Company

LOCAL COMPANY IN VIETNAM

1. Legal nature: A full legal entity accredited by law of Vietnam of which foreigner can hold up to 51% capital of the company. The company has business license, seal and bank account.

2. Requirement: field of activity permitted by law.

3. Necessary information for the setting up of a local company

Corporation Name (Vietnamese one):  ………………………………………………………

Transaction name (English one): ……………………………………………………………

Abbreviation name:     …………………………………………………………………………

Head office address: ……………………………………………………………………………….

……………………………………………………………………………………………………

Telephone: …………………. Fax: ………………….. E-mail: ……………………………….

Total charter capital: ……………………………….……………………………….…………………

Paid up capital (if required): ……………………………….……………………………….………

Business fields of activities: ………………………………………………….…………………….

……………………………………………………………………………………………………

Member or investor, shareholder information:

Full name or company name:
Date of birth or date of establishment of company:
Gender/Nationality:
No. of identity card (or) passport or business registration certificate:
Date of issue/place of issue:
Permanent place of residence (as detailed as possible) or head office address:
Current place of residence (as detailed as possible):
Contribution capital (amount/rate):
Information of the legal representative of the entity investor, shareholder[1]:

Note: Please copy investor, shareholder information and fill in if necessary. Mark red on the name of person who will be legal representative of the company if any.

 

Information about the board of director or board of management of legal entity investor or shareholder:

Full name: Date of birth:
Gender/Nationality: No. of identity card (or) passport:
Date of issue/place of issue:  
Permanent place of residence (as detailed as possible):
Current place of residence (as detailed as possible):

Note: Please provide information about all member of the board of director or board of management. Mark red on the name of person who is chairman.

 

Information about the company’s legal representative if he or she is different from member or shareholder:

Full name: Date of birth:
Gender/Nationality: No. of identity card (or) passport:
Date of issue/place of issue:  
Permanent place of residence (as detailed as possible):
Current place of residence (as detailed as possible):

4. Necessary document for the setting up of a local company

  1. Certified copy of ID card or passport or business license of the investor, shareholder;
  2. Certified copy of charter and financial statement of foreign investor, shareholder’s company in case it is business entity other than individual;
  3. Notarized translation of documents of foreigner;
  4. Certified copy of bank account of foreigner in Vietnam;
  5. Original or certified copy of Office lease agreement and supporting documents;
  6. Other documents required by law depending on specific case;
  7. Other documents drafted by Tan Ha Law Firm.

5. Time frame for the setting up of a local company:

  1. 100% local: 20 days from the date of submitting the legitimate dossier.
  2. Having foreign shareholder or investor: 30 days from the date of submitting the legitimate dossier to competent authority for normal case.

The above time frame excludes time for preparing the application file.

 6. Service fee for the setting up of a local company:

  1. 100% local shareholder or investor: 300 US$.
  2. Having foreign shareholder or investor: 1000 US$ for normal case. This fee will be adjusted depending field of activity of the company in Vietnam.

The above service fees include office fee but exclude fee for preparing document for foreign shareholder, investor, disbursement i.e. notarization, translation and communication and VAT.

[1] Detail is as required for the legal representative of the company

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