Vietnam Company Establishment

SBLaw would like to provide legal advice on possibilities of setting up a foreign invested company providing foreign language training services in Vietnam as follows:

In order to assist foreign investor (hereinafter referred to as “Client”) to establish 100% foreign owned enterprise with the business function of construction consultancy (including designing and supervising consultancy) in Vietnam, SBLaw (hereinafter referred to as “Consultant”) would like to provide the Client with such services.

Foreign Language Education Services is classified to CPC 929. Under Vietnam’s WTO Commitments, with the respect to CPC 929, foreign investor can either setup a wholly foreign invested company or a joint venture company to run its investment project[...]

Establishment of a pure local company in Vietnam is rather simple. For this option, Client shall have to appoint at least one local partner to act as owner of the pure local company.

According to Vietnam-WTO Commitments, foreign investor is allowed to setup foreign owned company in Vietnam to provide financial management consulting services (CPC 89502)[...]

In case the client intends to setup a factory for producing goods (hereinafter referred to as “Factory”), SBLaw would like to provide some information about it.

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.

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...

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?

Question: We are 100% owned foreign company and are seeking legal advices for closing its Branch Office in Hanoi, can SBLAW provide the legal service for this service? Answer: We understand that your company, (hereinafter referred to as “Client”) is now seeking legal advices for closing its Branch Office in...