Service of setting up foreign-invested (FDI) companies in Vietnam

Bistax Lawfirm supports free consultation and information about the expected establishment. Hence, to avoid unexpected arising, you just need to share with Bistax Lawfirm your industry, intended business goals, and Bistax Lawfirm will complete all procedures accurately and quickly on your behalf. We provide the service of setting up foreign-invested (FDI) companies in Vietnam.

How do foreigners set up FDI companies in Vietnam?

Depending on specific capital contribution conditions, investors can choose one of the following two ways to establish a foreign capital company:

➨ Method 1. Register for an investment certificate

In this way, investors will follow the process to register for an Investment Certificate in Vietnam. After obtaining the certificate, investors will carry out the procedures for registration of the establishment of the company.

Time to complete is from 40 – 55 days or it may take longer depending on registered business fields.

Having an investment certificate will facilitate investors when they participate in bidding for large projects and some big projects from the Government.

➨ Method 2. Contributing capital to a Vietnamese company

With this method, investors will proceed to establish a company with 100% Vietnamese capital. After that, investors contribute capital and buy shares to become shareholders of this company.

It takes 20 – 25 days from the date of submission to complete the process.

The establishment of a foreign-owned company in this way helps save costs, shorten time consuming and simplifies the accounting system, compared to method 1.

Compare the pros and cons of direct investment and transfer method

There are different advantages and disadvantages for each method, details as follows:

	Capital contribution to Vietnamese companies	Apply for investment certificate
Advantage	Low cost Simple procedures No need for bank account balance statement	High reliability Issuance of investment certificate
Disadvantage	Must submit a return and PIT There must be a Vietnamese person in the name of the establishment	High cost Complicated procedures Bank statement required Must prove foreign investment capital

In fact, not all foreign investors have Vietnamese acquaintances/relatives. Therefore, the condition “must have a Vietnamese person in the company’s name at the beginning of establishment” in the form of capital contribution to a Vietnamese company leads to low reliability and high risk.

You only need to provide the following documents:

service of setting up foreign-invested (FDI) companies

Choosing the service of establishing a foreign company in the form of transfer at Bistax Lawfirm, you only need to provide the following documents:

Information to be established: company name, address, business lines, charter capital…;
Notarized copy of ID card/CCCD/passport of Vietnamese to establish a company with 100% Vietnamese capital and capital contributors (2 copies);
If you are an individual investor: A notarized copy of the passport of the foreign investor to proceed for transferring capital from a Vietnamese shareholder to a foreign shareholder (3 copies);
If it is an investment organization: Notarized copy of consular legalized business registration certificate (2 copies).

Duration: 40 – 45 working days.

The process of establishing a foreign-invested company as follows:

Investment registration (According to Vietnam’s 2014 Investment Law applicable to foreigners investing in Vietnam): 35 – 40 days;
Registration of establishment of a foreign-invested capital company: 5 days.