Q&A: Vietnam company registration

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Vietnam company registration

Question: Hello, I’m foreign investor and am looking for a Vietnam local Startups registration supplier.

I want to set up 2 companies. One want to do building materials trade business and the other one want to do electronic materials business.

I all want to set up a limited company inVietnam, what separately information and materials he need to provide ? And what’s the price of Vietnam  company registration ?
Look forward to your reply.

Answen: This is reference to your email below. Regarding to cases of your company, in order to provide fee quotation, we shall need them to provide us following information:

– What is the proposed investment capital for the company in Vietnam? (In Vietnam, we do not impose minimum capital for setting up company, except for companies operating in several conditional sectors such as banking, finance, tourism, education, real estate, transportation, hospital etc.

Upon setting up foreign invested company in Vietnam, your company shall be required to prepare a business plan in which he must provide sufficient explanation on his financial ability and estimate of investment capital required for operation of the Company in middle or long term. Then, the competent authority shall review and determine the approval).

– Please provide us HS Code of goods to be traded in Vietnam. Under Vietnam Law, there are several building material restricted from trading by foreign invested company such as cements, clinker etc. We need your company to provide us in detail HS Code of each products to be traded by them in Vietnam. We shall need 4 first digits of HS Code of goods only. Then, we shall advise whether there is any obstacle during the licensing process and what range of capital should be (if necessary);

– Where will your company intends to setup the Company? In Vietnam, the national Enterprise Law and Investment Law shall be applicable for setting up Foreign Invested Company in the whole of territory.

However, in several provinces and cities, they may have their own rules on reviewing the application dossier. It shall help us to determine the professional fee if you could share us information on this matter.

– Whether your company register the company in Vietnam under their private name or their companies abroad? In case your company wishes to setup their companies in Vietnam under the name of parent companies abroad, please let us know how long has the parent company been established and operating? What is the business field of the parent company.

We are looking forward to hearing from you soon. If you have any further inquiry, please feel free to contact us.