Consulting service on procedures for setting up a foreign-invested company

Find out what is a foreign invested company?

Foreign-invested companies are also known as FDI enterprises

FDI enterprises are also known as foreign-invested companies. Foreign investors are members or shareholders.

• If establishing a limited liability company with foreign capital: Foreign investors are members.
• If establishing a joint stock company with foreign capital: Foreign investors are shareholders.

Forms of foreign-invested companies in Vietnam are as follows:

• Enterprises with 100% foreign capital.
• Enterprises with foreign individuals and foreign organizations contributing capital to establish the company.

When choosing the form of investment to establish a foreign-invested enterprise, the investor will:

• Directly manage and operate capital use.
• The right to participate in business activities.

Procedures for setting up a foreign-invested company in Vietnam

Preparing documents to establish a foreign-invested company in Vietnam

Procedures for establishing a foreign-invested company in Vietnam need to prepare many papers and documents. These records are related to the investor, the location of the project, the location of the company's headquarters.

Registering foreign investment in Vietnam according to the procedures for granting an Investment Registration Certificate

Before establishing a company, foreign investors need to carry out procedures for issuance of an Investment Registration Certificate. Dossier to apply for an Investment Registration Certificate, specifically:

• A written request for the implementation of an investment project.
• Proposing investment projects.
• In case the investor is an organization: A copy of the certificate of establishment or a document confirming the legal status.
• In case the investor is an individual: Copy of identity card/citizen identification card/passport.
• Copy of financial statements for the last 2 years / commitment to financial support of the parent company.
• Proposed land use needs.
• Explanation of technology use, if any.
• A written request for the implementation of an investment project.

All documents are submitted to the Department of Planning and Investment where the project's head office is located.

Registration of establishment of a foreign-invested company

Dossier of application for establishment of a foreign-invested company in Vietnam is as follows:

• Business registration application form.
• Company rules.
• List of members/shareholders of the company.
• Copy of Citizen ID Card / Copy of People's Identity Card / Copy of Members' Passports.
• Copy of Investment Registration Certificate for foreign investors.
• Lease contract for the company's headquarters.
• Power of attorney for the person performing the procedure.

All documents are submitted at the Business Registration Office where the company is headquartered.

Issuance of Business License

Issue of business license only applies to foreign investors doing business in the field of import, export and distribution of goods in Vietnam. This is a mandatory condition for a foreign-invested company to operate in the field of import, export and distribution of goods in Vietnam.

Consulting service on procedures for establishing a foreign-invested company of Vinh Ha

Consulting services to help businesses save time and money

Vinh Ha Investment Consulting Co., Ltd specializes in consulting and providing services to establish foreign-invested companies in Vietnam. Consulting services for establishing a foreign-invested company of Vinh Ha specializes in:

• Consulting and assisting with legal issues: Making business establishment documents, project appraisal documents and industry explanations:
• Drafting and implementing dossier procedures with SKH & Tel.
• Drafting and implementing procedures with ministries and sectors related to the explanation of professions subject to verification.
• Carry out procedures at the Department of Planning and Investment, the Management Board of Economic Zones and the People's Committee for the issuance of the Investment Certificate.
• Consulting and explaining issues arising when performing related legal support works.
• Carry out the procedures for engraving the company's legal seal at the competent authority.
• Drafting and carrying out procedures for applying for a company tax identification number at a competent authority.
• Company representatives meet, work and exchange directly with relevant agencies. Thereby completing the procedures for establishing a joint venture enterprise with foreign capital.

Foreign investment in Vietnam takes various forms. Each form of investor will have to prepare different documents and procedures. Therefore, the consulting service on procedures for establishing a foreign-invested company was born. Vinh Ha's service will support detailed advice to save time and money. Contact Vinh Ha immediately for the earliest support.