Foreign investors may
put resources into the type of 100 % funding to set up company in Vietnam, being joint stock company,
limited liability company, partnership company. In recent years, the openness
policy of the Vietnamese government has made company formation in Vietnam
easier.
To receive investment
registration certificates, first-time foreign investors in Vietnam must have
investment projects and complete investment registration or examination
procedures at state investment agencies.
Business registration
certificates shall concurrently be investment certificates. Company with 100%
foreign capital has established and operated from the date of issuance of the
business registration certificates
Vietnam company formation dossiers
-Registration/Request for
issuance of Investment Certificate;
-A report on financial
capability of the investor;
-Draft of the
company’s charter;
-List of members of
company;
-Copy of the people’s identity card, passport or other lawful
personal certification, for individual members;
-Copy of the business
registration certificate or establishment decision, or other equivalent
document, for member organizations;
-Copies of the people’s
identity card, passport, the authorization document, or other lawful personal
certification, for authorized representatives.
-Within three months of
the date of submission of the business registration dossier, copies of the
foreign member organizations' business registration certificates must be
authenticated by the organizations' registered agencies;
-Written authorization
of the investor in case investor is organization and valid copy of the legitimate individual affirmation of the
approved delegate. Documents in foreign languages must be converted into
Vietnamese, authenticated and legalized;
-The Business Cooperation
Contract (BCC) or the joint-venture contract
-Other documents
required by Vietnam law
Vietnam company formation would take anywhere from 30 days. If the investment area is
conditional or the State government must examine the investment project,
additional time may be required.
Special licenses,
minimum capital or other conditions might be required in certain investment
projects.
How a law firm in
Vietnam would help with company formation in Vietnam?
While the process of
company formation in Vietnam is straight forward more often than not, there are
numerous circumstances which it would be better that the client draws in a law firm in Vietnam to help with record planning, legitimate interpretation,
legally approbation, and verification of utilization dossiers.
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