Set up a new company in field of international freight forwarding, warehousing and cross-border logistics

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NEW REGULATIONS ON TRADING ACTIVITIES OF ECONOMIC ORGANIZATIONS WITH FOREIGN OWNED CAPITAL
Question: Our company business covers interantional freight forwarding, warehousing and cross-border logistics.
Now we are planing to set up a new company in Vietnam, could you give us a quotation about full service for foreigner start a physical operating company?
Answer: SBLAW would like to reply you as follows:According to Vietnam’s WTO commitments, for customs clearance service, foreign investors must setup joint venture company with a Vietnamese Partner.

In the Joint Venture Company, you can own up to 99% capital of Joint Venture Contract.

For local delivery, if you have it handled by local company, you can consider register transportation agency. Please note that foreign investor can setup 100% foreign owned company for providing transportation agency.

Then, please consider two following options:

Option 1: Setting up joint venture company with Vietnamese Partner for providing (i) Custom clearance service and (ii) Transportation Agency.

Option 2: Setting up 100% foreign owned company for providing Transportation Agency only.

For the investment capital, Vietnam Law does not require for minimum capital in above said fields. Then, you can determine the suitable for your own business. However, according to our practical experience in previous case, you should consider an amount of 350,000USD upward.

If you have any further inquiries please fell free contact to us. We are looking forward to hearing from you soon.