In the age of technology, the use of computer software in serving business as well as daily life becomes more and more necessary. Some popular office software such as: management of revenue and expenditure, quantity of goods; Sales management (customers, invoices, transaction time …); Employee management … are so user-friendly and simplier than working manual on Microsoft software…Due to these advantages, the demand of using computer software increases, leading to the estabishment of software companies. Many foreign investors see the potential of software services sector and decide to contribute capital to the software company. The following article will clarify procedures for foreign investors to contribute capital to software companies in Vietnam.
Under the Law on Information Technology and its guidelines, software companies are business organizations engaged in consultancy, manufactory and supply of software, warranty and repair of software according to customer’s request.
After receiving the permit, foreigners shall contribute capital to software company. The company receiving the capital contribution will carry out procedures for changing its members/shareholders in accordance with the law. In the situation when foreign investor wishes to establish foreign-invested software company, the procedure will be: Application for Investment Registration Certificate Establishment a company (which register for software business line) Application for other sub-licenses (If any).
All procedures related to foreign investors to contribute capital to Vietnam’s software companies, please contact the Viet An Law Firm for detailed information.
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