In the modern economy, logistics plays a very important role, greatly affecting other manufacturing and service industries. Therefore, logistics not only attracts domestic capital but also receives much attention from foreign investors. The following article summarizes the conditions and procedures for foreign investors to establish logistics companies in Vietnam.
According to WTO Protocol to accession, regarding logistics services, Vietnam has committed to opening the following sub-sectors:
Procedures for foreign investors to establish logistics company in Vietnam:
Under the Law on Investment 2014, foreign investors wishing to establish a company in Vietnam must carry out procedures for decisions on investment policies from the National Assembly, the Prime Minister or the People’s Committee of province, depending on the scale and other characteristics of the project. Other projects which are not compulsory to have the decisions on investment policies, foreign investors shall apply for the Certificate of Investment Registration.
A project dossie registration for decision on investment policies from the People’s Committees of provinces consists of:
If the project is subject to issuance of a decision on investment policies from the Prime Minister or the National Assembly, there will be more documents required, depending on the features of the project.
If the project is subject to issuance of a decision on investment policies, the registry office shall issue the Certificate of investment registration to the investor within 05 working days from the receipt of the decision on investment policies.
If the project it not subject to issuance of a decision on investment policies, the foreign investor shall follow the procedures below:
Notices: Foreign investors establishing a company in industrial parks, export-processing zones, hi-tech zones, and economic zones, the investment registration procedures will be done at the Management boards of that industrial parks, export-processing zones, hi-tech zones, economic zone.
For projects that are not required decisions on investment policies, foreign investors will just apply for investment registration certificates at the Department of Planning and Investment of provinces.
Application for establishing an enterprise includes:
Foreign investors prepare the application file and submit it to the Business Registration Office of the province/city where the company is located. After 3 to 5 working days, the Business Registration Office will issue the Certificate of business registration to the investor.
Notice: The documents of the foreign investor must be Consular Legalized, translated into Vietnamese and notarized before submitted.
For more information about the conditions and procedures for establishing a logistics services company for foreign investors, please contact Viet An Law Firm for more information.
Viet An Law Firm is a reputable and professional unit providing consultancy services and supporting procedures related to the fields of: foreign investment; establishment of enterprises; apply for sub-license of conditional business lines; protection of intellectual property; work permit…
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