Existing foreign owned enterprises may be converted or re-registered to limited liability or joint stock companies according to the Law on Enterprises and Law on Investment 2005.

According to currently being drafted regulatory guideline, existing investor intending to create additional local company may follow one of the two paths depending on the controlling of majority/minority of shares in the new to establish company.

 

Model: Business registration alike Vietnamese local company by foreign minority (8)

1..        Submit application for business registration certificate

2.         Verification of the state of application

3.         Collection of business registration certificate

4.         Application for seal making and seal sample registration certificate

5.         Payment of seal engraving fee and fee for issuance of seal sample registration certificate

6.         Collection of the seal and the seal specimen registration Certificate

7.         Apply for tax code registration

8.         Collect tax registration certificate

 Open bank account (1)                                                 

9.         Opening a bank account

 Publication (1)                                                 

10.               Publication in a national newspaper

 

Model 2: Application for investment certificate by foreign majority (4)                                   

Apply for Investment Certificate

1.         Application for Investment Certificate (with land)

2.         Verify state of application

3.         Collect the Investment Certificate

4.         Verification of the state of application Copy

 Seal Registration (3)                                         

5.         Application for seal making and seal sample registration certificate

6.         Payment of seal engraving fee and fee for issuance of seal sample registration certificate

7.         Collection of the seal and the seal specimen registration Certificate

 Tax Registration (2)                                          

8.         Apply for tax code registration

9.         Collect tax registration certificate

 Open bank account (1)                                                 

10.        Opening a bank account

 Publication (1)                                                 

11.        Publication in a national newspaper

 

This is the advice of the Company Law Vietlink. Legal instructions given above is intended to guide the procedures for organizations and individuals when required. Our attorneys have tried hard to give users the information updated and practical. However, the information and documents referenced laws may have changed by the time users get these ideas. Moreover, in practice there are many texts explaining the different laws, so to be able to manipulate the law to the specific issue, users should consult legal experts or t Vetlink lawyer for more specific