Doing business in Vietnam

In Vietnam, Foreign Invested Company (FIC) can be divided into two following forms: (i) Wholly Foreign Owned Company wherein Foreign Investors shall own 100% capital of the Company and (ii) Joint Venture Company wherein Foreign Investor shall jointly setup company with at least one local partner. Generally, foreign investor is...

Question:  Our company is a Vietnamese company, 100% invested by Singapore Mother Company. We are planning a closure of this company (liquidation) and would like to receive a legal opinion as well as performance fee and proposal for the service of company liquidation. Issues on legal opinion How to close the company...

Question: I have a small problem which I want your advice. We have a number of products which our “product name” and the actual “registered name” differ from each other. So my questions are in two parts. 1. For upcoming export (this week), what should we state on the export documents?...

Question: May I know which taxation needs to be declared if establish a RO  in Vietnam. Your help will be much grateful. Thank you. Answer: Under Vietnam Law, a representative office does not involve with business activities for purpose of making profit. Then, except for declaration of personal income tax for...

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...

Supplementation of business activities and investment objective is considered as expansion of investment project. According to our practical experience, in case the Foreign Owned Company would like to expand scope of business activities, particularly, the approval shall very much depend on following factors: Audited Income Statement of the Client in...

SB Law would like to provide our legal advice on establishment of MLM Company in Vietnam as follows:

In this case, we understand that the FIC that the Client intends to setup shall (i) implement import and export right against electronic products and (ii) manufacture electronic products in Binh Duong Province.

Question: Our startup has 3 founders, what kind of paper and share do we need to do? In future, if we want increase stock share of a founder / employee because he did a great job, how can we do that?

Question: We are Singapore company and would like to set up entity in Vietnam. We will focus on freight forwarding business and out-source local transportation / warehousing / Customs Declaration as well as other local activities to local vendors. In other words, the entity in Hai Phong will not physically...