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With many "open door" policies for integration today, Vietnam is increasingly attracting foreign investors. However, the procedure for establishing a 100% foreign-owned company is not simple, involving many competent state agencies.

CONDITIONS FOR ESTABLISHMENT OF A 100% FOREIGN-OWNED COMPANY IN VIETNAM

Foreign individuals/organizations must have nationality in WTO countries or countries that have signed trade agreements with Vietnam.

The investment sector does not belong to prohibited fields / must belong to industries that allow foreign entrepreneurs to own 100% of the registered capital.

Investors need to ensure financial capacity, provide sufficient documents proving the conditions for contributing their investment capital.

Ensure that the project location is suitable for the scale of the project / development planning in the locality.

Having a valid dossier on the establishment of a 100% foreign-invested enterprise in accordance with the provisions of Vietnamese law

FOREIGN INVESTORS, WHEN ENTERING VIETNAM TO INVEST IN THE PROJECT, MUST CARRY OUT PROCEDURES FOR APPLYING FOR INVESTMENT REGISTRATION CERTIFICATES AND ESTABLISHMENT DOCUMENTS INCLUDING:

1 A written request for implementation of the investment project;
2 For individual investors: Copy of identity card, ID card or passport
3 For investors being organizations: copies of establishment certificates or other equivalent documents confirming legal conditions;
4 Proposals for investment projects include: investors implementing projects, investment objectives, investment scale, investment capital and plans for capital mobilization, location, duration, investment schedule, labor needs, proposals on enjoyment of investment incentives, assessment of the impact and socio-economic efficiency of the project;
5 Financial statements of the last 02 years of investors;
6 Commitment to financial support of the parent company;
7 Commitment to financial support of financial institutions;
8 Guarantee on financial capacity of investors;
9 Documents proving the financial capacity of investors;
10 Proposing land use needs; in case the project does not request the State to assign or lease land or permit the change of land use purposes, it shall submit a copy of the lease agreement or other documents confirming that the investor has the right to use the location for the implementation of the investment project;
11 Proposing land use needs; in case the project does not request the State to assign or lease land or permit the change of land use purposes, it shall submit a copy of the lease agreement or other documents confirming that the investor has the right to use the location for the implementation of the investment project;
12 BCC contracts for investment projects in the form of BCC contracts.

PROCEDURES FOR COMPANY ESTABLISHMENT

Step 1: Customer information

Established information consultancy includes name, industry, headquarters and other information.
Collect documents including ID card, ERC and other relevant documents.

Step 2: Compose your profile

Proceed to prepare the dossier according to the information provided by the customer in step 1.
Send customer documents confirming and signing, stamping.

Step 3: Apply

Addition and modification of registration information (if any)

Bổ sung, sửa đổi thông tin đăng ký (nếu có)

Step 4: Certificate

Receive an enterprise registration certificate (ERC) or investment registration certificate (IRC) at the Department of Planning and Investment.

Step 5: Seal

Engraving the seal according to the information of the enterprise registration certificate.

Register the stamp form at the Department of Planning and Investment.

Step 6: Buy a digital signature

Registration of digital signatures according to business registration certificate information

Step 7: Open a bank account / pay taxes

Open a bank account / pay taxes

Advising on opening a bank account suitable for customers.

Proceed to pay the lesson tax.

Step 9: Handover documents

Registration of digital signatures according to business registration certificate information
Collect documents including ID card, ERC and other relevant documents.