Legal supports in transferring 90% equity of local Company to a Thailand Investor

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We understand that a Vietnam company – local company (hereinafter referred to as “Client”) is now seeking legal supports in transferring 90% equity of this Company Limited to a Thailand Investor.

We therefore are grateful to present you our Legal Services Proposal for your review and consideration.

Under Vietnam Law, in order to transfer 90% equity to Thailand Investor, Client shall have to undergo following steps:

Step 1: Obtaining approval for transferring 90% equity of local Company to Thailand Investor: In this step, Client shall be required to remove business activities that are prohibited or restricted from involvement of foreign investor. We anticipate that it shall take you about 20 working days from submission date to complete this step;

Step 2: Recording Client as new member: After obtaining the approval for transferring 90% equity of local Company to Thailand Investor, Client shall be required to process with administrative procedure for amending the Certificate of Enterprise Registration in order to record Thailand Investor as new member of Client. We anticipate that it shall take you about 07 working days from submission date to complete this step;

Step 3: Obtaining Investment Registration Certificate: Thailand Investor shall obtain the Investment Registration Certificate. We anticipate that it shall take Client about 20 working days from submission date to complete this step;

Step 4: Obtaining Distribution License: Client shall be required to obtain this Distribution License. We anticipate that it shall take you about 30 working days from submission date to complete this step;

Note: The timing as mentioned above is supposed based on our practical experience in previous cases and current Vietnam Regulation. In practice, licensing process may be longer. In such case, SB Law shall keep you updated the process and closely work with the competent authority to manage the work process.

The Price for performing the SB Law services as mentioned in item above will be as follows:

Step 1: 3,850USD (Three thousand eight hundred and fifty US Dollar);

Step 2: 300USD (Three hundred US Dollar);

Step 3: 2,000USD (Two thousand US Dollar);

Step 4: 2,500USD (Two thousand and five hundred US Dollar).

Note: – The above fee is exclusive of 10% VAT, governmental fee (if any) and cost for translating your documents from English into Vietnamese (10USD/150 words);

– We reserve right to re-quote our professional fee if Client would like to engage our service as separate service packages;

– For the Step 4, we reserve right to re-quote our professional fee if Client wishes to setup retailed sale outlet/whole sale outlet.