Establishment of Branch of Foreign Invested Company in Ho Chi Minh City
According to Vietnam Law on Investment and Law on Enterprises, it is possible that a company having foreign invested capital to open a branch in other provinces (Ho Chi Minh City) so that we do believe we can support well your business. However, we would like to note that during the licensing process, the competent […]
Q&A about opening a pawn shop in Vietnam
Is it possible to arrange pawn shop business, like grant short-term loans against jewelry? Vietnam does not commit to open market for Foreign Investor to run pawn shop business in Vietnam. It shall be totally depended on economy plan. What kind of permissions does investor have to obtain for opening pawn shops? Investor must obtain […]
General Manager of a company in Vietnam
1. Can a foreign citizen act as a General Manager? Yes, a foreign citizen can act as a General Magnare 2.In case a foreigner can act as a General Manager what are the permissions he/she should obtain? He/she must obtain the work permit. The work permit shall be exempted if he/she is also shareholder of […]
Q&A about formation of foreign company in Vietnam
1. Procedures for establishment of a legal entity. Under Vietnam Law, foreign investors can run its foreign investment project for profit making purpose by (i) Setting up a Foreign Invested Company under the form of Wholly Foreign Invested Company; (ii) Co-operating with a local Partner in order to setup a Joint Venture Company or to enter […]
Setting up a marketing company in Vietnam.
BRIEF SUMMARY OF BACKGROUND The establishment of the NewCorequires an Investment Certificate from the licensing authority. Depending on the location of the company, the licensing authority may be the provincial People’s Committee (for companies located outside industrial or export processing zones) or the provincial Industrial and Export Processing Zones Management Authority (for companies located in […]
Set up a foreign invested company conducting import and export right in Vietnam.
The establishment of the foreign invested company (hereinafter referred to as the “NewCo”)requires an Investment Certificate from the licensing authority. Depending on the location of the company, the licensing authority may be the provincial People’s Committee (for companies located outside industrial or export processing zones) or the provincial Industrial and Export Processing Zones Management Authority […]
Checklist of necessary documents for setting up foreign invested company in Vietnam.
There is checklist of necessary documents for setting up foreign invested company in Vietnam. No. Documents Who to provide Language Remark 1. Certificate of Incorporation of two companies or equivalent documents Client English To be certified and legalized at Vietnam Embassy incountry of investor. Two certified and legalized copies shall be required 2. Audited […]
Set up a Limited Liability Company conduct distribution right in Vietnam.
Set up a Limited Liability Company conduct distribution right in Vietnam. The establishment of Company (NewCo) requires an Investment Certificate from the licensing authority. Depending on the location of the company, the licensing authority may be the provincial People’s Committee (for companies located outside industrial or export processing zones) or the provincial Industrial and Export […]
Amendment of owner and legal representative for foreign invested company in Vietnam
In case a Foreign Invested Company (“FIC”) would like to change of its owner and Legal Representative (“FIC”) with Vietnam Competent Authorities, We, therefore, are grateful to present our legal service proposal for client’s review and consideration. Under Vietnam Law, a FIC is entitled to amend the Investment Certificate to reflect change of its Owner/Shareholder […]