Business consultancy
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CAPITAL CONTRIBUTION IN VIETNAM
According to the Law on Investment 2014, the Law on Enterprises 2014 and documents providing guidelines for implementation, foreign investors may invest in Vietnam by contributing capital, buying shares or buying capital contributions of Vietnamese enterprises. Vietnamese enterprises are which were established in Vietnam and are in operation, including 100% local-owned enterprises and foreign-invested enterprises. The investment process shall be regulated as follows: Methods for capital contribution in Vietnamese enterprises for foreign investors: - Buy shares of joint-stock companies from the companies or their shareholders through IPOs or additional issuance; - Buy capital contributions in limited liability companies which were contributed by their members and become members of limited liability companies; - Buy capital contributions in partnerships which were contributed ... -
FOREIGN BIDDERS LICENSE IN VIETNAM
Different from local contractors, a foreign contractor must be granted the Construction License in accordance with each construction contract after winning bid. Procedures for issuance of the Construction License of foreign contractor is regulated in Decree No. 59/2015/NĐ-CP (on construction project management) and Circular No. 14/2016/TT-BXD (providing guidelines for the issuance of construction licenses and the management of foreign construction contractor in Vietnam, which has been effective from August 15, 2016). A dossier for requirement for issuance of the Construction License of foreign contractor: - An application form for the Construction License (using the form prescribed in the Annex 1 of Circular No. 14/2016/TT-BXD); - Certified as true copies of the report on bidding result or legal decision on bidding ... -
ADJUST THE INVESTMENT REGISTRATION CERTIFICATE IN VIETNAM
According to the Law on Investment 2014 which is effective from July 1st 2015, if foreign enterprises in Vietnam (mean those are established under the law of Vietnam and international agreements to which the Socialist Republic of Vietnam is a member) want to change any information on the Certificate of Investment Registration such as investor’s information, enterprise’s information, investment project’s information (objectives, scale, location, method, capital and duration), investors have the obligation to perform the procedures for adjustment of the Certificate of Investment Registration and the Certificate of Business Registration. I - For an investment project which is not subject to a decision on investment policies. A dossier for adjusting the Certificate of Investment Registration includes: - A written request for ... -
ESTABLISH REPRESENTATIVE OFFICE IN VIETNAM
From August 20, 2016, Circular No. 11/2016/TT-BCT, providing guidelines for Decree No. 07/2016/NĐ-CP (providing detailed regulations on establishment of representative offices of foreign traders in Vietnam), has become effective. There are many new regulations which regulate the dossier, procedures and operation of representative offices of foreign enterprises in Vietnam. Conditions of establishment of representative offices of foreign traders in Vietnam: A foreign traders shall be granted the Establishment of Representative Office License when the following conditions are satisfied: The foreign enterprise was established and registered under the law of the foreign country which is a member of any international agreement to which Vietnam is a member too or under the local law of the foreign country; The foreign enterprise has ... -
ESTABLISH FOREIGN BRANCH IN VIETNAM
On January 25, 2016, the Government enacted Decree No. 07/2016/NĐ-CP (providing detailed regulations on establishment of representative offices or branches of foreign traders in Vietnam under the Law on Commerce). The Decree No. 07/2016/NĐ-CP replaced the Decree No. 72/2006/NĐ-CP which was enacted on July 25, 2006. The Decree No. 07/2016/NĐ-CP become effective from March 10, 2016. To be granted the Establishment of Branch License, a foreign trader must satisfy the following conditions: The foreign trader was established or registered under the law of country or territory which is a member of any international agreement to which Vietnam is also a member or is recognized by the aforesaid country or territory; The foreign trader has been operated at least 05 years ... -
ESTABLISH 100% FDI ENTERPRISE IN VIET NAM
ESTABLISH 100% FDI ENTERPRISE IN VIET NAM The Law on Investment 2014 has become effective from July 1st 2015. According to these regulations, procedures for establishment of a 100% foreign-owned enterprise include the following steps: Step 1: Register investment policy at the People’s Committees of provinces: Foreign investors who invest in Vietnam shall have to perform procedures for requirement of the Certificate of Investment Registration. However, before performing this, under certain circumstances, investors shall have to register investment policy at the People’s Committees of provinces. Dossier includes: - A written request for permission for investment project execution; - If investor is an individual: a copy of ID card or passport; If investor is an organization: a copy of the Certificate of ...
