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Custom Duty for foreign contractor in Vietnam

Client: Our company is IT company.Our client wants to establish company in Vietnam.

Please tell me the details on establishment of a company in Vietnam. For example how long time establishment of a company and how much promotion expense etc… I hope we will do good business together

Lawyer:We noted your email below. I am Corporate Lawyer of SB Law. I am grateful to assist you in establishment of foreign invested company (FIC) in Vietnam for your Client.

According to Vietnam Law, your Client can setup a FIC under the form of (i) Wholly Foreign Owned Company or (ii) Joint Venture Company. It shall take about one and half month to 45 working days or longer to setup a FIC in Vietnam. It is very much depended on (i) business activities of the FIC, (ii) location of FIC and (iii) registered capital of the FIC.

We shall send you detailed legal service proposal if you could answer us following questions:

(i) What kind of business activities that your Client wish to conduct in Vietnam?

(ii) Where is head office of the FIC located in Vietnam?

(iii) Did he has any idea on the proposed capital to be paid in? If yes, please let us know how much it is.

(iv) Is your Client a Entity or an Individual?

Upon receipt of your answers, we shall send you our detailed legal service proposal. If you have any further inquiry, please feel free to contact us.

We are looking forward to hearing from you soon.