Establishment of a foreign-owned company in painting service.

In our consulting experience, SB Law see many foreign investors coming to Vietnam service market. It is considered as the potential market to explore. The popular question of many foreign investors is the legal procedure to establish a foreign-owned company in painting service. Are the foreign investors able to run a business in this area […]

Establishment of a foreign-owned company in painting service.

In our consulting experience, SBLAW see many foreign investors coming to Vietnam service market. It is considered as the potential market to explore. The popular question of many foreign investors is the legal procedure to establish a foreign-owned company in painting service. Are the foreign investors able to run a business in this area in […]

Please help to distinguish the application of law on foreign direct and indirect investment in Viet Nam with respect to foreign investors?

First, it is necessary to identify “foreign investors”, “direct investment” and “indirect investments” in Viet Nam in accordance with 2005 Investment Law as follows: According to Article 3.5, “foreign investors” means foreign organizations/individuals investing capital to carry out investment activities in Vietnam including enterprises established under the Law on Foreign Investment in Viet Nam before […]

Please specify the regulations applicable only to foreign – invested project in Vietnam regarding the field in which investment is conditional?

The laws on investments stipulate some regulations only applicable in fields in which investment is conditional to foreign-invested projects in Vietnam on a different manner as compared to domestic investment projects. In particular, in addition to the general regulations on the fields in which investment is conditional in Article 29 of the Investment Law, foreign-invested […]

Please tell us about the regulations on authorities to approve to issue Investment Certificates only applicable to foreign-invested project in Vietnam?

2005 laws on investment give general provisions on decentralization of the issuance of Investment Certificates to provincial People’s Committees and Management Boards of Investment Zones, export-processing zones, high-tech zones and economic zones, Article 37 Decree 108/2006/ND-CP give general provisions on projects investing in some important fields, projects of big scale where the Prime minister shall approve […]

Please tell about the provisions on the establishment of economic organizations only for application to foreign investors?

Foreign investors can establish an enterprise in the form stipulated in the Enterprise Law, there are only specific regulations applicable to the establishment of enterprises in the form of joint stock companies and private enterprises as follows: a)      for joint stock companies, the owner of foreign invested business must be founding shareholders, where there are […]

Please name the regulations on investment procedures, items included in the investment project dossiers and sites for carrying out investment and business registration procedures only for application foreign investors?

1. Regarding investment procedures: Domestic investment project of less than VND 15 billion and not falling under fields in which investment is conditional shall not have to carry out investment registration (Article 42 and 43 Decree 108/2006/ND-CP) Foreign invested projects of less than VND 300 billion (including below VND 15 billion) and not falling under […]

Are foreign-invested enterprises in the form of Limited Liabilities sep up under the former Law on foreign Investment considered as Limited Liabilities Companies under the current Enterprise Law?

According to the former Law on Foreign Investment, joint venture enterprises and wholly-foreign owned enterprise formed up in the form of limited liability companies (Article 6, Article 15 of the Law on Foreign Investment); In Article 6 Decree 101/2006/ND-CP date 21/9/2006 on re-registration, conversion and registration for renewal of Investment Certificates by foreign investment business […]