Dragon Law Firm provides advice and answers to some specific questions about unilateral divorce in accordance with the current law such as: Child custody after divorce, instructions for preparing a divorce application ... and legal issues Other related logic
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Can foreigners establish an enterprise in Vietnam?
Foreigners are allowed to establish enterprises in Vietnam in case of meeting speicific conditions
Can foreigners establish an enterprise in Vietnam?
Foreigners are allowed to establish enterprises in Vietnam but must meet the following conditions:
1. Subject conditions
- Full age of majority
- Full civil capacity
- Not subject to criminal prosecution
- Not currently serving a penalty
- Nationality of a WTO member country
2. Industry and business are not allowed to invest in Vietnam and business is restricted
According to Appendix 1 of Decree 31/2021/ND-CP For example
For example:
- Enterprises established by foreigners will not be allowed to provide services of sending workers to work abroad under contracts (labor supply);
- Foreigners are not allowed to provide inspection and certification services for means of transport.
3. Market access conditions for foreign investors
- compliance with commitment 318/WTO/CK corresponding to the scope of Vietnam's operations and business services;
- meet legal conditions (on charter capital ownership ratio of foreign investors in economic organizations; investment form; scope of investment activities...)
For example:
- Services packaging printing in other business services, with restrictions on charter capital ownership ratio and investment form, specifically:
• Charter capital ownership ratio of foreign investors in the organization economic: does not exceed 51%;
• Investment form: joint venture.
- Construction works in the construction services industry, with restrictions on subjects and scope of activities, specifically:
• Foreign investors: must be legal entities of a WTO member or a country ASEAN member;
• Scope of activities: construction of high-rise buildings, construction of civil engineering works, completion of installation, completion of high-rise buildings, other construction works.
4. Procedures For Establishing A Foreign Capital Company In Vietnam
There are 2 ways to open a foreign company in Vietnam:
4.1. Method 1: Establish a company with Vietnamese capital and then transfer;
- Step 1: Register to establish a company with 100% Vietnamese capital;
- Step 2: Carry out procedures for transferring capital to foreigners
4.2. Method 2: Establish a company with direct foreign capital from the beginning.
- Step 1: Carry out procedures to apply for an investment certificate for foreigners;
- Step 2: Register to establish a company or business.
Note: An enterprise shall have at least one legal representative residing in Vietnam. Whenever this representative leaves Vietnam, he/she has to authorize another Vietnamese resident, in writing, to act as the legal representative.
For more information, please contact:
DRAGON LAW FIRM
Office: Room 6, Floor 14, VIMECO Building, Pham Hung Road, Trung Hoa Ward, Cau Giay District, Hanoi
Branch: No. 102 Lot 14, Le Hong Phong Road, Dang Lam Ward, Hai An District, Hai Phong City
Hotline: 1900.599.979
Mobile: 0983.019.109 / 0974.422.331 / 098.174.3559 (foreign clients)
The lawyer is responsible for the counseling results for clients
Lawyers should care about protecting themselves during the practice. The operation of a Lawyer is mainly governed by the provisions of the law, the Law on lawyers and the internal rules of the Bar Association which are the Code of Ethics and professional behavior of lawyers. When violating the above provisions, Lawyers are legally responsible and this is not a theoretical risk but increasingly becoming a real risk.

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