The construction industry is dominating the Vietnamese market today. Therefore, the need for foreign investors to set up construction companies in Vietnam is increasing. To help these companies complete the legal procedures to operate in Vietnam, Viet An Law Firm would like to provide some conditions and information as follows:
According to the schedule of commitments on services of Vietnam in WTO, construction activities without limitation on capital contribution ratio of foreign investors. Therefore, investors can establish companies with 1% to 100% foreign capital.
Except for industries that require legal capital, there is no minimum amount of capital contributed by investors, but it must be consistent with the operation scale of the registered company.
According to the provisions of Vietnamese law, every enterprise has the right to freely engage in any business line that is not banned by law. In addition, investors when doing business in sectors and trades on the list of conditional business investments should pay attention to business conditions as prescribed by Vietnamese law. This is a condition that applies to all businesses (regardless of the nationality of the business).
According to the Schedule of commitments on services of Vietnam in WTO, investors are only allowed to operate in the following areas:
According to the Schedule of commitments on services of Vietnam in WTO, the investor must be a legal entity of a country that is a member of the WTO.
If foreign investors contribute capital immediately upon establishment, they need to prove their financial status through savings books, deposit balances, etc… for individuals, and deposit balances, tax reports, and relevant financial statements profit, … for the company. But if foreign investors contribute capital or purchase shares/stakes, they do not need to provide these documents.
Before establishing a business organization, the foreign investor must have an investment project and follow the procedures for issuance of an investment registration certificate at the Department of Planning and Investment.
After being granted the Investment Registration Certificate, the investor shall establish a construction company in Vietnam according to the order and procedures specified in the Enterprise Law and relevant guiding documents.
Customers wishing to establish a construction company with foreign capital in Vietnam, please contact Viet An Law Firm for detailed support!
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Ho Chi Minh city office
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English speaking: (+84) 9 61 67 55 66 (Zalo, Viber, Whatsapp)
Vietnamese speaking: (+84) 9 33 11 33 66 (Ms.Thu Ha) (Zalo, Viber, Whatsapp)