When foreign investors invest in Vietnam, they could establish
company in Vietnam. Foreign investors have the right to choose the
appropriate forms of enterprise such as a limited liability
company, joint stock company, etc. with specific steps are as
follows:
Step 1: Register the investment project
Investors submit an investment project registration file to the
Business Registration office of the province or city or the
management board of an industrial zone, an export processing zone
or a high-tech zone for the approval of an investment project
during the period within 15 days (without time for
clarification).
Step 2: Apply for Certificate of investment
registration
After approval of the investment project, investors submit a valid
record tothe Department of Planning and Investment within 10 days
to apply for a business registration certificate.
Step 3: Apply for the certificate of business
registration
After obtaining the business registration certificate, the investor
shall submit the application for enterprise registration
certificate to the enterprise registration office within 3
days.
Step 4: Publish the content of the business
registration
After being granted the certificate of enterprise registration, the
investor shall disclose information about the enterprise on the
national enterprise registration portal within 30 days, including
the following information:
i, Business lines;
ii, List of founding shareholders and shareholders being foreign
investors for joint-stock companies.
Step 5: Registered business stamp
The enterprise has the right to decide on the form, quantity and
contents of the stamp of the enterprise. The content of the stamp
must show the following information:
– Company's name;
– Business code.
After receiving the legal entity stamp and before using the
business stamp, the enterprise must send a notice on the stamp of
the enterprise to the business registration office for publication
in the National Information Portal on the business
registration.
Step 6: Notice of use of stamp:
After having stamp made, investors submit notices on use of stamp
forms to the Investment registration agency.After receiving the
record, the Investment registration agency issues a receipt for the
enterprise, publishes the notice of the enterprise on the National
Business Information Portal and issues a notice of the posting,
stamp samples of enterprises, branches and representative offices
for enterprises.
Step 7: Open bank account:
Investors need to open two types of bank accounts, namely the
investment capital account to receive the investment amount and the
transaction account for conducting daily transaction in
Vietnam.
Step 8: The post licensing procedures:
For the conditional business lines:
Investors investing in conditional businesses lines as regulated in
Appendix 4 of the Investment Law 2014 must apply certificate of
business qualification, practicing certificates, professional
liability insurance, legal capital requirements, etc. before
conducting business in Vietnam.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.