(+84) 96 167 55 66
info@vietanlaw.com

Establishment of foreign-invested advertising company

Pursuant to Law on Investment 2014, the Law on enterprises 2014, the Law on advertising 2012, and Vietnam’s WTO Commitments,the regulation of foreign investors engage in business advertising services in Vietnam shall comply with the following:

  • Vietnam has not undertaken to permit the establishment of 100% foreign-owned advertising companies yet. Therefore, foreign investor want to engage in advertising  services in Vietnam must enter into joint ventures with Vietnamese partners. Therein, foreign investors contribute capital to joint ventures at any rate but must be less than 100%; or cooperation under business cooperation contract.
  • Vietnamese partners in joint ventures must be registered companies for advertising services;
  • Joint venture company between foreign investors and Vietnamese companies are provided with advertising services for all of products, except for the cigarettes. The alcohol advertising is permitted but must comply with Vietnamese law.
  • Forms of investment: Establishment of Vietnamese companies dealing in advertising services. Then Foreign investors purchase shares or capital contributions of Vietnamese companies which have registered advertising business activities.

Implementation procedure:

Step 1: Establishment of Vietnamese companies which have registered advertising business activities.

A dossier for establishment of company includes:

  • Written request for enterprise registration;
  • Charter of the company;
  • List of members for a limited liability company, List of founding shareholders for a shareholding company;
  • Lawful copies of the following documents:
  • People’s identity card, passport still validated of members being individuals;
  • Enterprise registration certificate of an organization and personal identification ,power of attorney of the authorized representative of the member being an organization
  • Contribution capital decision of the member being an organization
  • Power of attorney to establishment of company for Viet An Lawfirm.

Receiving agency: The Business Registration Office of the Department of Planning and Investment where the head office of the company is located.

Processing time:  03-05 working days.

Step 2: Foreign investors purchase shares or capital contributions of Vietnamese companies which have registered advertising business activities.

The file for registration of capital contribution or purchase of shares or portion of capital contribution shall comprise:

  • Written request for registration of capital contribution or shares purchase or portion of capital contribution (Standard form I-6 of Document No 4326/BKHĐT-ĐTNN)
  • Copy of the people’s identity card, ID card or passport in the case of investors being an individual; copy of the incorporation certificate or other equivalent documents certifying the legal status in the case of investors being an organization;

Viet An Lawfirm Services establishment of a foreign invested advertising company

  • Legal advisory, drafting establishment of an advertising company;
  • Legal advisory the procedures after the establishment of the company;
  • Legal advisory conditions of business advertising activities;
  • Legal advisory conditions for foreign investors purchase shares or capital contributions of Vietnamese companies;
  • Legal advisory, drafting the file for registration of capital contribution or purchase of shares or portion of capital contribution;
  • Comprehensive legal advisory matters in the course of business operations.

Related Acticle

Dissolute a FDI company in Vietnam

Dissolute a FDI company in Vietnam

Currently, foreign investors are developing business into our country more and more strongly. However, for a number of reasons, foreign investors want to terminate operations in Vietnam; At that time,…
Business license for goods retail distribution of foreign capital company in Vietnam

Business license for goods retail distribution of foreign capital company in Vietnam

A goods retail distribution business license is a license granted by the Industry and Trade agency to a foreign capital company in Vietnam engaged in goods retail distribution in Vietnam.…
Extend investment capital contribution term in Vietnam

Extend investment capital contribution term in Vietnam

Extension of the term for investment capital contribution is a very important procedure to record the term for new capital contribution on the investment registration certificate when the enterprise cannot…
Foreign investors in Vietnam contribute capital with assets

Foreign investors in Vietnam contribute capital with assets

Enterprise capital can be formed from different types of assets according to the provisions of law depending on the investor’s ability and investment needs. Many foreign investors are interested in…
Chairman of the Board of Directors of a joint stock company in Vietnam

Chairman of the Board of Directors of a joint stock company in Vietnam

The Board of Directors is an important part of a joint stock company. This agency has full authority on behalf of the company to make decisions and exercise the rights…

Hanoi Head-office

#3rd Floor, 125 Hoang Ngan, Hoang Ngan Plaza, Trung Hoa, Cau Giay, Hanoi, Vietnam

info@vietanlaw.com

Ho Chi Minh city office

Room 04.68, 4th Floor, River Gate Residence, 151 – 155 Ben Van Don Street, District 4, HCM, Viet Nam

hcm@vietanlaw.com

SPEAK TO OUR LEGAL CONSULTANTS

English speaking: (+84) 9 61 67 55 66 - Mr Alex - Chairperson (Zalo, Viber, Whatsapp, Wechat)

Vietnamese speaking: (+84) 9 33 11 33 66 - Ms.Thu Ha - Managing Partner (Zalo, Viber, Whatsapp, Wechat)