Reputable law firm in Vietnam

Reputable law firm in Vietnam

ANT Lawyers- A reputable law firm in Vietnam has English-speaking attorneys in Hanoi, Danang, and Ho Chi Minh City offices.

Our friendly, collegiate, and team-based working style is something we take great satisfaction in as a single, fully integrated, international partnership law practice in Vietnam.

We are a member of International Bar Association, Vietnam Bar Federation, Hanoi Bar Association.

ANT Lawyers is an Exclusive member in Vietnam of Prae Legal, a network of law firms with offices in 150 nations across 5 continents.

IFLR1000 assesses ANT Lawyers under Financial and Corporate. The boutique law practice specializes in corporate M&A and represents foreign clients and investors in a variety of domestic and international transactions, including joint ventures and restructuring.

We pride ourselves in our global recognition by the IFLR1000 on Financial and Corporate practice, our peers at Prae Legal's international standard, our local knowledge with our extensive network of Vietnamese authorities and local experts.

Our business approach is guided by customer needs and our goal of providing clients with high-quality legal assistance in a business environment.

Allow ANT Lawyers, a law firm in Vietnam assist you in conducting business in Vietnam.

Send us request via email at ant@antlawyers.vn or call us at +84 28 730 86 529

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Large US enterprises are going to Vietnam for investment

Large US enterprises are going to Vietnam for investment

About fifty US businesses are now visiting Hanoi in search of sales, sourcing, and investment possibilities, according to data from the US-ASEAN Business Council (USABC).  This is the largest US corporate delegation that has visited Vietnam in recent memory to promote entry options, such as the potential for opening a representative office, setting up company in Vietnam, or even expanding already-existing activities.

These businesses include 40 companies taking part in the yearly Vietnam business delegation and 15 companies taking part in the delegation for health and life sciences. Many businesses attend both delegations.

The US mission in Vietnam stressed that this is the largest corporate group from the US to visit Vietnam in many years and that it is there to celebrate the comprehensive relationship between the US and Vietnam's 10th anniversary.

The US continues to be the top investor in ASEAN nations, putting more money into these nations than the next three combined, according to the US Mission in Vietnam.

The largest ever US corporate delegation visited Vietnam this week in search of investment prospects and market entrance, and it included companies like SpaceX, Netflix, Boeing, and companies active in the defense, pharmaceutical, and technology sectors.

Movie-streaming website one of the businesses that sent representatives to the trip was Netflix. In the past, the media has reported that Netflix intended to establish a representative office in Vietnam.

Boeing, Lockheed Martin, and Bell, among other defense technology companies, will meet with Vietnamese partners. For the first time in almost ten years, security and defense firms have chosen to travel to Vietnam as part of yearly delegations. These businesses spoke with Vietnamese government representatives in December about the prospect of selling drones and helicopters.

According to a Boeing announcement, their conversations with officials would center on creating joint ventures with Vietnam and taking steps to improve Vietnam's aviation and defense capabilities. Vietnam and other nations in the region are interested in purchasing satellite Internet services from SpaceX. Along with semiconductor firms, big pharma businesses like Pfizer and Johnson & Johnson, Abbott medical devices, financial services firms like Visa and CitiBank, and internet and cloud service providers like Meta and Amazon Web Services were all represented in the delegation.

The majority of the corporations taking part in the next delegation, such as Apple, Coca-Cola, and PepsiCo, already have operations or production facilities in Vietnam, though they also have aspirations to grow. As a result of the benefits Vietnam may offer, including expanding skilled labor resources, a stable economy, and improved investment rules, some other businesses have come to learn about the investment environment and to establish a representative office or establish company in Vietnam

ANT Lawyers as a law firm in Vietnam could assist customers in overcoming cultural barriers and achieving their financial and strategic goals while assuring the best interest rate protection, risk minimization, and legal compliance. Customers can get assistance from ANT lawyers while doing business in Vietnam.

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How to Set up Business Venture in Vietnam?

How to Set up Business Venture in Vietnam?

To help foreigners start a business in Vietnam, we would like to introduce the service to assist in setting up business venture in Vietnam.

Foreign investors could make direct invest in Vietnam through setting up 100% (100 percent) capital of foreign investors, or setting up joint venture  between domestic and foreign investors or putting resources into the legally binding types of: BTO, BTO, BT, BCC, and BO.

Types of enterprise for foreign investors to invest in Vietnam are as following:

Limited Liability Company (LLC)

A limited-liability company  (LLC) may not issue securities to mobilize capital.

Joint Stock Company (JSC)

The main difference between Joint Stock Company (JSC) and Limited Liability Company (LLC) is the Joint Stock Company (JSC) can raise funds by offering shares or securities.

In addition, an enterprise tends to join the Stock exchanges or public company must be a Joint Stock Company (JSC).  Management system of JSC is more complicated than LLC.

Partnership

Unlimited liability partners must be individuals who shall be liable for the obligations of the company to the extent of all of their assets.  Meanwhile, Limited liability partners shall only be liable for the debts of the company to the extent of the amount of capital they have contributed to the company.

Representative Office of Foreign Trader

Representative Office  is not permitted to straightforwardly lead benefit making exercises in Vietnam (i.e: the execution of agreements, deal or acquisition of products, or provision of services...

Branch of Foreign Trader

In accordance with the law of Vietnam and any international treaty that the Socialist Republic of Vietnam is a member of, the Branch of Foreign Trader is permitted to carry out activities such as the purchase and sale of goods and other commercial activities with its license for establishment.

Investing by Signing Contracts

BBC contract (Business co-operation contract) means the investment form signed between financial backers to co-work in business and to share benefits or products without creating a legal entity.

Fabricate work move contract (BOT) means the investment form signed by a competent State body and an investor in order to construct and operate commercially an infrastructure facility for a fixed duration; furthermore, upon expiry of the duration, the investor shall, without compensation, transfer such facility to the State of Vietnam.

BTO contract (Build-transfer-operate contract) means the investment form signed by a competent State body and an investor in order to construct an infrastructure facility; however, upon completion of construction, the investor shall transfer the facility to the State of Vietnam. Then the Government shall grant the investor the right to operate commercially such facility for a fixed duration in order to recover the invested capital and gain profits.

BT contract (Build-transfer contract) means the investment form signed by a competent State body and an investor in order to construct an infrastructure facility; and, upon completion of construction, the investor shall transfer the facility to the State of Vietnam. Then the Government shall create conditions for the investor to implement another project in order to recover the invested capital and gain profits or to make a payment to the investor in accordance following an agreement in the Build-transfer contract.

Foreign investors may sign BT contract, BTO contracts and BOT contract with a competent State body to implement infrastructure construction projects in Vietnam. Especially, The contracts are for projects in the fields of electricity production, drainage, transportation, water supply, and waste treatment...

At ANT Lawyers - a law firm in Vietnam, Our English speaking lawyers help clients overcome cultural barriers and achieve their strategic and financial outcomes, and regulatory compliance while doing business in Vietnam.

 

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Rights and Obligations of Foreigners Owning Properties in Vietnam

The ownership of houses by foreigners in Vietnam has changed significantly toward more openness under the current Vietnamese law. However, home ownership of foreigners and Vietnamese residents are still different.

Foreign ownership of a home is only permitted in commercial housing construction projects (i.e., newly formed residential areas) and not in an area designated for national defense and security. The foreigner only receives the value of the house in the event of a donation or inheritance of a house that is not subject to this above regulation.

The foreigners combined may not buy, rent and purchase, receive, inherit and own more than 30% of apartments in an apartment building;  or no more than 250 separate houses, including villas and row houses, in an area with a population that is comparable to that of a ward-administrative division.

In a space whose populace is identical to that of a ward, on the off chance that there is a business lodging development project available to be purchased or rent buy, the amount of confined houses that might be possessed by outsider is determined underneath: where the amount of separated places of a task is less than 2,500, outsider might take ownership of 10% of the places of such undertaking; where there is just a single venture whose amount of disconnected houses is comparable to 2,500 houses, outsiders might take ownership of 250 places of them; Foreigners may own up to 10% of the houses in each project if there are two or more projects and the total number of detached homes is less than 2,500. In case a house is donated or inherited in excess of the number of houses under this regulation, only the value of that house is entitled.

The outsiders are qualified for the homeownership as concurred in settlements on lodging deal, rent buy, giving, or legacy for notmore than 50 years from the date of issuance of the Endorsement and have can be stretched out further as per the Public authority's guidelines in the event that the need emerges; The Certificate must specify the length of ownership of the house.

In the event that a foreign individual weds a Vietnamese resident or an abroad Vietnamese, he/she can possess a steady, long haul house and has similar rights as a Vietnamese citizen.

The foreign organization is eligible for homeownership in accordance with housing sale, lease purchase, gifting, or inheritance agreements for no more than the period stipulated in their Certificate of Investment—including extension period—and the period stipulated in that Certificate. The period of homeownership begins on the day the Organization is Given the Certificate and is stated in that Certificate.

Furthermore, foreign organizations and foreign individuals allowed to enter Vietnam have similar commitments as Vietnamese residents however should consent to the accompanying arrangements:

If the homeowner is a foreign individual, he/she is entitled to lease house for lawful purposes provided that he/she notifies the agency of district in charge of housing where the house is located of housing lease as prescribed in regulations of the Minister of Construction and pays taxes on housing lease as prescribed before leasing houses. In the event that a foreign individual gets married to a Vietnamese resident or an oversea Vietnamese, he/she fits the bill for steady and long haul homeownership and has all privileges of property holder similarly to Vietnamese residents.

If the homeowner is a foreign business, their house is only available to their employees; they can't use it for rent, offices, or anything else.

The above are arrangements on rights and commitments of foreign organizations and individuals while owning properties in Vietnam. For specific matters, please consult with real estate dispute lawyers in Vietnam for legitimate guidance for the property exchange from store understanding, house deals and buy arrangement, and enlistment of proprietorship with experts for authentication of land utilize right, or house owership declaration of to keep away from property questions in Vietnam, where the house possession, land use privileges are limited for outsiders.

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Italian investors want to invest in Vietnam

Economic and trade cooperation between Italy and Vietnam has created an exciting period than any time in recent memory. As of late, the Italian government has included Vietnam in the rundown of 20 nations that keep focusing on advancing exchange and venture until 2030.

On July 5th, 2022, the Vietnam-Italy Economic Cooperation Seminar the subject "Vietnam – A business and investment destination for Italian businesses" was organized by the Federation of Industry of Pisa province and Italian Chamber of Commerce in Vietnam (ICHAM), with the cooperation of Vietnamese Ambassador to Italy, the designation of the Embassy, heads of Pontedera cities, Pisa, Cascina, Calcinaia, heads of the Confederation of Industry of Pisa Province, and local businesses of the area of Pisa and the Tuscan region.

Vietnam is as of now Italy's biggest exchanging accomplice the Relationship of Southeast Asian Countries (ASEAN), while Italy is Vietnam's fourth biggest accomplice in the European Association (EU). Two-way exchange turnover 2021 will arrive at USD 5.6 billion, the most significant level ever, an increment of 20% contrasted with 2020. There are in excess of 110 Italian ventures putting resources into 18 regions and urban communities of Vietnam and working effectively. As of late, the Italian government kept on remembering Vietnam for the rundown of 20 nations that keep on focusing on advancing exchange and speculation until 2030.

Why Italian companies should invest and do business in Vietnam?

One is the dynamism of Vietnam's economy. Second, the deep integration of Vietnam's economy, which is a member of 16 Free Trade Agreements (FTAs) at the moment. These FTAs include brand-new and substantial ones like EVFTA, RCEP, and CPTPP. Third is Vietnam's changes and improvement needs. Fourth is the actions to help from the Italian government for organizations, particularly little and medium undertakings, in advancing "Made in Italy" items and internationalizing developing business sectors. Fifth is the reinforcing of trades and common figuring out between the people groups of the two nations.

The Vietnam Ambassador accepts that the meeting is a valuable chance to trade data and the kickoff of new participation projects sooner rather than later among Tuscany and Vietnam to upgrade this profoundly expected reciprocal collaboration. The Vietnam Ambassador communicated his expectation that an ever increasing number of Italian organizations overall and Toscana specifically will proceed with the outcome of Italian organizations putting resources into Vietnam, setting up company in Vietnam exploiting Tuscany area, with qualities in social qualities, long history, the travel industry, cooking, wine, design and workmanship items, and high innovation.

A representative of Esanastri printing organization, which has a factory set up in Vietnam, underscored that, notwithstanding lengthy involvement with the field of assembling silk-printed enhancements and 3D logos, as well as future arranging while moving the creation of head protector decorations, glue illustrations and 3D symbols to Vietnam, it was the cordial business climate in Vietnam that turned into an unequivocal variable for the improvement of the organization. Until now, Esanastri Vietnam has 50 workers and has produced more than half a million decorations with a turnover of about 3 million euros in 2021.

A representative of Segis organization, which likewise has a factory set up in Vietnam, imparted to the gathering participants about the triumphs of Segis Vietnam organization when the organization's furniture items with own plan has won many plan grants from the Modern Plan Relationship in Italy (Compasso D'oro), traded to Italy, Europe and USA for the beyond 10 years.

Vietnam Ambassador has required the help of the city experts in illuminating and supporting businesses doing business and investing and establishing companies in Vietnam, making good circumstances for trade exercises, culture and exchange among Vietnam and Italy inside the system of exercises to praise the 50th commemoration of the foundation of political relations between the two nations.

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