Establishment of domestic company Service

Establishment of domestic company Service


This is reference to your requirement, from which, we understand that currently you (hereinafter referred to as “Client) is looking for a professional law firm to establish domestic company. Therefore, we are grateful to set our legal services proposal for your review and consideration as follows:

  1. Scope of works:

Our scope of work shall be as follows:

1.1. Preparation of the application documents:

(i) Notifying required application documents as prescribed;

(ii) Drafting application documents required for submission purpose;

(iii) Liaising with Client to discuss the draft application documents;

(iv) Amending the application documents based on Client’s comments;

(v) Obtaining preliminary comments from the licensing authority on the draft application documents;

(vi) Finalizing the application documents following comments from the licensing authority.

1.2. Licensing procedures:

(i) Submitting the application dossier to the licensing authority on Client’s behalf;

(ii) Monitoring and following up with the relevant authorities on the approval process;

(iii) Keeping Client updated on the developments and additional requirements, if any; and

(iv) Receiving result from the competent authority and hand over to Client.

  1. Performance time:

2.1. Preparing the application dossier:

We shall collect necessary information and documents from you. Upon receipt of necessary information and documents from you, we shall 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 03 working days.

2.2. Licensing Procedure

Upon receipt of duly application dossier, we shall submit the application dossier to relevant competent authority. Within 05 working days from submission of application dossiers to Licensing Agency, Client shall obtain the Enterprise Registration Certificate

2.3. Post – Licensing Procedure:

(i) Assist Customers in publishing business information on the National Business Registration Portal and (ii) obtain business seal.

  1. Service fees and payment

Service fees for SB Law to undertake the tasks mentioned in Section 1 is: 5.000.000 VND (Five million dong)

The aforesaid service fee is inclusive of state fees and fees of obtaining business seal but exclusive of 10% VAT

Service fees shall be paid to SB Law as follows:

– Within 03 (three) working days from the signing date of Legal Service Contract between Client and SB Law, Client shall pay SB Law an advance payment which is equivalent to 60% of the professional fee, VAT.

– Within 05 (five) working days from the date of SB Law’s completion of work scope, Client shall pay SB Law the remaining 40% of the professional fee, VAT and other related fees (if any)

– Client will immediately notify SB Law of when actual payment(s) will be made on the amount specified in the invoice(s). SB Law will start working only upon receipt of payment of the respective invoice(s). Alternatively, SB Law reserves the right to withdraw the service if payment is not received 10 days after the date of the invoice. Further, in the event payments are not received by the payable date, SB Law reserves the right to suspend services and/or levy and collect a late payment fee of 0.5% per month up to the date of receipt of payment by SB Law.