Singapore and Vietnam have officially established bilateral relationship for nearly 45 years and have become strategic partners in many fields, especially in commerce. In the trend of foreign investment flows in Vietnam, Singaporean investors should not miss their opportunities as Vietnam’s economy is growing rapidly and the law system also opens and encourages foreign investment. Singaporean investors pay much attention to growing business sectors in Vietnam such as infrastructure, construction, food and beverage, manufacturing… Two countries also sign an agreement on double taxation avoidance which makes Vietnam become a favorable place of Singaporean investors.
In order to own a company in Vietnam, Singaporean investors may choose one of the two methods:
Option 1: Establish Singaporean company in Vietnam
Step 1: Apply for the Investment Registration Certificate
An application for the Investment Registration Certificate includes:
Submit the application at: The Department of Planning and Investment.
The process: Within 15 days from the receipt date of the valid application, the Department of Planning and Investment will grant the Investment Registration Certificate to foreign investors. If the Department of Planning and Investment refuse to grant, they will respond in notices and explain the reasons.
Step 2: Apply for the Business Registration Certificate
An application for the Business Registration Certificate includes:
Submission place: The Department of Planning and Investment.
Duration: 03 – 06 working days.
Announce the business registration contents:
Engrave the seal and publish the seal sample:
Option 2: Contribute capital, purchase shares, purchase capital contributions in Vietnamese companies (often called as M&A)
In accordance with current regulations, this option does not require foreign investors to apply for Investment Registration Certificate except for register to contribute capital, purchase shares, purchase capital contributions at the Department of Planning and Investment. After receiving the approval, the company shall adjust business registration information complying with the laws on enterprises. This option shall help investors save time and money.
Step 1: Foreign investors register to contribute capital, purchase shares/capital contributions to the company
Application includes:
Submission place: The Department of Planning and Investment.
The process: If the capital contribution, shares purchase, capital contribution purchase of foreign investors comply with the regulations on investment forms and foreign capital contribution, within 15 days from the date of receipt of the valid application, the Department of Planning and Investment will grant a written announcement. If the application does not satisfies conditions, the Department of Planning and Investment will grant a written announcement providing reasons and explanation.
Step 2: Transfer the shares, capital contributions and change the shareholders or members of the company
Legal consulting services on enterprises and investment at Viet An Law Firm:
If you are looking for legal advice about enterprises, commerce and investment in Vietnam, please feel free to contact Viet An Law Firm for more information!
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