Business consultancy
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ESTABLISH CHINESE COMPANIES IN VIETNAM
Two common methods Chinese investors may choose are establishing Chinese companies in Vietnam and capital contribution/purchase shares/purchase capital contributions to Vietnamese companies. Depending on financial situation and investment purpose, Chinese investors shall consider and choose the most suitable method. Procedures for establishment of Chinese companies in Vietnam: Step 1: Apply for the Investment Registration Certificate - A written request for permission for project execution; - Individual investors: copies of ID or passport of each individual; - Organization investors: copies of Establishment Certificate or equivalent paper confirming the legal status; - Project proposal specifying: the investors, project’s objectives and scale; capital and capital rising method; location, duration and schedule of the project; labor demand; - Copies of financial statements in the ... -
FOREIGN INVESTORS CONTRIBUTE CAPITAL, BUY SHARES IN VIETNAM
Foreign investors have rights to contribute capital, buy shares or capital contribution in business organizations in Vietnam. Methods for foreign investors to contribute capital, buy shares or capital contribution: - Buy shares of joint-stock companies through IPOs or additional issuance; - Contribute capitals to limited liability companies and partnerships; - Buy shares of joint-stock companies from the companies or their shareholders; - Buy capital contributions of limited liability companies and become members; - Buy capital contributions of partnerships and become partners. When foreign investors contribute capitals, buy shares, buy capital contributions in Vietnam, there might be two cases: Case 1: If foreign investors contribute capitals, buy shares or buy capital contributions that lead to the proportion of foreign ownership is less ... -
FOREIGN INVESTORS OPEN SPECIALTY CLINICS IN VIETNAM
Vietnam’s population is more than 94 million people, ranked 14th in the world and is a developing country, economic conditions are improving so the demand for health care of the people is higher. Medical examination and treatment services have also grown to attract both domestic and foreign investors. Foreign investors wishing to open specialty clinics in Vietnam should note the following procedures: Vietnam’s commitments pursuant to the WTO and other Free trade agreements are signed by Vietnam, establishment of specialty clinic in Vietnam, the minimum investment capital for 200,000 USD. Foreign investors open specialty clinics in Vietnam shall carry out as follows: Step 1: Establishment of foreign-invested companies ( establishment of new companies with 1 percent to 100 percent foreign investment ... -
ESTABLISH FOREIGN RESTAURANT IN VIETNAM
Currently, doing catering business is a potential investment sector which is growing rapidly. Tastes and trend of Vietnamese diners are diverse and variable. They are eager to try new dishes. In large cities, it is not hard to find restaurants owned by foreigners which provides their traditional dishes of many nations such as: France, Italy, Japan, Korea, Singapore, Thailand, China, India… In accordance with the Schedule of Specific Commitments in Services of Vietnam in WTO, catering services (CPC 642) and beverage (CPC 643) do not contain any limitation on foreign investors. That means foreigners are allowed to establish 100% foreign-owned company to provide catering services in Vietnam. There are two options foreign investors may choose: - Establish foreign-owned company providing ... -
THINGS ENTERPRISES HAVE TO DO AFTER ESTABLISHING
When receiving the Certificate of Business registration from Business Registration Division, some enterprises are in a hurry to operate but some others want to wait for more suitable time to start their business. All of them seems to forget that they still need to carry out some administrative procedures to obey the legal regulations. As soon as the Certificate is issued, company’s information has been posted on the system of the National Business Registration Office and managed by the local tax authority, so the company has to made initial tax declaration. The following article may be helpful for some enterprises to know the specific obligations and avoid being fined by the tax office. What to do after receiving the Certificate ... -
HOW TO SHUT DOWN A REPRESENTATIVE OFFICE
Arcoding to Vietnam’s Law on Enterprise 2014, a representative office of an enterprise shall be terminated under a decision of the enterprise or a decision to revoke the Certificate of registration of representative office issued by a competent authority. For Vietnamese merchants: Procedures: - Enterprises prepare complete documents as requested by the business registration department and submit them within the prescribed time limit; - Business Registration Office shall receive the notification, examine the documents, change the status of the representative office on National Enterprise Registration Database to “shut down”, and issue a notification of shutdown of the representative office. - Time limit for processing documents: 05 working days after receiving dossiers. No fee charge Documents needed includes: - The decision ...
