SERVICE OF FOREIGN INVESTMENT CONSULTING: ESTABLISHMENT OF A FOREIGN-INVESTED COMPANY IN VIETNAM

SERVICE OF FOREIGN INVESTMENT CONSULTING: ESTABLISHMENT OF A FOREIGN-INVESTED COMPANY IN VIETNAM

As Vietnam continues to strengthen its position in the global economy, the country has become an increasingly attractive market for foreign investors seeking long-term business opportunities in Southeast Asia. Supported by a stable political environment, competitive labor force, and ongoing economic reforms, Vietnam offers favorable conditions for international enterprises to expand their operations. In particular, the country’s commitments under various international trade agreements have contributed to a more transparent and accessible investment framework. As a result, understanding the legal regulations and market access conditions applicable to foreign-invested enterprises has become an essential step for investors planning to conduct business activities in Vietnam.

Prospective clients seeking assistance with procedures for establishing a foreign-invested enterprise in Vietnam are kindly invited to contact Dai Quang Minh Law Firm via Hotline: 0932 191 299; Zalo: 0932 191 299; Email: info@quangminhlawfirm.com; Viber: (+84) 337 926 405; WhatsApp: (+84) 337 926 405; WeChat: (+84) 337 926 405 (ID: pouniverse) for complimentary consultation and comprehensive, efficient, and accurate legal services.

In addition, Dai Quang Minh Law Firm provides a wide range of services, including sub-licenses, business registration, investment, foreign labor, and ongoing legal advisory services for both domestic and foreign enterprises.

Contact:

- Zalo: 0932.191.299

- Gmail: info@quangminhlawfirm.com

- Viber: (+84) 337926405/ (+84) 869672216

- WhatsApp: (+84) 337926405/ (+84) 869672216

- Wechat: (+84) 337926405 (ID: _pouniverse)/ (+84) 869672216 (ID: DQM_Verna)

- Telegram: (+84) 337926405/ (+84) 869672216

I. When is it necessary to establish a company?

Deciding to establish a company is an important step, marking the development of business activities. However, not every business activity requires establishing a company. So when should customers consider establishing a company? Here are some factors to consider:

- Expanding business scale: When business activities develop, customers need to expand scale and access larger markets. Establishing a company will help improve reputation, create brand and attract investment.

- Limiting legal liability: Establishing a company helps clearly define legal responsibilities between individuals and businesses. In the event of a dispute, your personal assets will be protected.

- Enjoy tax incentives: Tax policies for businesses have more incentives than for individual businesses.

- Enhance reputation, create brand: The company is often highly appreciated by customers and partners for its professionalism and reliability.

- Attracting investment: Establishing a company creates favorable conditions to mobilize capital from investors, contributing to business expansion.

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II. Conditions for establishing a company

According to the provisions of the Law on Enterprise 2020 to establish a company, customers need to fully meet the following conditions:

- Subjects establishing a company: individuals and organizations with the right to establish, contribute capital to establish and manage a company, except for one of the cases specified in Clause 2, Article 17 of the Law on Enterprises 2020.

- Head office: Must have a clear and specific address, not violating regulations on construction order and fire prevention.

- Company name: Not identical or confusing with the name of another registered company.

- Charter capital: Is the amount of capital contributed or committed to be contributed by members to carry out the company’s business activities. The level of charter capital must be appropriate to the scale and industry of business.

- Business lines: Must comply with legal regulations and not be on the list of prohibited business lines.

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III. Process and procedures for establishing a company

Prepare information to prepare company establishment documents

1. Choose the type of business:

Choosing the right type of business is the first and very necessary step. Customers need to carefully learn about the characteristics, advantages and disadvantages of each type to make the right decision.

According to the Law on Enterprise 2020, there are the following types of enterprises:

- Private enterprise;

- Partnership company;

- One-member limited liability company;

- LLC with two or more members;

- Joint stock company.

2. Choose a business line: Customers need to clearly identify the main business line and secondary business lines (if any). Business lines must be permitted by law and must meet prescribed business conditions (if any).

3. Name the company: The company name must comply with the provisions of law on naming businesses. Specifically, the company name must not be identical or confusing with the name of another registered company. Customers can look up the National Business Registration Portal to check whether the company name has been registered or not.

4. Determine the company headquarters address: The company’s headquarters address must be the actual address where the company’s management and operating activities take place.

5. Identify members/shareholders: Customers need to clearly determine the number of members/shareholders and the capital contribution ratio of each member/shareholder.

6. Determination of charter capital: Charter capital is the total capital contributed or committed to contribute by members/shareholders. The level of charter capital must be appropriate to the scale and industry of business.

7. Determine the legal representative: The legal representative is the person who represents the company to carry out transactions, sign contracts and is responsible before the law for the company’s operations.

Drafting company establishment documents

Company establishment documents include:

- Application for business registration;

- Company charter;

- List of members/shareholders;

- Copies of identification documents of members/shareholders;

- Investment registration certificate (if there is a foreign element);

- Other documents as prescribed by law for each business line.

Submit documents to establish a company and receive a business registration certificate

- Customers can apply to establish a company directly at the Business Registration Office under the Department of Planning and Investment or submit online through the National Business Registration Portal.

- After submitting the application, customers will receive an application receipt. Within 03 working days, if the application is valid, customers will be issued a Business Registration Certificate.

Make a legal entity seal

After being granted the Business Registration Certificate, customers need to make a legal seal for the company. The seal must comply with regulations on form and content and be registered with the police agency.

Procedures after establishing a company

After registering the company, the following tasks need to be done by the company to ensure legal and favorable business operations:

- Hang company signs;

- Register digital signature;

- Open a bank account;

- Register for electronic tax payment.

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Why choose Dai Quang Minh LawFirm

With years of practical experience in legal consulting, Dai Quang Minh Law Firm is a pioneer in corporate support services, specializing in fast and affordable company formation. Below are the reasons to choose business registration services at Dai Quang Minh Law Office:

Human Resources: Established in September 2009, with over 15 years of practical experience, Dai Quang Minh Law Firm brings together a team of lawyers and legal experts with long-standing expertise in private economic groups nationwide.

Consulting Policy: Clients are gifted a completely free legal consulting package when using services at Dai Quang Minh Law Firm.

Professionalism and Experience: Dai Quang Minh Law Firm has a workforce with in-depth knowledge of business formation, ensuring a swift and accurate consulting process.

Time-Saving: Using Dai Quang Minh Law Firm's services helps you save precious time as we handle the entire process and related procedures.

Legal Insight: Dai Quang Minh Law Firm ensures that all relevant legal regulations are strictly followed in accordance with the law.

Customization: Our consulting services are highly adaptable to your specific needs, allowing you to choose options suitable for your business.

Trusted Partner: Dai Quang Minh Law Firm has built a reputation for providing affordable business setup consulting to many enterprises and individuals nationwide.

Confidentiality Assurance: Dai Quang Minh Law Firm is committed to the absolute protection of your personal and business information.

Detailed Support: Dai Quang Minh Law Firm provides detailed advice and support regarding the process and requirements to help you better understand business formation.

Process Optimization: Our consulting helps optimize the business setup process, minimizing potential risks and difficulties.

Excellent Customer Experience: Dai Quang Minh Law Firm is dedicated to providing the best customer experience through professional advice and enthusiastic support.

Focus on Business Plans: By utilizing our registration services, you can focus on developing your business plans and core activities instead of worrying about legal procedures.