Establishing a 100% owned foreign company for producing software in Vietnam

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In accordance with the information as provided by Client, we understand that you would like to establish a 100% owned foreign company for producing software in Vietnam

According to the guidelines of Law on Investment 2014 and Law on Enterprises 2014, Client first needs to submit the dossier to apply for an Investment Registration Certificate. The time schedule to carry out this procedure shall be 30 working days from submission of required application dossier to relevant competent authority.

After having been granted the Investment Registration Certificate, Client shall carry out the procedure to apply for a Corporate Registration Certificate of the Company to be established in Vietnam. The time schedule to carry out this procedure shall be 07 working days from submission of required application dossier to relevant competent authority.

Licensing Process:

The roadmap for above said scope of work can be described in following steps:

a.Preparing the application dossier: We shall collect necessary information and documents from Client. Upon receipt of necessary information and documents from you, we shall translate documents from English into Vietnamese and prepare the application dossier under the standard forms. The initial drafted application dossier shall be sent to you for your comments. Then, after updating the application dossier based on your comments, we shall obtain the preliminary comments from the competent authority and send the finalized application dossiers for you to sign and seal. We anticipate that this phase shall be completed within 07 working days.

b.Licensing Procedure:

Within 02 working days from receipt of duly signed and sealed application dossier, we shall submit the application dossier to Department of Planning and Investment for obtaining an Investment Registration Certificate. It shall take about 20 working days from submission of required application dossier to Department of Planning and Investment for obtaining the Investment Registration Certificate.

Within 02 working days from obtaining the Investment Registration Certificate of Client, we shall submit the application dossier for the registration of your Company to the Business Registration Division at the same Department of Planning and Investment in order to be granted a Corporate Registration Certificate. It shall take 07 working days from submission of required application dossier to the Business Registration Division for completing this work.

c.Post licensing procedures: Within 05 working days, we shall complete the post licensing procedures such as announcement on investment registration and enterprise registration, obtaining new seal sample and announcement on the seal sample of Client’s company on National Business Registration Portal.

For avoidance of any doubt, in practice, the administrative procedures may take longer than expected since the competent authority must consult relevant ministries before granting the Investment Registration Certificate and the Corporate Registration Certificate. In such a case, SB Law shall try our best to accelerate the progress in order to obtain the approvals at the earliest as possible.

 

2.PROFESSIONAL FEE

Professional Fee for performing SB Law’s services as mentioned in Section 4 above will be as follows:

For obtaining the Investment Registration Certificate and the Corporate Registration Certificate (not including VAT): 4,000 USD (Four thousand US Dollars).

Value added tax (10%): 400 USD (Four hundred US Dollars)

Total fee (including VAT): 4,400 USD (Four thousand four hundred US Dollars)