Vietnam Company Establishment

Question: As we are planning to source more products from Vietnam, we need to build up a local team that can work with 3rd party suppliers to ensure product quality and timely shipment. The initial thinking is that we want to setup a new entity in Vietnam near the Hochiminh...

SBLaw would like to provide you some information about Vietnam company registration as follows: Under Vietnam Enterprise Law, foreign investors are entitled to form Foreign Invested Company ("FIC") under either of Wholly Foreign Invested Company or Joint Venture Company.

Investors have to prepare these following dossiers to register an investment project in Vietnam:

The establishment of the foreign invested company (hereinafter referred to as the “NewCo”) requires an Investment Certificate from the licensing authority[...]

Investor is a French company and want to establish a foreign invested company (Hereinafter referred to as “FIC”) for providing market research in Vietnam, SBLaw would like to provide some information as follows:

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.).

Question: Hello attorney, I have a question: Can a foreigner be representative for a Company in Vietnam? Answer: SB Law appreciate your interest in our legal consultant services. Regarding your question, we would like to advise you as follows: Legally, our principal do not ban foreign from being a Company’s representative....

SBLaw would like to provide you the legal procedure for formation of joint stock company in Vietnam as follows:

We understand that your customer is now seeking legal advices for establishment of wholly foreign invested company for import, trade and export of products having HS Codes No. 7214; 7216; 7219; 7220; 7221; 7222; 7225; 7228; 7304; 7306; 7409; 7411; 7505; 7506; 7507; 7604; 7608; 8108 and 8311 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?