Question: We intend to set up a company in Vietnam for trading purpose. The company will be involved in import/export of minerals. Our major products are limestone, dolomite, quick lime and many other goods. We are looking forward to set up a 100% foreign owned company in Ho Chi Minh City.

We look forward for your association for setting up a company in Vietnam.

We await your kind response.

Answer: This is reference to your email below. We understand that you would like us to advise on establishment of 100% foreign owned company in Vietnam for import and export of limestone, dolomite, quick lime.

For this purpose, you shall be required to obtain an Investment Certificate and a Certificate of Business Registration. We assume that it shall take you about 1,5 months or 2 months to complete all.

Vietnam Law does not impose any minimum capital for this business field. You shall be liable to estimate sufficient amount of money to cover your business activities in Vietnam.

According to our practical experience, generally, the more goods you would like to involve (you shall be required to list out all products that you wish to import/export and their HS Code) the more capital that you have to inject.

We assume that with your list of goods, you shall be required to invest at least 100,000USD.

Our estimated professional fee for this case is 4,500USD. The fee is exclusive of 10% VAT and actual cost for translating your documents from English into Vietnamese.

However, we reserve our right to re-quote our fee if your list of goods include goods other than limestone, dolomite and quick lime.

If you would like further information on Set up a 100% foreign owned company in Vietnam, please either email to our Partners at: info@sblaw.vn or call to our Office:

Ha Noi Office: +84 (4) 62 62 0246

HCM Office: +84 (8) 35 208 101.

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