Establishing a company with foreign investment capital is one of the business forms currently growing thanks to policies attracting investment for socioeconomic development. But what conditions are needed to facilitate the registration process when establishing a company with foreign invested capital? What documents are required? Let’s explore below.
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Conditions for establishing a company with foreign investment capital
Foreign investors can establish a company in Vietnam based on legal provisions. But before establishing a company, foreign investors must have investment projects and carry out procedures for investment registration certification according to legal regulations. Additionally, to establish a company with foreign investment capital, the following conditions must be met:
- The company must have been operating for at least 1 year
- Must have an investment project and complete registration procedures or conduct investment appraisal at a state agency.
- Must ensure the project location complies with local development planning
- Must have a financial capacity report to implement the investment project
- Must meet environmental and social security conditions
- Can only register for service sectors that Vietnam has committed to open the market for according to WTO 2016 conditions.
Documents for establishing a foreign-invested company
Regarding the documents for establishing a company with foreign investment capital, there are two cases based on whether the investor is an organization or an individual:
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Documents for establishing a foreign-invested company for individual investors
1: Copy of identity card, citizen identity card, or passport
2: Bank balance confirmation of the investor, corresponding to 4 proposed investments in Vietnam.
3: Lease agreement
4: Ownership proof of the leased premises
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Documents for establishing a foreign-invested company for organizational investors
1: Certificate of establishment or legal status confirmation of the investor
2: Copy of recent 2-year financial reports of the investor, including financial support commitments from parent companies, financial institutions, and proof of financial capacity. Confirmation of the investor’s bank balance corresponding to the intended capital contribution in Vietnam.
3: Notarized passport of the legal representative of the company abroad.
4: Notarized passport of the legal representative of the company in Vietnam
5: Lease agreement
6: Ownership proof of the leased premises
For projects using technology, a report including technology details such as: name, origin, main technical specifications, process diagram, usage status, equipment, and technological lines must accompany the application.
Apecdoc.org – Support for registering and establishing a foreign-invested company
To promote economic development in recent years, Vietnamese laws have introduced many preferential policies for foreign capital investment. However, to establish a foreign-invested company in Vietnam, investors need to understand the regulations, conditions, and required documents when setting up a company. Apecdoc.org strives to support investors in legal procedures for establishing foreign-invested companies easily. Our services include consulting and registration support for company establishment, offering many options for clients.
Apecdoc.org, with in-depth understanding of the legal conditions regarding business law for establishing foreign-invested companies, combined with a team of highly skilled multilingual consultants well-versed in Vietnamese law and enterprise law, will assist foreign investors in quickly resolving all issues to complete the registration process efficiently.
All queries will be addressed, and the necessary procedures for establishing a foreign-invested company will be guaranteed. Thus, investors can confidently delegate the registration process to our firm. We also offer complete company formation services, providing customers with many options when needed.
Sharing the conditions and procedures for establishing a foreign-invested company will help you better understand the regulations under Vietnamese law and avoid potential problems during your registration process.
