All of investors aiming to establish a foreign owned company in Vietnam are not allowed to do anything that conflicts with some specifics conditions as promulgated under the Law on Investment and Law on Enterprise. In specific areas being considered as conditional investment, the investor shall need to conduct the procedure of applying investment registration certificate as regulations of law. As soon as the investment registration certificate is completed, the next step, the company license, is the key to run business legally.
People wanting to get a certificate of enterprise registration of a joint stock company or limited liability with two or more members are required to produce several specific legal documents.
– Application form for enterprise registration
– The company’s charter.
– A list of founding shareholders and shareholders being foreign investors/ a list of capital contribution members.
– Valid copies of:
Copies of the ID card or other ID papers of founding shareholders and foreign investors/members being individuals; list of authorized representatives of foreign shareholders being organisations.
Decision on establishment, certificate of business registration, or an equivalent document of the organization and the letter of authorization; the ID card or other ID papers of the authorized representatives of founding shareholders and foreign investors being organisations.
If shareholders are foreign organizations, the copy of the certificate of business registration or an equivalent document must be notarized, legalized and authenticated.
The Certificate of Investment registration of the foreign investors as prescribed by the Law on Investment.
Government Agency: Business registration office of the province where the enterprise’s headquarters is situated.
Duration: within 03 working days from the date of receipt of full documents.
Resut: The certificate of enterprise registration or the necessary revisions and supplementation.
Since the Vietnamese government realizes the economic impact of foreign investments, the solid efforts to make investments in Vietnam more transparent have been made and earned results. If investors do not receive notification or request of supplementation to the application for enterprise registration, the investor could lodge a complaint to the state agency to protect its right in doing business and investment in Vietnam.
The enterprise is entitled to do business from the issuance date of the certificate of company registration. In specific areas, enterprises are entitled to engage in conditional business lines if the State authority evaluates the plan of the investor whose purpose is achievable economically and in accordance to the regulations of Vietnam.
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