Reliable Foreign-Invested Enterprise Establishment Services
VPL – THE SMART CHOICE FOR INVESTORS
Today, the preferential policies for foreign individuals and organizations participating in enterprise establishment in Vietnam are attracting many investors. However, establishing a foreign-invested enterprise can be challenging for those involved due to complicated procedures and numerous legal regulations.
Understanding the needs of clients, Van Phuc Law provides foreign-invested enterprise establishment services to assist clients in completing business registration procedures quickly and concisely, minimizing legal risks.
Common difficulties when establishing a foreign-invested enterprise
Establishing a foreign-invested enterprise can present more challenges than setting up a domestic enterprise. So, what are the common issues investors face?
1/ Understanding legal regulations
Understanding the legal regulations regarding commitments under the WTO and Vietnamese legal documents before registering a foreign-invested enterprise can be difficult due to gaps in the legal system, with overlapping and conflicting documents causing confusion for those researching the process.
2/ Choosing business lines
Choosing a business line is limited due to the fact that many business fields are available abroad but not yet in Vietnam. According to the law, investors must use the appropriate business line code from the national classification system. If they cannot determine the correct code, they cannot register the enterprise.
3/ Complicated procedures
The procedures involve multiple steps, making it difficult for first-time enterprise founders to navigate the licensing and operational processes for investment projects in Vietnam. For projects that require land leasing or allocation from the government, investors must submit a proposal to request land allocation, and must obtain an investment certificate before applying for enterprise establishment permits.
4/ Time-consuming and costly
Investors must prepare a detailed investment project proposal, including objectives, scale, capital, funding methods, location, duration, and schedule, etc., in order to get approval from relevant authorities. Failure to anticipate the steps before, during, and after the project can lead to significant time and financial costs for the investor.
Benefits of using VPL’s foreign investment enterprise establishment services
By choosing VPL’s foreign investment enterprise establishment services, clients can be assured of the following benefits:
- Affordable service fees with high-quality service and favorable results.
- Time and cost savings by eliminating the need for clients to travel during the process of business registration.
- High accuracy in preparing the required documents, minimizing the need for supplementary or revised paperwork, thus preventing delays in the procedure.
- Absolute confidentiality of client information.
- Timely delivery of the enterprise registration certificate to client as promised.
When using the service of establishing a foreign-invested enterprise with Van Phuc Law, clients should be aware of the following required documents:
1. A copy of the passport or equivalent identification of the investors and the appointed Director. Information on their residence in their country of nationality.
2. A preliminary draft of the investment project: investment objectives, investment scale, capital investment and funding plan, location, timeline, labor requirements, and the expected results of the project, etc.
3. A lease contract for the office location.
The tasks that Van Phuc Law will handle without requiring any action from the client include:
1. Preparing the application for establishing a foreign-invested enterprise based on the information provided by the client, such as business lines, capital, and ownership.
2. Meeting directly with the client to sign the enterprise registration documents and power of attorney.
3. Directly submitting the application to the Department of Planning and Investment.
4. Receiving the business license and registering the enterprise’s legal seal.
FREQUENTLY ASKED QUESTIONS
1/ Where can I apply for the Certificate of Establishment of a Foreign-Invested Enterprise?
Investors can apply for the Enterprise Registration Certificate for foreign-invested companies at the Department of Planning and Investment in the province or centrally-managed city.
2/ Who is eligible to register for an investment certificate?
– Foreign-invested projects (100% foreign capital);
– Investment projects of economic organizations with foreign capital, where:
- Foreign investors hold more than 50% of the charter capital, or the majority of the general partners are foreign individuals in the case of a partnership company.
3/ What are the forms of establishing a foreign-invested enterprise?
To establish a foreign-invested enterprise, investors can follow one of these two methods:
- Apply for an investment certificate first, then proceed with the application for the Enterprise Registration Certificate.
- Establish a foreign-invested enterprise in the form of capital contribution, purchase of shares, and capital contributions from Vietnamese companies.
VPL – ENSURING OPTIMAL BENEFITS FOR OUR CLIENTS
The above outlines all of our services for establishing foreign-invested companies that we wish to share with our readers. If you are looking to establish a foreign-invested enterprise but are unsure of how to proceed, where to start, or lack the time to carry out the process, please feel free to contact VPL for assistance and to use our foreign-invested enterprise establishment services.
Contact VPL now for consultation and support!
