Question:

My business associate and I are exploring the possibility of creating a company with a Vietnamese partner.

I would like to find out the requirements to do so including costs and benefits, whether there is a minimum investment required and are we as foreigners entitled to resident cards if we do form a company?

Also, please include the fee for your services.

Answer:

I am Lawyer of SB Law. I was entrusted to provide you legal advice regarding to setting up company in Vietnam.

In Vietnam, generally, incorporating a Foreign Invested Company shall be more complicated in comparison with setting up a pure local company. In order to estimate required time and cost for supporting you in setting up such company, we need you to confirm us:

– What will you do in Vietnam? (Some business activities prohibit involvement from Foreign Investors or restrict foreign ownership. Meanwhile, some require for minimum investment capital).

– How much will you invest into Vietnam?

– What is the capital structure?

– Where will you locate the company in Vietnam?

We are looking forward to hearing from you soon.

P/S: When you are recorded as shareholder or owner of a company in Vietnam, you can obtain a temporary resident permit.

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