Question: I would like to enquire about setting up a foreign owned distribution company in Vietnam ((distribution of tyres). What are the costs like and is there a minimum paid up capital amount.
I am Lawyer of SB Law. I was entrusted to provide you legal advice regarding to setting up a foreign invested company in Vietnam for trading tyres.
Under Vietnam Law, trading industry does not require Investor to pay minimum investment capital. Then, Investor shall be liable to account necessary capital for financing its proposed business activities in Vietnam for medium and long term. From our practical experience in the field, you should consider an amount of 100,000USD upward.
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