When foreign investors invest in Vietnam,
they could establish
company in Vietnam. Foreign investors have the right to choose
the appropriate forms of enterprise such as a limited liability company, joint
stock company, etc. with specific steps are as follows:
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How to establish company in Vietnam?
Step 1: Register the
investment project
Investors submit an investment project
registration file to the Business Registration office of the province or city
or the management board of an industrial zone, an export processing zone or a
high-tech zone for the approval of an investment project during the period
within 15 days (without time for clarification).
Step 2: Apply for
Certificate of investment registration
After approval of the investment project,
investors submit a valid record to the Department of Planning and Investment
within 10 days to apply for a business registration certificate.
Step 3: Apply for the
certificate of business registration
After obtaining the business registration
certificate, the investor shall submit the application for enterprise
registration certificate to the enterprise registration office
within 3 days.
Step 4: Publish the content
of the business registration
After being granted the certificate of
enterprise registration, the investor shall disclose information about the
enterprise on the national enterprise registration portal within 30 days,
including the following information:
i, Business lines;
ii, List of founding shareholders and
shareholders being foreign investors for joint-stock companies.
Step 5: Registered business stamp
The enterprise has the right to decide on the
form, quantity and contents of the stamp of the enterprise. The content of the
stamp must show the following information:
-Company’s name;
-Business code.
After receiving the legal entity stamp and
before using the business stamp, the enterprise must send a notice on the stamp
of the enterprise to the business registration office for publication in the
National Information Portal on the business registration.
Step 6: Notice of use of
stamp:
After having stamp made, investors submit
notices on use of stamp forms to the Investment registration agency. After
receiving the record, the Investment registration agency issues a receipt for
the enterprise, publishes the notice of the enterprise on the National Business
Information Portal and issues a notice of the posting, stamp samples of
enterprises, branches and representative offices for enterprises.
Step 7: Open bank account:
Investors need to open two types of bank
accounts, namely the investment capital account to receive the investment
amount and the transaction account for conducting daily transaction in Vietnam.
Step 8: The post licensing procedures:
For the conditional business lines:
Investors investing in conditional businesses
lines as regulated in Appendix 4 of the Investment Law 2014 must apply certificate
of business qualification, practicing certificates, professional liability
insurance, legal capital requirements, etc. before conducting business in
Vietnam.
With highly professional
staff and great experience in foreign investment, ANT Lawyers would like to
support you in establishing
company in Vietnam.
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