To help Clients start business in Vietnam, HD LAW Consulting introduces the service to assist in setting up business venture in Vietnam.
Foreign investors could make direct investment in Vietnam through setting up one hundred per cent (100%) capital of foreign investors, or establishing joint venture between domestic and foreign investors, or investing in the contractual forms of: BCC, BO, BTO, and BT.
Types of enterprise for foreign investors to invest in Vietnam are as following:
Limited Liability Company
A limited-liability company may not issue securities to mobilize capital.
Joint Stock Company
The main difference between Joint Stock Company and Limited Liability Company is the Joint Stock Company can raise funds by offering shares or securities. In addition, an enterprise tends to join the Stock exchanges or public company must be a Joint Stock Company. Management system of Joint Stock Company is more complicated than Liability Company.
Unlimited liability partners must be individuals who shall be liable for the obligations of the company to the extent of all of their assets. Limited liability partners shall only be liable for the debts of the company to the extent of the amount of capital they have contributed to the company.
Representative Office of Foreign Trader
Representative Office is not allowed to directly conduct profit making activities in Vietnam (i.e: the execution of contracts, direct payment or receipt of funds, sale or purchase of goods, or provision of services)
Branch of Foreign Trader
The Branch is permitted to conduct activities being the purchase and sale of goods and other commercial activities consistent with its license for establishment in accordance with the law of Vietnam and any international treaty to which the Socialist Republic of Vietnam is a member.
* THE PROCESS OF VIETNAM COMPANY REGISTRATION
The incorporation process of each legal entity type is different and takes from 1 to 3 months.
In general, foreign investors should pursue the process as follows:
- International investors are obliged to obtain an Investment Registration Certificate (IRC) from the Department of Planning and Investment (DPI).
- An Enterprise Registration Certificate (ERC), is the second mandatory document to be obtained during the registration procedure.
- After receiving both certificates, investors are obliged to proceed with their tax registration, pay business license tax and make their initial capital contribution.
This is just an overall look for setting up a new foreign company in Vietnam, we are one stop service provider to set up your company with a reasonable price; professional, quick and great service.
Any support you may need, please contact us today via:
Phone number: 0988.073.181 (Phone/WhatsApp/Viber available)