Doing business in Vietnam

Q: Can a Representive Office open a bank account? If there any amount that need to maintain? A: Yes, the Representative office (R.O) can open bank account, that account is to receive expense from parent comapny only. No need to have any amount to maintain R.O ammount,

Lawyer Nguyen Tien Hoa, partner of SBLAW is recommended in The Asia Pacific Legal 500 2015 editoria in the areas of Corporate and M&A.

This is reference to your emails from which, we understand that your company (hereinafter referred to as “Client”) would like us to issue a legal opinion on whether a Vietnamese Citizen is under the status of individual bankruptcy and whether he has the powers and authority to execute an...

In case that foreign investors want to bring the investment capital or benefit of the investment out of Vietnam, it is highly recommended that the cash flow should be sent from abroad to a Vietnam Company’s account.

Question: Can you tell me briefly the process of increasing charter capital?  How long will it take? Thanks. Answen: The process of increasing charter capital is different from types of company, please provide more details so I can give an accurate consultation: 1) Type of company: Limited Liability company or Joint...

Client: I order your farm about my needs.   Needs   Establish local company by Vietnamese   About business license  1.Import cosmetic goods  2.Sell cosmetic goods at shop and human in Vietnam  3.Product cosmetic  4.Bottling cosmetic goods  5.Set up factory and get lisence  6.Operate beauty organization like school  7.Educate staff about beauty fields at like school(education service)  8.Send beauty care staff to shop...

Question: We are consulting company for product certification in Korea. We are being asked for Cosmetic products registration in Vietnam from our customer. We want to discuss about this agenda including RP arrangement with you. Could you guide us on approximate Cost, Procedure and lead time? Answer:  I am Lawyer of...

We refer with thanks to your email from which we were requested to advise on possibilities of setting up a wholly foreign invested company (hereinafter referred to as “FIC”) for providing management consultantation services in Hanoi, Vietnam. Therefore, we are grateful to set our legal services proposal for your review...

We understand that you would like us to advise on possibility of setting up a foreign invested company (FIC) in Vietnam for importation of beauty products.

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...