It is our understanding that you are now considering possibilities of setting up a foreign invested company for creating for 3D animations and still images for the real estate and offshore industry.
Creation for 3D animations and still images for the real estate and offshore industry can be classified to CPC 841-845 and 849 – Computer services and related services including
(i) Consultancy services related to the installation of computer hardware;
(ii) Software implementation services;
(iii) Data processing services;
(iv) Data base services and (v) other related services.
If so, you shall face no difficulty for setting up such Joint Venture Company. However, if your creation involves with architecture i.e, designing architecture of a building or Urban planning and landscape architectural design, you shall need to make sure that you have human resources who are granted License for architecture and your registered business lines must be compliant with scope of license of your human resource.
With the respect to capital required for FIC operating in the Computer Services or Software Services or Architecture Services, Vietnam Law does not stipulate any minimum capital rate.
However, according to our experience, you should consider an amount of 80,000USD (Eighty thousand US Dollar) upward.
The foreign investor can complete capital contribution within 36 months from the establishment of FIC in case FIC is structured under the form of Limited Liability Company.
Despite of that, competent authority may suggest Foreign Investor to complete its capital contribution within 12 months from the establishment of FIC.
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