Doing business in Vietnam

According to paragraph 5 of Article 84 of the Law on Enterprises "Within three years from the date of the certificate of business registration, a founding shareholder has the right to freely transfer its common shares to shareholders other up, but they can transfers.[...]

Investor: I would like your advice on starting a joint venture (with a local partner) LLC in VN that imports foreign health products for local distribution and also export to other ASEAN countries. I will be the major shareholder. Can you briefly walk me through the legal processes and weigh...

Question: I would like to setup a tea factory in Son La or Thai Nguyen. Please advise. Answer: In order to setup a tea factory in Vietnam, the very first thing you have to do is to look for a suitable land lot for setting up the factory. For this purpose,...

If a HongKong Company would like to open a representative office in Ho Chi Minh City, SBLaw would like to advise as follows:

SBLAW understands that you intend to setup a representative office in Hochiminh City, Vietnam. We therefore would like to send herewith our legal service proposal for your kind reference.

First of all, we –SBLaw Company Limited (SB Law) – would like to give you and your Company our warmest greetings. Through the preliminary discussion with you, it is our understanding that your company(hereinafter referred to as “Client”) is in need of consulting and supporting in implementing the procedures foramending...

SBLAW assists Client to setup company in Vietnam, including, advice on structure of company, preparation of documents for setting up company in Vietnam, following up licensing and post-licensing process for setting up company

The Vietnamese person must: -Not be subject to the cases which are prohibited to set up company (such as: working in Vietnamese competent authorities as Officer, involved in any criminal cases, etc.).

SBLAW provides you some information about legal procedure about setting up company of trading of functional food under the form of Multi Level Marketing Sale.

QUESTION: Since forming the new company in Vietnam, how to prove the invested capital and how to use them since no need to mark actual deposit to the bank account?