Question:

Our company is a company in Singapore. The company want to establish a wholly Foreign Invested Enterprise exercising trading activities in Vietnam.

Please send me a price quotation for the service.

Answer:

I.  SCOPE OF SERVICES

SBLAW is ready to provide package services to you for the purpose of establishing wholly Foreign Invested Enterprise in Vietnam to conduct trading activities as follows:

SCOPE OF SERVICES

Preparation of the application documents:

·                           Notifying application documents required in accordance with Vietnamese law;

·                           Drafting application documents required for submission purpose including application, power of attorney, board resolutions in English language;

·                           Liaising with client to discuss the draft application documents;

·                          Amending the application documents based on client’s comments;

·                           Obtaining preliminary comments from the licensing authority on the draft application documents;

·                           Finalizing the application documents following comments from the licensing authority; and

·                        Translating the final version of the application documents into Vietnamese for execution.

Licensing procedures:

·                           Submitting the application dossier to the licensing authority;

·                           Monitoring and following up with the relevant authorities on the approval   process,

i.e. Department of Planning and Investment, Department of Industry and Trade, Ministry of Planning and Investment; Ministry of Industry and Trade;

·                           Keeping client updated on the developments and additional requirements (if any); and

·                          Receiving and delivering results to Client.

Post-licensing procedures:

·                        Making announcement on establishment of NewCo;

·                        Obtaining the company seal and seal sample registration;

·                        Obtaining the company’s Tax Identification Number.

II-     PROFESSIONAL FEE

  • For setting-up a wholly FIE which exercises import right, export right, distribution right (without setting up wholesale/retail outlet), SBLAW kindly offer the professional fee of US$ 8,000 (U.S. Dollars Eight thousand).
  • For setting-up a wholly FIE which exercises trading (import, export right), SBLAW kindly offer the professional fee of US$ 6,000 (U.S. Dollars Six thousand).

Note: This fee is exclusive of VAT and other cost and expense as stated in Annex I herein.

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