Incorporation companyinVietnamrequiresinvestment certificatesofinvestmentorplanning departmentsof the People'sCommittees ofprovinces and citiesinVietnam.
This issuedepends onthe positionof the company, the licensing authoritymay be theProvincialPeople'sCommittee(forcompanieslocatedoutside theprocessing industryand export) ortheprovincialexportprocessing zones andindustrialmanagementandagencies(forcompanieslocated in theindustrialprocessingand export).
LHDwould like to clarifythattheproceduresfor establishinga company withforeigninvestmentinVietnamgenerally takesalong timecompared toother countriesin the region.
Frompracticalexperienceofover 10yearsLHDinvestigation showed thatalthoughthe total timeto establish aforeign-investedcompanyunder the provisionsof theForeignInvestment Lawin 2005Vietnamwas20-45days, tooactual processmay takealonger timeso thatthecompetentauthoritiesshallconsult withotherrelevantagenciesevaluateinvestment projects.
According tothe law of Vietnamon investment, combined withafirmforeigninvestment(hereinafter referred toas the "Investors"), youare required topropose aninitialinvestmentto getinvestmentcertificates.
We willcollect informationand documentsrequiredfromyou. After receivinginformationfrom thedocumentsyouneed, wehave the responsibility totranslatedocumentsfrom English toVietnameseandpreparingdocumentsundertheproposedstandard form.
Theinitial draftdocumentswillbesent toyou withyour comments. Then, after updating theapplication profilebasedonyour comments, we will get thepreliminaryopinionofthe competentauthorityandsend the dossierwascompleteproposalfor youbesignedand sealed. We anticipatethat this allowed
2Carry outfiling:
Within02working daysafter receiving thedocumentsbe signedand sealed, we have to submitproposalsto competent authorities.
Itwilltake about45days from thefilingoperationtothe competentauthorityforlocallicensing agencyshall grantinvestment certificates. In somecasesthisprocesscanlast longerbecauseittakes timetoconsult withrelevant ministriessuch asthe Ministryof Industry and Trade, Ministry of Planningand Investment, Ministry of Finance, thisdependsontheprojectandrequirementsofinvestors.
3Procedures forinvestmentcertificate:
Within 15working days, wewill complete thenewlicensingproceduresasnewcompaniespublishedinnewspaper, stamp andregistrationtakingtax code.
Contract us:
Ha Noi City: hanoi@lhdfirm.com Ho Chi Minh City: all@lhdfirm.com
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