Question: I want to consult about establishment of the enterprise in Hanoi with 100% foreign capital.
The activity of the company would be:
1. -Exporting and importing some consumer goods (namely, purchasing some certain types of agricultural products such as fresh vegetable, fruits then processed, canned or frozen for exporting abroad)
-Manufacturing some certain types of household items such as textile and garment clothes for the exportation. And producing of canned foods.
We intend to establish a company, rent or buy a land and build a factory.
Could you tell me please if you could help us in this question?
What would be the price for your services -to manage this deal from the very beginning to the end?
Thank you and best regards.
Answer: This is reference to your email below. Please find our answers as follows:
1. You can setup 01 company with multiple functions including manufacturing and import, export;
2. In this case, you can only register the Company in the City where you intend to locate your factory. For example, you intend to locate your factory in Hanoi, you have to register the company in Hanoi.
3. No. There is an unique law system applicable to national wide of Vietnam. The difference between city is only the way that competent authority working with foreign investor. For example, in Hanoi or Ho Chi Minh City, competent authority seems more opened with foreign investors. Meanwhile, in other cities or province, they may be quite cautious.
4. We prefer Hanoi to Ho Chi Minh City.
5. Ok, we can help you searching land. Please let us know your requirements on land lot to be leased.
6.The quantity of employee shall very much depend on scope of the manufacture. Vietnam Authority encourage enterprise employing many laborers. If you employ foreign employee, you have to obtain work permit for such foreign employee and you must obtain approval for plan of employment of foreign employee.
7. The Representative of Company Owner shall need to appear in Vietnam for to inspect the land lot and signing the in-principal contract on land lease. Then, after finishing the licensing process, he/she need to be in Vietnam for obtaining Seal Sample and opening Bank Account.
8. We shall need following documents:
– 02 Legalized copies of Business License; Articles and Memorandum of Association and Financial Statement for 01 most recent fiscal year of the Parent Company in Russia. In case the Company in Vietnam is registered under the name of an individual, we shall need 02 Legalized copies of his/her Passport.
– 02 Legalized copies of Bank Account Statement of Company Owner;
– 02 Legalized copies/notarized copies of person appointed as Director or General Manager of the Company in Vietnam.
– Certified copies of documents proving that the Landlords agree to lease out the Land Lot to the Company upon establishment and the Landlord has competent to do such work.
We do hope that the above information is helpful for you. If you have any further inquiry, please feel free to contact us.
