Source: http://japanvietnam.com.vn/en/dau-tu-nuoc-ngoai-vao-viet-nam-thong-qua-hinh-thuc-thanh-lap-cong-ty-thuong-mai/
Timestamp: 2019-08-23 15:11:27
Document Index: 43362365

Matched Legal Cases: ['Art 16', 'Art 28', 'Art 22', 'Art 33', 'Art 29', 'Art 5', 'Art 6', 'Art 12', 'Art 16', 'Art 22', 'Art 22', 'Art 5', 'Art 28', 'Art 33', 'Art 12', 'Art 22', 'Art 23', 'Art 29', 'Art 8']

FOREIGN INVESTORS ESTABLISH TRAIDING COMPANIES IN VIETNAM - Văn Phòng Kế Toán Đông Du
FOREIGN INVESTORS ESTABLISH TRAIDING COMPANIES IN VIETNAM
Commercial Law 2005: Art 16.2;
Law on Enterprises 2014: Art 28
Investment Law 2014: Art 22, Art 33;
Decree 118/2015/NĐ-CP: Art 29;
Decree 09/2018/NĐ-CP: Art 5, Art 6 and Art 12.2.
B. Concerning legal matters
According to Art 16.2 of Commercial Law 2005: Foreign traders are allowed to establish foreign-invested enterprises in Vietnam in the forms prescribed by Vietnamese law.
Art 22.1 of Investment Law 2014 regulates that Investors may establish economic organizations in accordance with law.
In the case of establishing a trading company in Vietnam, the foreign investors should gain these three following certificates and documents from the Vietnamese competent authorities, which are:
Investing License as pursuant to Art 22 Investment Law 2014;
Business License as pursuant to Art 5 and 6 of Decree 09/2018/NĐ-CP;
Business Registration Certificate for the trading and trading-related activities of foreign investors in the territory of Vietnam) as pursuant to Art 28 Law on Enterprises 2014.
C. Procedures for issuing the three above certificate
C.1. Required documents
For Investing License: Art 33 Investment Law 2014,dossiers including:
Application for investment project implementation;
Copy of ID card, ID card or passport of investor;
Proposing investment projects including the following contents: investors implementing the project, objectives, capital, location, first time and schedule. investment, demand for labor…;
Copy of one of the documents to guarantee the financial capacity of investors;
A copy of the location lease agreement or other document certifying that the investor has the right to use the location to implement the investment project;
For Business License: Art 12.2 Decree 09/2018/NĐ-CP, dossiers including:
A written explanation about:
Explanatory statement on the conditions for issuance of a business license corresponding to the provisions of Article 9 of this Decree;
Documents from Tax Department declaring no overdue tax debts;
Copies of the business registration certificate and the investment license.
For Business Registration Certificate: Art 22 and Art 23 Law on Enterprises 2014,dossiers including:
List of company’s members/shareholders
Valid copies of:
Personal identification for individuals (foreign passport or equivalent documents)
Establishment decisions, enterprise registration certificates or other equivalent document of [founding shareholders and shareholders being foreign investors which are] organizations and powers of attorney; citizen’s identity cards, people’s identity cards, passports or other lawful personal identification of authorized representatives of the founding shareholders and shareholders being foreign investors which are organizations;
Other qualifying legal documents in case of conditional business lines.
Note: All these above documents if written in a foreign language must be translated into Vietnamese and be notarized.
C.2. Place to submit the dossiers
Department of Planning and Investment where the investor places or plans to locate its head office: the registration of investment and business establishment (Art 29 Decree 118/2018/NĐ-CP)
Department of Commerce: the registration of business (Point a Art 8.1 Decree 09/2018/NĐ-CP)
D. Preparer
Nguyen Thi Khanh Ngoc – Preparer – Legal Consultant