Malaysia Hotline: +603- 2141 8908
Business and Investment
in Vietnam is not only economically attractive, it can also rely on a modern
legal framework. The practical business requires highly qualified management
and understanding of legal and practical conditions. With the new provision of
having more than one Legal Representative, the typical foreign invested Limited
Liability Company can be organized according to international standards.
The new law states
that all business lines not being prohibited or restricted are free. This is a
major improvement; the implementation on the administrative level probably will
take time and needs patient persuasion.
Types of Vietnam
Companies available for foreign direct investment
(a) Representative
Office;
(b) Branch Office;
(c) Limited Liability
Company (“LLC”);
(d) Partnerships;
(e) Joint Stock
Company (Shareholding Companies) (“JSC”).
Foreign Investment
A foreign investor can
own up to 100 (one hundred) percent of the charter capital depending on the
business lines and models of investment. A thorough examination of the business
lines, legal framework, WTO commitments and regulations under Free Trade
Agreements are necessary.
Registered Capital
For limited liability
companies and joint stock companies, capital contribution must be fully paid
within 90 days from the issuance day of Enterprise Registration Certificate.
For a LLC the law does
not state a general required minimum Charter Capital. However, it has to be in
a reasonable relationship to the intended business. For certain business lines
the law does state a minimum Charter Capital.
Shareholders & Directors
A typical Vietnam
company will require the following key persons:
- Director (General)
- Legal Representative
- Authorized
representative
Registered Address
Vietnam address is
required for registration purpose. Tannet will be able to provide registered
address.
Contact us
If you have further queries, please contact Tannet
24 hours Malaysia hotline：603-21418908;
24 hours Hong Kong hotline：852-27837818;
24 hours Hong Kong hotline：86-755- 36990589;
Email: mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.net, http://en.tannet.com.my