Foreign investors may
invest in the form of 100% capital to establish a limited liability company,
joint stock company, partnership company or other forms in investment in
Vietnam.
Foreign investors that
invest in Vietnam for the first time must have investment projects and fill in
investment registration or examination procedures at state agencies in charge
of investment in order to be granted investment registration certificates.
Investment certificates shall concurrently be business registration certificates.
Company with 100% foreign capital has founded and operated from the date
of issuance of the investment certificate.
A project dossier
for establishing a company in Vietnam shall
comprise:
- Registration/Request
for issuance of Investment Certificate;
- A
report on financial capability of the investor;
- Draft
of the company’s charter;
- List
of members of company;
- Copy
of the people’s identity card, passport or other lawful personal
certification, for individual members;
- Copy
of the establishment decision, business registration certificate or other
equivalent document, for member organizations;
- Copies
of the authorization document, the people’s identity card, passport or
other lawful personal certification, for authorized representatives.
- Copies
of the business registration certificates of the foreign member
organizations must be authenticated within three months before the date of
submission of the business registration dossier by agencies where such
organizations are registered;
- Written
authorization of the investor in case investor is organization and valid
copy of the lawful personal certification of the authorized
representative. Documents in foreign languages must be translated into
Vietnamese, notarized and legalized;
- The
joint-venture contract or Business Cooperation Contract (BCC);
- Other
documents required by Vietnam law.
The establishment of a
company in Vietnam would take from 30 days. The extra time might be
needed in case the investment area is
conditional or the State government needs to examine the investment
project. Minimum capital, special licenses or other conditions might be
required in certain investment projects.
The law
on investment constantly changes which ANT Lawyers will monitor and
provide relevant update.
Source: ANTlawyers.vn
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