Doing business in Vietnam

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?

With the knowledge that foreign investor (hereinafter referred to as: “the Client”) has the intention to establish a Representative Office (RO) in Vietnam, SBLaw (hereinafter referred to as “The Consultant”), a leading Vietnamese Law Firm with full experience and capabilities, would like to provide services to assist the Client in such endeavors.

Client: I am an American citizen wishing to register a new company here in Vung Tau. The business is consultancy for project construction. I have an office location already. I carry no overheads other than the office rental and my own accommodation. I simply wish to be registered and request the...

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...

To set up Representative Office (RO) in Vietnam, the following documents must be submitted to Vietnam Authority:

Question: We are Japanese company and want to set up a 100% FOC in Vietnam (LLC). We would like to incorporate in Hochiminh City and we are now looking for a law firm who can take care of the administrative process and licensing for us. We are not in...

Question:  Dear Sir, Hope this email finds you well.  I found your contact details on the internet when I was looking for assistance in the setting up of a company here in HCMC, Vietnam.  So just wondering if you are able to render your services in this matter. My wife is...

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...

SBLAW would like to provide you the legal service for domain name registration in Vietnam as follows: 1. Fee schedule - Fee for registering domain name .vn (USD80 per name ) - Fee for registering domain name .com (USD70 per name)   2. Time line Normally, the registration proceeding will be completed in 15 days. 3....

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...