Establishment of a joint venture company is a form of foreign investors contributing capital in Vietnam in the form of 100% foreign capital contribution or joint venture with Vietnamese investors to establish an enterprise.
The form of establishment of a joint venture company in Vietnam is as follows:
This is a plan for foreign investors and Vietnamese investors to jointly establish a new joint venture company from the beginning.
This is a plan for Vietnamese investors to establish a company first, then foreign investors contribute capital, buy contributed capital and shares in Vietnamese company to form a joint venture company.
Number of documents: 01 set;
The investment registration agency shall issue the Investment Registration Certificate within the following time limits:
Procedures for issuance of investment certificates
Investors submit dossiers to investment registration agencies directly or online via the foreign investment information system;
The registration authority considers the validity and issues an investment registration certificate to the investor.
Number of documents: 01 set;
Processing time for issuance of business registration certificates:
03 working days from the date the investor submits all valid documents as prescribed.
Procedures for issuance of the Business Registration Certificate:
After establishment, a joint venture company needs to carry out some of the following procedures:
Vietnamese investors submit 01 application at the Department of Planning and Investment directly or online via the National Business Registration Portal;
The Department of Planning and Investment shall consider the validity and issue the Business Registration Certificate within 03 working days from the date of receipt of a valid dossier;
The company carries out the engraving of legal entity seals and procedures after the establishment of the enterprise.
Only applicable to cases where foreign investors buy contributed capital in Vietnamese company doing conditional trades or cases where foreign investors buy more than 50% capital in company doing business in unconditional lines.
Foreign investors submit 01 application to the Department of Planning and Investment.
Investment agencies shall consider the validity and notify investors of eligibility to contribute capital, purchase contributed capital and shares in Vietnamese enterprises within 15 days from the date of receipt of valid dossiers.
Investors shall contribute capital or transfer registered capital to Vietnamese company in accordance with regulations on foreign exchange transactions for foreign direct investment activities in Vietnam. In case the foreign investor holds 51% or more of the contributed capital in the company, the company shall open a direct investment capital account.
The company submits 01 change dossier to the Department of Planning and Investment.
The Department of Planning and Investment shall consider the validity and issue the Business Registration Certificate or the Certificate of change of enterprise registration contents within 03 working days from the date of receipt of a valid dossier;
In case a joint venture company is newly established at the beginning, procedures for issuance of an investment registration certificate must be carried out. In case a foreign investor registers to contribute capital to a Vietnamese enterprise, it is not required to carry out procedures for issuance of an investment registration certificate.
In case a foreign investor buys contributed capital in a Vietnamese company doing conditional business or in case a foreign investor buys more than 50% capital in a company doing business in an unconditional line, the procedures for registration of purchase of contributed capital must be carried out, Stock.
In case of new establishment of a joint venture company, all investors contribute capital in the form of transfer to the direct investment capital account as prescribed in Circular 06/2019/TT-NHNN managing foreign exchange transactions for foreign direct investment activities in Vietnam.
In the case of capital contribution, purchase of contributed capital, depending on the form of transfer and the percentage of ownership of the foreign investor, the foreign investor contributes capital through the direct investment capital account or to the current account of the company.
Customers interested in the procedures for setting up a joint venture company, please contact Viet An Law Firm for the fastest and most accurate package support!
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