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Company Incorporation in Vietnam (Especially for Hotels, Restaurants, and Cafes)

 

Pursuant to Article 13, Law on Enterprise 2005, foreigner is permitted to open a company with 100% foreign- owned capital that is regulated specifically in Decree No. 108/2006/ND-CP of September 22, 2006.

Article 7: Establishment of economic organizations with 100% capital of investors

  • Domestic investors and foreign investors may invest in the form of 100% of their own capital to establish limited liability companies, joint-stock companies, partnerships or private enterprises under the provisions of the Enterprise Law and relevant laws.
  • Enterprises with 100% foreign investment capital which have been established in Vietnam may cooperate with one another and with foreign investors to establish new enterprises with 100% foreign investment capital.
  • An enterprise with 100% foreign investment capital shall have the legal person status under Vietnamese law, be established and operated from the date of grant of the Investment Certificate.

For the industries in conditional investment domains, there are some notes for foreigners who are going to set up it in Vietnam as followings:

The procedure of judging and approving Certification of Investment currently bases on capital amount of project.

  • For the project with beginning capital under VND 300 billion, pursuant to Article 46, Decree No. 108/2006/ND-CP, examination of investment projects capitalized at under VND billion 300 and in conditional investment domains, investor needs to prepare:
  1. Investment registration document (made according to a set form);
  2. Business cooperation contract, for investment under a business cooperation contract;
  3. Report on the financial capability of the investor (which is made by the investor and for which the investor shall bear responsibility).
  4. The business registration dossier corresponding to the type of enterprise as provided in the enterprise law and relevant laws
  5. Exposition on the capability to satisfy the conditions which the project is required by law to satisfy
  • For the project with beginning capital over VND 300 billion, pursuant to Article 47, Decree No. 108/2006/ND-CP, domestic investment projects and foreign investment projects capitalized at VND 300 billion or more each and those on the list of conditional investment projects must go through examination procedures order to be granted Investment Certificates. Dossier for company incorporation comprises:
  1. Investment registration document (made according to a set form);
  2. Business cooperation contract, for investment under a business cooperation contract;
  3. Report on the financial capability of the investor (which is made by the investor and for which the investor shall bear responsibility).
  4. The business registration dossier corresponding to the type of enterprise as provided for in the enterprise law and relevant laws
  5. The business registration dossier corresponding to the type of enterprise as stipulated in the enterprise law and relevant laws;
  6. Joint venture contract, for investment in the form of establishment of a joint-venture economic organization between a domestic investor and a foreign investor.
  7. Exposition on the capability to satisfy the market entry conditions required for investment projects in conditional investment domains.

Specifically for Hotel, Restaurant, and Cafe

Under Vietnamese current regulations, for operating a Restaurant, Cafe and Food service in Vietnam, investors also need to obtain some other required certificates to be full incorporate in Vietnam.

  • The first one is Certificate of Food Hygiene and Safety for a restaurant that normally issued by The Health Ministry or the state agencies in local depend on the scope of restaurant and cafe.
  • The second certificate is Alcohol Retail License (If the restaurant wants to sell alcohol)
  • The third certificate is Cigarette Retail License (If the restaurant wants to sell Cigarette)


With our deep experience and understanding about the market, combining our trusted relationship with Vietnamese Authority, Viettonkin JSC would like to offer a One-stop Service with full guarantee for Company Incorporation in Vietnam.

Our scope work will include:

Per our consulting process on a case-by-case basis, the followings are highlighted:

  • Preliminary Consultation: Give background information and orientation for clients (information on the country, people, overview of the market, and competition, list of required documents for submission)
  • Preparation stage: Present and consult about different laws and regulations related to the business lines of our clients, market research, making suitable arrangements for clients to visit the country (if applicable) for better understanding about the market and competition, etc.
  • Documentation Planning and Building: Compile documents for submission, checking and editing, translation, authentication and notarization in accordance with the local law
  • Submitting the application dossier to the licensing authority on behalf of clients with the Power of Attorney to get the license;
  • Applying  for  Company  Seal, Announcement  and  guidance  on  post-procedures  required by Vietnam laws
  • Consulting  and  applying  for  Certificate  of  Food Hygiene and Safety for a restaurant
  • Consulting  and  applying  for  Alcohol  Retail License (If the restaurant wants to sell alcohol)
  • Consulting  and  applying  for  Cigarette  Retail License (If the restaurant wants to sell Cigarette)
  • Monitoring and following up with the relevant authorities on the approval process;
  • Following the developments and additional requirements, if any.

Moreover, we also provide these supporting services as following:

TIMING

Accomplishment

Timelines

(Business working day)

Planning and preparation stage

10

Obtaining Investment License

45-50

Obtaining Company Seal, Announcement

10

Obtaining Certificate  of  Food Hygiene and Safety for the restaurant

20-30

Obtaining Cigarette  Retail License (If the restaurant wants to sell Cigarettes)

20-30

Obtaining Alcohol  Retail License (If the restaurant wants to sell alcohol)

20-30

 


Viettonkin JSC is a multidisciplinary-operated company specializing in Consulting Services which provides professional services to both domestic and foreign businesses as well as towards larger companies in all over the world. By facilitating business, investment and trade between Vietnam and the rest of the world through innovative and cost-effective development services, we have helped many individuals and businesses make their business much more active and successful.

If you would like further information on seting up RO/Branch in Vietnam or other Southeast Asia regions, please either email to our Consultants at: info@viettonkin.com.vn or call to our Office:

Telephone No: (84) 4 38728518 or (84) 4 39367944

Hotline: +84(0)945 086 038

Fax:  (84) 4 39368069

What we do

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Viettonkin JSC
Level 4, Naforimex Building, 40 Hai Ba Trung Street, Hoan Kiem District, Hanoi, Vietnam

Phone/Fax: +84 4 3872 8518
Hotline: +84 9 4508 6038

E-mail: info@viettonkin.com.vn

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