Legal advice on enterprise

Under Vietnam Law, it does not impose any minimum rate of capital for running shipping agency and forwarding services company. However, the Investor must be responsible for explaining possibility of running such company with his proposed capital. According to our practical experience, an amount of 200,000USD is reasonable rate for...

Client: I intend set up a company in HCM, as a buying house handling export products out of Vietnam and trading local market, what are the requirments and easy way to set up, thanks Lawyer:This is reference to your message below. I am Corporate Lawyer of SB Law. I was...

1.The establishment of a Foreign invested company (FIC) including Joint Venture Company in Vietnam requires an Investment Certificate from the licensing authority.

On June 11th, 2021, the Ministry of Industry and Trade issued Circular 02/2021/TT-BCT on the Rules of Origin of goods in the UKVFTA Agreement. Accordingly, in order to receive tariff preferences under UKVFTA, certificate of origin must be submitted to the Vietnamese customs authority within 2 years from the time...

Can we create a local Vietnam company with 100% ownership if we get a longer term job opportunity in Vietnam?

Q: Our company has already a factory in Vietnam and we have a small spare space. One another company wants to use the space after setting up a company. The factory owner already agree on that. The business item is mobile phone parts manufacturer. Is this feasible? A: It shall be only possible...

The applicable laws stipulate about Conditions for doing domestic travel businesses as follows: 1) Having domestic travel business registered at a competent business registry; 2) Having business plans for domestic tourist operations, offering tour programs for domestic tourists; 3) Operators of domestic travel business must have at least three years of experience...

Foreign investor: Can foreign investor set up company nominee? Lawyer: It is possible for setting up such company under the name of a Vietnamese Partner. However, please note that you should carefully study potential risk of this form as Vietnam Law does not recognize nominee structure. In the worst case, foreign investor...

Question: I just open a new business in Vietnam and I would like to import some cosmetics products from Hongkong. However, I have noticed that there are lots of processes and filings I need to prepare and hence I would like to seek for your help to complete it....