Question

Answer

Set up a 100% FDI company in Da Nang, Vietnam

Investment project in Vietnam:

Before establishing a business organization or 100% FDI company, the foreign investor must have an investment project and apply for a Certificate of investment registration (Article 22 Law on Investment No. 67/2014/QH13 dated November 26, 2014);

Dossiers for investment project to set up 100% FDI company, include:

A written request for permission to execute the investment project;

A copy of the ID card or passport (if the investor is an individual); a copy of the Certificate of establishment or an equivalent paper that certifies the legal status of the investor (if the investor is an organization);

An investment proposal that specifies: investor(s) in the project, investment objectives, investment scale, investment capital, method of capital rising, location and duration of investment, labor demand, requests for investment incentives, assessment of socio-economic effects of the project;

Copies of any of the following documents: financial statements of the last two years of the investor; commitment of the parent company to provide financial support; commitment of a financial institutions to provide financial support; guarantee for investor’s financial capacity; description of investor’s financial capacity;

Demand for land use; if the project does not use land allocated, leased out by the State, or is not permitted by the State to change land purposes, then a copy of the lease agreement or other documents certifying that the investor has the right to use the premises to execute the project shall be submitted;

Explanation for application of technologies to the project mentioned in Point b Clause 1 Article 32 of the Law on Investment, which specifies: names of technologies, origins, technology process diagram, primary specifications, conditions of machinery, equipment and primary technological line;

The business cooperation contract (BCC), if the project is executed under a business cooperation contract.

Besides, national and business lines of the foreign investors shall be covered in the Vietnam’s WTO Commitments on Services dated October 27, 2006./.

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DMS Law firm in Vietnam
Director
(Signed)
Lawyer Do Minh Son