8 Important Steps Guide to Establish Company in Vietnam
It is possible for
foreign investors to 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... with particular steps including:
Step 1: Register the
investment project to establish company in Vietnam
Investors submit a
registration file for an investment project to the business registration office
of the province, city, or management board of an industrial, export processing, or high-tech zone for approval within 15 days (without additional time for
clarification).
Step 2: Apply for Certificate of investment
registration
Investors can apply for
a business registration certificate in Vietnam by submitting a valid record to
the Department of Planning and Investment within ten days of the investment
project's approval.
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
Within 30 days of
receiving the certificate of enterprise registration, the investor is required
to disclose the following information about the company on the national
enterprise registration portal:
i, Business lines;
ii, List of founding
shareholders and shareholders being foreign investors for joint-stock
companies.
Step 5: Registered
business stamp
The form, quantity, and
contents of the company's stamp are entirely up to the business. The following
information must be displayed in the stamp's content:
-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
Investors send notices
on use of stamp forms to the Investment registration agency after getting a
stamp. The Investment registration agency stamps samples of businesses,
branches, and representative offices for businesses, publishes the business's
notice on the National Business Information Portal, and issues a receipt for
the business following receipt of the record.
Step 7: Open bank
account
Financial backers need
to open two sorts of ledgers, to be specific the speculation capital record to
get the venture sum and the exchange represent going through with everyday
exchange in Vietnam.
Step 8: The post
licensing procedures
For the conditional
business lines:
Investors investing in
conditional business lines as defined in Appendix 4 of the Investment Law 2014
are required to have professional liability insurance, a certificate of
business qualification, practicing certificates, and other documentation… prior
to directing business in Vietnam.
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