Open FDI Company in Vietnam: Complete Package Services

As a law firm in Vietnam with headquarters in Hanoi and Ho Chi Minh, Viet An Law is the leading law firm supporting company establishment and opening foreign investment (FDI) companies in Vietnam for foreign investors who want to conduct investment and business activities in Vietnam. With nearly 20 activities, we are proud to be an experienced law firm with the best service fees to support open FDI company in Vietnam: complete package services.

Prepared dossier to set up an FDI enterprise in Vietnam

To establish an FDI enterprise in Vietnam, investors need to provide Viet An Law with the following information and documents:

Information

• Project name and location of the investment project to establish the company;
• Project objectives and expected business lines;
• Total investment capital, capital sources (contributed capital, mobilized capital, other capital…).
• Demand for Vietnamese and foreign labor;

Documents clients need to prepare to set up an FDI company in Vietnam

• Documents on the investor’s legal status: Certificate of establishment/Enterprise Registration Certificate for institutional investors;
• Information (passport) of founding members/shareholders; capital contribution management representative.
• Documents proving the investor’s financial capacity: Savings book, confirmation of bank account balance, profitable financial report;
• Documents proving the headquarters and project implementation location: House rental contract, headquarters rental contract, land lease to register the headquarters and project location when establishing a company at FDI Vietnam, and Certificate of Land use rights (notarized copy) of the lessor.

Instructions for proving the financial capacity of FDI investors

To prove financial capacity for a registered investment project, investors can provide one of the following documents:

• Audited financial statements for the most recent 02 years of the investor;
• Commitment to financial support of the parent company/financial institution for mobilized capital; or guarantee the investor’s financial capacity;
• Confirm the investor’s bank account balance corresponding to the capital expected to invest in Vietnam.
• Savings book corresponding to capital expected to invest in Vietnam.

Note: documents must be translated into Vietnamese and notarized according to Vietnamese law. If one of the above documents has enough money corresponding to the expected capital registered for the company opening in Vietnam, then only 1 of the above documents is needed.

How to prove the registered location of the business and/or project implementation

The enterprise headquarters and project implementation location are proven in the investment registration and business registration documents by one of the following documents:

• Lease or loan contract (in case of land lease/office lease);
• Real estate business license of the office lessor (if rented through the company);
• Certificate of Land Use Rights, house, and office ownership (notarized copy).
• Decision on land allocation, land lease, change of land use purpose to implement the project by the competent authority (if the rented land or house does not have a Certificate of land use rights);

The project location must meet the provisions of Vietnamese law such as:

• Must not be an apartment or group house;
• For manufacturing companies, must rent land in industrial parks and industrial clusters to register a company.

It will be simpler for Clients to purchase a Vietnamese company, contribute capital to purchase shares or stakes of a Vietnamese company or establish a joint venture company, with Vietnamese people contributing capital. Please contact Viet An Law for specific and fastest support by phone number (+84) 9 61 67 55 66 (WhatsApp, Viber, Zalo, Wechat).

Open FDI Company in Vietnam: Complete Package Services of Viet An Law

Viet An Law’s comprehensive foreign-invested enterprise establishment service includes the following services:

• Consulting support to help businesses choose a form of business establishment, and meet investment conditions corresponding to each business line, type of business, charter capital level appropriate to the industry, and appropriate company name;
• Request the approval of the investment policy (if any); Apply for Investment Registration Certificate.
• Receive business authorization to draft all business registration documents according to regulations;
• Enterprise representatives directly submit business registration documents to the Department of Planning and Investment.

In addition, Viet An Law also has additional post-establishment services for newly established FDI enterprises, especially more incentives for businesses that have used the full establishment package at Viet An Law:

• Open a bank account
• Engrave company seal
• Buy an electronic digital signature
• Register for digital signature
• Make company signs
• Register to use electronic invoices
• Register for tax declaration
• Declare and pay license fees
• Pay social insurance for employees
• Register trademarks and inventions for businesses.
• Consulting on labor law, developing labor contracts, internal rules, and operating regulations according to Vietnamese law.

Other advanced services for FDI company registration in Vietnam

• Apply for a business license for conditional business lines
• Reporting service on investment activities of foreign investors
• Intellectual property consulting services
• Full package tax accounting service

Time to set up an FDI company in Vietnam

The time for an FDI company registration in Vietnam is about 30-45 working days, of which:

• Issuance of Investment Registration Certificate (project not subject to investment policy approval): 30-35 working days
• Issuance of Enterprise Registration Certificate: 06-08 working days

Estimated time does not include consultation time, preparation of required documents.

Procedures for FDI Company Registration in Vietnam

Why should you choose to open an FDI company in Vietnam?

Purpose of applying for a visa

A visa (or visa) is a type of document that allows foreigners to enter and reside legally in Vietnam for a certain period of time. The duration of the visa is usually short, but it is the initial residence purpose of many foreigners who want to seek long-term residence in Vietnam.

Visas can be issued to foreigners working, starting a family, or having investments in Vietnam. These are the most common ways to apply for permanent residence. Therefore, with the establishment of the company, the investor has carried out investment activities – the basis for applying for a visa to stay in Vietnam.

According to current regulations, investment visas issued to foreign investors in Vietnam and representatives of foreign organizations investing in Vietnam are classified according to the value of capital contribution or preferential/encouraged industries. Investment, specifically including:

• DT1: contribute capital of 100 billion VND or more or invest in industries, occupations with investment incentives, or investment incentive areas decided by the Government.
• DT2: contribute capital from 50 billion VND to less than 100 billion VND or invest in industries and professions that encourage investment and development as decided by the Government.
• DT3: capital contribution from 03 billion VND to less than 50 billion VND.
• DT4: capital contribution less than 03 billion VND.

Accordingly, the corresponding visa duration is specified in Article 9 of the Law on Entry, Exit, Transit, and Residence of Foreigners in Vietnam 2014 as follows:

• Phone 4: has a term of not more than 01 year.
• DT3: has a term of not more than 03 years.
• DT1, DT2: have a term of not more than 05 years.

Therefore, the greater the investment value of the business establishment capital, the longer the investor has the opportunity to apply for a residence visa. This term usually corresponds to the term of the project’s investment registration license in Vietnam.

Purpose of applying for temporary residence card

A temporary residence card is also a form of recording the right to stay for a certain period for foreigners in Vietnam, however, the term of temporary residence is usually longer than a visa and is more commonly used for investors. The symbol of a temporary residence card is similar to the symbol of a visa.

However, it should be noted that temporary residence cards are only issued to foreigners entering the country with visas with symbols DT1, DT2, and DT3, and do not include DT4 (Article 36 of the Law on Entry, Exit, Transit, and Residence). residence of foreigners in Vietnam 2014). Therefore, in case an investor establishes a company with an investment capital of less than 03 billion, he/she will not be issued a temporary residence card but will only be able to apply for a visa with a term of less than 01 year.

Expired temporary residence cards are considered for issuance of new cards and usually correspond to the term of the investment project. Thus, the company established by the foreign investor acts as a guarantor of the legal residence of foreigners in Vietnam. The duration of the temporary residence card is specified in Article 38 as follows:

• DT1 has a term of not more than 10 years.
• DT2 has a term of not more than 05 years.
• DT3 has a term of not more than 03 years.

Note: The temporary residence period recorded on the temporary residence card may be canceled or shortened by the immigration management agency in case the foreigner violates Vietnamese law.

Earn profits from investment projects in potential markets like Vietnam

In recent years, Vietnam is a country with the potential to attract large investment capital from foreign countries in Southeast Asia. Establishing a company in Vietnam to do business or run an investment project is the most popular form of investing for profit in the Vietnamese market.

To promote the efficiency of investment capital, many provinces and cities across the country have applied measures to select foreign investors. Therefore, investors need to ensure that they prepare enough necessary resources to explain their ability to establish and operate the company and the ability to generate profits from the investment project when registering with the investment licensing agency. At that time, capital is the most important factor besides human resources and facilities.

If you need to use the service of registering to establish an FDI enterprise with minimal costs, please contact Viet An Law, hotline: (+84) 9 61 67 55 66 (WhatsApp, Viber, Zalo, Wechat) for the fastest support.