1.Prerequisite conditions to set up local company in Vietnam
The Vietnamese person must:
-Not be subject to the cases which are prohibited to set up company (such as: working in Vietnamese competent authorities as Officer, involved in any criminal cases, etc.).
– Being allowed to carry out activities as specified in the Business Registration Certificate (goods purchasing activities and other activities directly related to goods purchasing).
– If the company operates in the fields which conditions are required in compliance with the law, such company can only operate if they meet enough conditions.
* Business conditions are shown through Business License, qualification certificate for business conditions, professional certificate, professional insurance certificate, requirements on statutory capital or other requirements in accordance with the law
2.Total estimated time is about 10 (ten) days, in which:
After 07 days from duly submission of dossier, the Business Registration Certificate shall be granted Within 03 days from issuance of Business Registration Certificate, SBLAW shall fulfill all post-licensing procedures (such as: registering the seal, publishing on newspapers for establishment, opening bank account, tax declaration)
