Legal advice on enterprise

SBLAW understands that Client would like to amend its Investment Certificate to include warehousing services based on un-used redundant leased space area, thus, we would like to advise as follows:

SBLAW would like to provide you some information on setting up wholly foreign invested company (Hereinafter referred to as “FIC”) for conducting import and export agricultural products in Ho Chi Minh City as follows: 1. General Comments The establishment of a FIC in Vietnam requires an Investment Certificate from the licensing...

We are considering now to establish a foreign owned instead of local entity company as Paypal. Can you please advise the procedure and documents needed to submit. Answer: For obtain license to act as Paypal, the minimum investment capital that you have to contribute in Vietnam is 2,500,000USD. After obtaining the Investment...

Question: We are FDI company in Vietnam and would like to amend Investment Registration Certificate (“IRC”) and Enterprise Registration Certificate (“ERC’’) in order to reflect supplementing business line of non-life insurance, please advise? Answer: We refer with thanks to your call from which we were requested to assist you regarding amendment of...

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...

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

Question: I am a English teacher from USA and am now thinking of starting  a small, online English Language Service company in the USA  to provide English language services to Vietnamese and Asian students and companies. To start with, I am planning to hire a teacher in the USA but...

Vietnam Government classifies Multi Model Transportation Service into two forms: - Internal Multi Model Transportation Service - International Multi Model Transportation Service Under the Decree No. 87/2009/ND-CP of the Government, for providing International or Internal Multi Model Transportation Service, the Enterprise must satisfy following conditions: - Having assets or capital equal to 80,000SDR. It also...

We, SBLaw Company Limited (hereinafter referred to as “SB Law”) having known that your company (hereinafter referred to as “Client”) wishes to adjust its Investment Certificate regarding to supplement the business line of leasing warehouse in Hanoi. And then, your company wishes to set up its Branch office in...

Question: What is the type of Tourism license a JV (Vietnamese company with foreign capital) can apply to: Domestic, Inbound, Outbound, all of these? Or is there any restrictions? I read somewhere that a JV can only organize domestic trips in Vietnam for foreigners who are inbound customers, but...