When foreign investor would like to Acquire equity of a pure local company in Vietnam, SBLAW would like to advise as follwos:
We also would like to note that, procedure for acquiring equity from pure local company in Vietnam shall be subjected to two following steps:
(i) Step 1: Register for amendment of Certificate of Business Registration for recording foreign investor as Member of Company;
(ii) Step 2: Foreign investor is to obtain the Investment Certificate for investment into pure local company.
Scope of work of Lawyers as follows:
1. Preparation of the application documents:
Notifying application documents required in accordance with Vietnamese law;
Drafting application documents required for submission purpose including board resolution, joint venture contract, corporate charter, application etc;
Liaising with Client to discuss the draft application documents;
Amending the application documents based on your comments;
Obtaining preliminary comments from the licensing authority on the draft application documents;
Finalizing the application documents following comments from the licensing authority; and
Translating the final version of the application documents into Vietnamese for execution.
2. Licensing procedures:
Submitting the application dossier to the licensing authority on your behalf;
Monitoring and following up with the relevant authorities on the approval process;
Keeping you updated on the developments and additional requirements, if any; and
Assisting you in obtaining the amended Certificate of Business Registration and Investment certificate.
