(+84) 9 61 67 55 66
info@vietanlaw.vn

Foreign investment in vietnam’s restaurant company

Restaurant is a type of business that provides food and beverages to earn profits. Due to the fact that eating is a essential part of human life, restaurant never becomes an obsolete business. In addition, culture intergration has made the Vietnamese people’s needs of food more diversified, so foreign investors see hugh potential of investment in company operating multicultural restaurants such as Thailand, Japan, India, South Korea, America…

Foreign investment in vietnam’s restaurant company

Before contributing money to any company, foreign investors should learn about legal regulations. This article provides some information about these procedures as following:

The conditions that foreign investors have to fulfill:

  • The investor’s charter capital: no limit, which means foreign investor can hold 100% charter capital of company;
  • The form of investment, operating scope, Vietnamese partners, and other aspects are conformable with the international agreements to which the Socialist Republic of Vietnam is a signatory:
    • On the form of investment: contribute capital, buy shares or capital contributes of the restaurant companies.
  • Restaurant service is a type of conditional business lines in Vietnam, so foreign investors will have to register for the contribution.

An application for registration of capital contribution or purchase of shares/capital contribution:

  • A written for registration of capital contribution or purchase of shares/capital contributions, which specify information about the business organization to which investment is made; the holding of the foreign investor after making investment;
  • A copy of the ID card or passport (if the investor is an individual); a copy of the Certificate of establishment or an equivalent paper that certifies the legal status of the investor (if the investor is an organization);
  • A procuration or service contract (in case company’s legal presentative does not directly do the formality to file and receive the result).

Procedures for registration of capital contribution or purchase of shares/capital contributions:

  • The investor shall submit the application prescribed above at the Service of Planning and Investment of the province where the headquarter of the business organization is situated;
  • If the contribution of capital, purchase of shares/capital contributions satisfies the conditions of the Law on Investment 2014, the Service of Planning and Investment shall send a written notification to the investor within 15 days from the day on which the satisfactory application is received. If conditions are not satisfied, the Service of Planning and Investment shall notify the investor in writing and provide explanation.

After receiving the permit, foreigners shall contribute capital to the restaurant company. The company receiving the capital contribution will carry out procedures for changing its members/shareholders in accordance with the law. But if foreign investors wish to contribute capital to establish a foreign-invested the restaurant company, the implementation procedure will be: : Apply for Investment Registration Certificate  Establish an enterprise (with registration for  supply food and beverage service)  Apply for other Sub-licenses (Certificate of Food Hygiene and Safety, Fire prevention and fighting approval certificate…)

All procedures related to foreign investors to contribute capital to Vietnam’s restaurant companies, please contact the Viet An Law Firm for detailed information.

Table of contents

Hide

    Related Acticle

    Notes when setting up a company in Italy

    Notes when setting up a company in Italy

    Italy, with its strategic location in the heart of Europe, is an attractive destination for foreign investors. Italy’s diverse economy, from the luxury fashion industry to cutting-edge technology, offers a…
    Instructions on procedures after setting up a company in Portugal

    Instructions on procedures after setting up a company in Portugal

    After completing the procedures for establishing a company in Portugal, in order to be able to officially put into operation, investors may need to carry out some post-establishment procedures that…
    Procedures for setting up a company in Spain

    Procedures for setting up a company in Spain

    Spain, with its strategic location and one of the largest economies in the European Union, has always been an attractive destination for international investors and entrepreneurs. However, to establish a…
    Types of companies that can be set up in Tanzania

    Types of companies that can be set up in Tanzania

    In the context of the constantly fluctuating global economy, investors are constantly looking for potential emerging markets. Tanzania boasts a stable political system and strategic geographical location, which is an…
    Procedures to set up a company in Portugal

    Procedures to set up a company in Portugal

    Portugal is on a promising pace of economic growth. Portugal’s strategic geographical location is not only a gateway to Europe, but also strongly connected to markets in Africa and Latin…

    CONTACT VIET AN LAW

    In Hanoi: (+84) 9 61 67 55 66
    (Zalo, Viber, Whatsapp, Wechat)

    WhatsApp Chat

    whatsapp-1

    In Hochiminh: (+84) 9 61 67 55 66
    (Zalo, Viber, Whatsapp, Wechat)

    WhatsApp Chat

    whatsapp-1

    ASSOCIATE MEMBERSHIP

    Foreign investment in vietnam’s restaurant company
    Foreign investment in vietnam’s restaurant company
    Foreign investment in vietnam’s restaurant company
    Foreign investment in vietnam’s restaurant company
    Foreign investment in vietnam’s restaurant company
    Foreign investment in vietnam’s restaurant company