in Ho Chi Minh vietnam for this me need any local owner ship or not.. (2) what kind paper process for registration it. (3) what is conditions for hiring employees (4) what is system of taxe and fees Whatever you try to do, the Vietnamese government wraps you up on a prison made of paper and forms. You will require a VN partner, hopefully someone who is happy to get a couple of hundred dollars a year for being your company's president. This will make it easier to avoid permit hassles and leases, etc. You need a lawyer to handle the complications - I am not dumb and have registered 4 companies and still use a lawyer. They know who to pay the bribes to. You can pay cash each day to employees or, do it properly and pay tax, health benefits, etc. The government will calculate how much tax you owe them. You will need a VAT account as some suppliers only sell at wholesale discount if you have a VAT number.
vncor - ()
Hello ttivietnam, Could you please have said offices registered in our directory section ( refer to the link below) @ Rudy Bui I would suggest that you do the same since proposing / promoting ones services is prohibited on the forum
Pat thai - ()
I want setup company in Vietnam ? Pls send us the Quotation ! Thanks
Steve Ferrington - ()
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Lucy Lee - ()
Dear Sir/Madam, We want to set up a company in Vietnam. Our proposed Business is Money exchange and transmission(Online business) and our ultimate purpose is to get the licence. Services will be needed are:Company formation Licence application Bank account opening Please kindly advise how we start the process. Looking forward to your reply.
Christine - ()
foreigner can own property in vn. however, foreigner can buy apartment, not house, bungalow,mansion or land. and it limit to the fist number. yes, you can buy is the answer and the number of property you can own is 1. you will have to reside in vn for 10 years, own a permanent card then you can buy. and you cant mortgage it too. government is consider to open the market for foreigner to own house but parliament still consider. not sure when they will implement it. commit not to claim the land own by your wife? that's sound strang even though it is logical. you foreigner cant own land.maybe that's the reason that they ask you to sign the commitment. however, it is just a commitment. given the case that you divorce, court will decide the joinly assets of husband and wife or any assets that establish after the wedding. well, in that case, the land will half own by you.eventhough you commit that you wont claim on the land.
Kevin - ()
I would to set a Restaurant business in HCMC using a Vietnamese to register as 'business household' during the initial period and covert it to a 2 persons limited liability enterprise at a later stage and participate in this venture via the purchase of a proportion of the company shares. Would that be feasible and like to hear any legal perspectives anybody can offer
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