​Business registration procedures for foreigners are carried out according to the following steps:

Step 1: Issue investment registration certificate

Before carrying out the procedures for granting the Investment Registration Certificate, the investor declares information about the investment project online on the National Information System on Foreign Investment.

The investor submits 01 set of documents to the investment registration agency.

The investment registration agency reviews the validity and issues an investment registration certificate to the investor within 15 days from the date of receipt of valid documents.

Step 2: Issue Business Registration Certificate

The investor submits 01 set of documents to the business registration agency in person or online via the National Public Service Portal for business registration.

The business registration agency receives and issues the business registration certificate within 03 days from the date of receipt of valid documents.

Step 3: Issue business license if applicable

In case a foreign investor does business in conditional investment fields and requires a business license, before doing business, the investor needs to apply for a business license.

Some professions require a license to qualify for business such as: Retail services; Services of Logistics; e-commerce services, postal services; educational services…

Business registration documents for foreigners

Application for investment registration certificate

• Document requesting implementation of investment project;
• Copy of foreign investor's passport
• Proposing investment projects;
• Copy of bank confirmation with balance corresponding to the investment amount;
• In case the investment project does not request the State to allocate land, lease land, or allow change of land use purpose, submit copies of documents on land use rights: Real estate lease contract, red book; Construction decisions or other documents proving the project location;
• Content explaining the technology used in investment projects for projects subject to appraisal and consultation on technology according to the provisions of law on technology transfer;
• Other documents related to the investment project, conditions and capacity requirements of the investor according to the provisions of law (if any).

Application for business registration certificate

Depending on the type of company the investor wants to establish, the investor prepares the corresponding documents. However, basically the following basic documents are needed:

• Application for business registration;
• Company rules;
• List of founding shareholders and shareholders who are foreign investors (if a joint stock company); List of members (if it is a two-member LLC);
• Certified copy of identity card or citizen identification card or passport (if an individual); Establishment decision, business registration certificate or equivalent document and citizen identification card or identity card or passport with authorization document for the capital manager in Vietnam (if an organization) ;
• Authenticated copy of identity card or citizen identification card or passport of the legal representative of the joint venture company;
• Certified copy of the issued Investment Registration Certificate;
• Power of attorney for Truong Quyen Law Office Company - Davilaw Branch;

Some notes when registering a business for foreigners

• Foreign investors must meet business conditions when carrying out business registration procedures in Vietnam. For each investment field, there will be separate conditions regarding procedures, capital contribution ratio, investment capital, and investment form.
• When establishing a company in Vietnam, foreigners must prove financial capacity. Foreigners demonstrate through Confirmation of bank account balance or savings book in the investor's name with the corresponding amount invested in Vietnam;
• Foreign investors must ensure they have a location to carry out the project: have a house or office rental contract in Vietnam to register the company headquarters. Note that the address cannot be an apartment or group house.

Some questions about business registration procedures for foreigners

In what fields are foreign investors registered to do business?

Foreign investors are restricted from investing in a number of industries according to the list of industries and occupations with limited market access for foreign investors specified in Decree 31/2021/ND-CP.

How long does the business registration procedure for foreigners take?

According to the investment law 2020 and enterprise law 2020, business registration time for foreigners is about 20 - 25 working days.

How much is the business registration fee for foreigners?

Foreign investors do not pay fees for issuance of investment registration certificates. For the business registration certificate, investors must pay a business registration announcement fee of 100,000 VND, and are exempted from the business registration fee of 50,000 VND when submitting online documents through the national public registration service portal. enterprise.

Business registration service for foreigners of Truong Quyen Law Office - Davilaw Branch

• Consulting on business registration conditions for foreigners according to each specific business field or according to the investor's nationality;
• Consulting on the capital contribution ratio of foreign investors in Vietnam according to Vietnamese law and WTO commitments;
• Consulting on choosing the appropriate company type for investors: Limited Company or Joint Stock Company, head office address, capital, business lines, opening a capital transfer account, capital contribution period;
• Consulting on conditions and guiding investors to prepare necessary documents for business registration for foreigners;
• Consulting and drafting business registration documents for foreigners;
• Investor representative works with competent Vietnamese state agencies in the process of business registration for investors (Application for Investment Registration Certificate, Business Registration Certificate, making legal entity seal, announcement of seal samples, procedures after establishing a company, legal consulting services on tax - accounting, transferring profits abroad, labor - insurance, issues related to ownership wisdom…;
• Comprehensive consulting on activities arising during the process of conducting business in Vietnam for investors.

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For detailed advice and support, please contact:

TRUONG QUYEN LAW OFFICE – DAVILAW ​​BRANCH

Address: 42/5 Ho Dac Di, Tay Thanh Ward, Tan Phu District, Ho Chi Minh City

Email: contact@vingroup.net

Web: https://davilaw.vn