vietnam company registration Update time 00:00:00, 09/12/2011 - 6574 views Vietnam company formation: Attorney Business Services for foreign companies: collect debts, verifications of information, statements, claiming procedures. Company registration in Vietnam isn't particularly complicated. Up to that point, he or she can appoint local company registration agents who can handle the drafting of the documents related to the incorporation of the business. We handle everything. In most industries, they can own 100% of the shares of their business.In a few selected industries, company registration in Vietnam is only allowed in a joint venture agreement with a Vietnamese individual or corporate shareholder. The Decree links these initial registration steps in one process under the one company registration … Vietnam Business Services and Vietnam market entry solutions and expertise to companies and entrepreneurs wishing to take advantage of the attractive quality-to-cost ratio of Vietnamese manufacturing operations or seeking to access Vietnam's growing market for imported goods and services. Ready to register a company in Vietnam? Find out how I got approval to re-enter Vietnam and about my journey there during the pandemic. Below we provide some insights into the key aspects of undertaking the business and expand its presence in Vietnam: Forms of Enterprises to Consider. The business registration process is followed up by making company seals and then an announcement of your business in the Business Portal all of which can be very strenuous. Submit Vietnam company registration documents, duly signed by the partners. REGISTRATION COMPANY IN VIETNAM. The business license certificate number is also the company’s tax number. Vietnam allows 100% foreign ownership of a business in most industries. Vietnam is becoming more and more attractive to foreign investors. The above information is general in nature, and each specific situation or application will need to be reviewed on its merits. Note that your Business Certificate will state the amount of your capital. The Department of Planning and Investment issues this certificate. Where the investor is an individual, and not a corporate, then Items 1 and 2 are not required, and only the passport is required. In general, Vietnam government encourages foreign direct investment. Such examples of business lines that need sublicenses include: Certain businesses need to process additional permits. All companies must pay taxes through an online system. A company founder can be an individual or a company. A company must register one or more business lines and investment objectives (attaching to the “investment project”), subject to conditions or limitations regarding certain investment sectors in Vietnam. With an ample amount of cheap labor supply, Vietnam is a great option for investors who want to expand to the APAC region. A company register is a register of legal entities in the jurisdiction they operate under, for the purpose of protection, accountability and control of legal entities. To gain access to this system, businesses must get an electronic signature. see Legal Entity Identifier. The increasing demand and the scarcity of supply is giving many distributors the option to push up the prices of nitrile gloves. There are alternative ways to enter the Vietnamese market. Get in touch with Emerhub by filling in the form below and our consultants will reach out to you within a few working hours. Our corporate establishment and licensing services are designed around simple and practical advice, with clear processes from start to finish. Emerhub can also assist you in sourcing and recruiting candidates in Vietnam. The Department of Planning and Investment also issues this certificate. Find the advice of our lawyers specialising in business law in Vietnam. There are also other structures that can be relevant to foreign investors, including: However, these remain most relevant to specific situations or scenarios. Emerhub’s company registry in Vietnam allows you to conduct background checks on companies registered in Vietnam. If your business does not need to get ministry-level approval, it takes about one month. However, the Vietnamese government is cracking down on nominee companies. It must also submit financial statements from the last two years or a bank statement if the company is less than two years old.Note that if the above documents were issued abroad, you will have to legalize and notarize them in the issuing country. Although most sectors are open for 100% foreign investment, there are some restrictions such as: • Fully Restricted: Military related, agricultural land, etc. The Department of Planning and Investment may check the address during the incorporation process. Foreign investors can form several kinds of legal entities with a Limited-Liability Company (LLC) and a Joint-Stock Company (JSC) being the most popular choices of company registration in Vietnam. The legal entity is then categorized based on the percentage of its foreign investment. We are a team of local and international company incorporation agents and tax consultants who can help foreign investors open companies in Vietnam. Our Services. The process includes three (3) basic stages: Note: The statutory timings above are the processing with the authorities, and do not include the preparation time for the applications nor the review, preparation or translation of documentation required for the process. Member Registration : Your membership with VietnamBusiness.TV’s online community begins here.. Before you can import goods into Vietnam, you will need certain certificates and licenses. Result: Business registration office shall issue the certificate of enterprise registration or if the application is not satisfactory, business registration office shall inform the applicant of necessary revisions and supplementation to company. It will allow you to protect and maintain control over your investment without setting up a company in Vietnam. 6. BOT, BTO and BT We do the company name screening in 200 countries, contact us. Company Reporting Requirements 2021: Avoid Fines in Vietnam, The key accounting and compliance deadlines in Vietnam that every business owner with an LLC or representative office should know, Nitrile Gloves in Bulk: How to get a Supplier during COVID. World Trade Organization (WTO) agreements regulate foreign ownership for most business lines. However, some business lines must have a physical location or office. Under Vietnam Enterprise Law, foreign investors are entitled to form Foreign Invested Company (“FIC”) under either of Wholly Foreign Invested Company or Joint Venture Company.. A director who is a foreign national and not a founder of the company will need a work permit in Vietnam. Please fill out the form below – Choose either “Individual Member” or become a “Corporate Member”. Concerning company registration in Vietnam, the Vietnamese government has recently made changes to the Company Law in Vietnam which may affect the existing companies in the country. 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