Service of setting up a foreign capital/FDI company in Vietnam

Do you want to start a business in Vietnam? We provide the service of setting up foreign-invested (FDI) companies with a package only from 15,000,000 VND.

The service of establishing foreign-invested companies in Ho Chi Minh City, Hanoi, Da Nang, Binh Duong, Thai Nguyen… with a package only from 15,000,000 VND, completed after 25 -30 days, handing over the investment certificates, business licenses, seals to the enterprises. We provide services for Chinese, Japanese, Malaysians, Koreans, Americans… who want to start a business in Vietnam.

HOW DO FOREIGNERS SET UP FDI COMPANIES IN VIETNAM?

Depending on specific capital contribution conditions, investors can choose one of the following two ways to establish a foreign capital company:

➨ Method 1. Register for an investment certificate

In this way, investors will follow the process to register for an Investment Certificate in Vietnam. After obtaining the certificate, investors will carry out the procedures for registration of the establishment of the company.

Time to complete is from 40 – 55 days or it may take longer depending on registered business fields.

Having an investment certificate will facilitate investors when they participate in bidding for large projects and some big projects from the Government.

➨ Method 2. Contributing capital to a Vietnamese company

With this method, investors will proceed to establish a company with 100% Vietnamese capital. After that, investors contribute capital and buy shares to become shareholders of this company.

It takes 20 – 25 days from the date of submission to complete the process.

The establishment of a foreign-owned company in this way helps save costs, shorten time consuming and simplifies the accounting system, compared to method 1.

SERVICE OF SETTING UP AN FDI COMPANY BY CONTRIBUTING CAPITAL TO A VIETNAMESE COMPANY

Duration: 20 – 25 working days.

The process of starting a foreign company with Vietnamese capital then transferring is as follows:

1. Process to register a company with 100% Vietnamese capital: 5 days;
2. Capital conversion from Vietnamese shareholders to foreign shareholders: 15 – 20 days.

Choosing the service of establishing a foreign company in the form of transfer at Tan Thue Viet Accounting, you only need to provide the following documents:

1. Information to be established: company name, address, business lines, charter capital…;
2. Notarized copy of ID card/CCCD/passport of Vietnamese to establish a company with 100% Vietnamese capital and capital contributors (2 copies);
3. If you are an individual investor: A notarized copy of the passport of the foreign investor to proceed for transferring capital from a Vietnamese shareholder to a foreign shareholder (3 copies);
4. If it is an investment organization: Notarized copy of consular legalized business registration certificate (2 copies).

Note:

Tan Thue Viet supports free consultation and information about the expected establishment. Hence, to avoid unexpected arising, you just need to share with Tan Thue Viet your industry, intended business goals, and Tan Thue Viet  will complete all procedures accurately and quickly on your behalf.

Total cost: Nationwide 30,000,000 VND.

Duration: 40 – 45 working days.

The process of establishing a foreign-invested company as follows:

1. Investment registration (According to Vietnam’s 2014 Investment Law applicable to foreigners investing in Vietnam): 35 – 40 days;
2. Registration of establishment of a foreign-invested capital company: 5 days.

➨ The documents you need to prepare when setting up a company in Vietnam include:

1. Dossiers to apply for an investment certificate:
   • Notarized copy of passport for investors being foreign individuals;
   • Notarized copy of ID/CCCD/passport of Vietnamese people (if Vietnamese people contribute capital);
   • Documents verifying that the foreign investor’s bank account balance is higher than the invested capital;
   • Location lease contract to implement investment project;
   • Profile of capacity and experience of foreign investors.
2. Dossiers of establishment of a foreign capital company;
   • Notarized copy of the foreign investor’s operation license;
   • Authorization letter from foreign investor for representative;
   • Notarized copy of passport of the company representative;
   • Company rules.

Note:

Foreign documents must be consular legalized and translated into Vietnamese certified.

For wholesale and retail industries, after being licensed by the Department of Planning and Investment, they must register their business with the Department of Industry and Trade.

With the direct investment method, the enterprise will be granted an investment certificate by the Department of Planning and Investment – a prerequisite for the project to operate. That is why, investors are required to choose the form of direct investment in the two following cases:

• When planning to implement large projects or projects related to the state;
• When planning to use legal status in Vietnam to invest abroad.

In fact, not all foreign investors have Vietnamese acquaintances/relatives. Therefore, the condition “must have a Vietnamese person in the company’s name at the beginning of establishment” in the form of capital contribution to a Vietnamese company leads to low reliability and high risk.

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