Q: We are a English engineering service enterprise and are planning to establish a small engineering service enterprise (Co., Ltd.) in Dong Nai. Therefore, we would like to ask you, if you can consult us to apply an investment licence and to register the enterprise.
We appreciate to receive your quote for your consulting.
We are looking forward to receiving you reply.
A: Thank you for contacting SBLaw, I am partner of SBLaw to provide legal advices on foreign investment,
Under the Law on Investment, foreign investors can run a company in Vietnam for profit making purposes by either (i) newly setting up foreign-invested companies (“FIC”) in order to invest and develop a specific project in Vietnam (Except for setting up an FIC to engage in specific services; which is not required to have a specific investment project) and (ii) buy out equity interest/ stakes in existing purely domestic companies. FICs are defined by the Law on Investment to include (i) wholly foreign-owned companies (“WFOCs”), in which the relevant foreign investor holds 100% equity capital of the company; and (ii) joint venture companies (“JVCs”), in which the relevant foreign investor enters into a joint venture agreement with one of more local partners in order to set jointly set up and run the JVC.
Under the law of Enterprise Law, a foreign invested company may be incorporated in the form of Joint Stock Company (JSC) or Limited Liability Company (LLC). Thus, it is possible for you to set up a small engineering service enterprise in the form of Company Limited with 100% foreign own.
By the way, according to Vietnam Law, some business lines are considered as conditional investment sectors, such as banking, insurance, securities, medicine, education, and so on.
To get permits for conducting conditional investment sectors, the investors must satisfy the legal requirements, for example, capital, technique, or foreign ownership restriction. In order to provide you an accurate legal advice, please provide us some necessary information as follows so that we shall update you according to the current laws:
– What are the main business lines of your small engineering service Company?: (please give detailed description on services/ products )
– How much for the charter capital of this engineering service company?
– Where is the location of this engineering service company in Dong Nai? Is it inside Industrial Zone or outside?
As stated above, it is possible for you to set up a foreign invested company in Vietnam.
We shall quote you our fee upon receipt of necessary information that shall be provided in the questionnaire attached herewith. You may fulfill in this form then send back to us, upon receipt of this, we shall give you accurate legal advices and our total fee,
Thank you very much and I look forward to hearing from you soon,
