SBLAW would like to provide client some legal advice on International Maritime Freight Transportation Service in Vietnam as follows:
Q: Relating to International Maritime Freight Transportation Service: It is possible for setting up wholly foreign owned company
A: Yes, you are right
Q: What is the Register capital requirement for setup a WOFE for International shipping / forwarding company
A: The registered capital for company providing International Maritime Freight Transportation Service must be at least 20,000,000,000VND (about 930,000USD).
Q: We are an NVOCC (Non vessel operated common Carrier) company, so we need to know if there is any other special requirement on Licenses.
A: No. As other normal International Maritime Freight Transport Service Company, you shall need
- Investment Certificate for Wholly Foreign Owned Company;
- Sub-License for International Maritime Freight Transportation Service.
However, if you do not own vessel, you shall need to lease vessel from other Company for providing transportation service.
Q:As far as I know we need to have Multi-Model Transportation License which require a deposit of 80,000 SDR. Please confirm this.
A:No. In order to obtain the Sub-License for International Maritime Transportation Service 20,000,000,000VND (about 668,083SDR).
