Question
Answer
Invest to set up 100% FDI company in Vietnam ?
Foreign enterprises are allowed to establish commercial presence in Viet Nam in the form of 100% foreign-invested enterprise (Vietnam’s WTO Commitments on Services, dated October 27, 2006).
Foreign invetors are allowed to establish company in accordance with the law of Vietnam. Before establishing a company, the foreign investor must have an investment project and apply for a Certificate of investment registration following the procedures in Article 37 of the Law on Investment No. 67/2014/QH13 dated November 26, 2014 and must satisfy the following conditions:
The investor’s share of charter capital satisfies the requirements in Clause 3 Article 22 Law on Investment No. 67/2014/QH13 dated November 26, 2014;
The form of investment, operating scope, Vietnamese partners, and other aspects are conformable with the international agreements to which the Socialist Republic of Vietnam is a signatory (Article 22 Law on Investment No. 67/2014/QH13 dated November 26, 2014)./.
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Director
(Signed)
Lawyer Do Minh Son
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The Commercial Law in Vietnam No. 36/2005/QH11 dated June 14, 2005, took effect on January 01, 2006 (replaced the Commercial Law dated May 10, 1997).
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