How to set up a manufacturing company in Vietnam #1 Investment registration certificate. Specifically, according to Article 22 of the Law on Investment, other than satisfying some specific conditions regarding foreign enterprise formation in Vietnam, you must obtain an investment registration certificate before opening your business in this jurisdiction. Companies in Vietnam must also get a business registration certificate … formId: "e965f18b-dd3a-40e0-9d39-53871d55bdd1", Find the advice of our lawyers specialising in business law in Vietnam. » Cafe€redit » business registration certificate vietnam VietnamCredit is the first company in Vietnam to provide information on companies and industries . Investment Registration Certificate and Enterprise Registration Certificate. The World Bank cited that Vietnam has transformed from being one of the world’s poorest countries into growing middle-income country over the past thirty years. The most updated business and financial news on Vietnam Economy with facts & figures will be covered. Parent Category: About PCB >> About us 11 / 03 / 2015. Business Registration Certificate Joint Stock Company. Decree 1 affirms the business registration number of a company is also the company’s tax code, and furthermore, be the company’s number for units participating in the social insurance system; The … How to set up a company in Vietnam is a matter of concern to many foreign investors. This article will guide key information about the legal procedure for starting your business! In addition, according to the 2019 Doing Business Report by the World Bank, the outlook for setting up a business in Vietnam is becoming better and better due to its improved investment transparency and other initiatives for unceasing development. Here we walk you through both the benefits and challenges of Vietnam business to reach your final decision! In practice, the time duration would be lengthened due to the time for preparation of documents from investor, getting them notarized, legalized and authenticated before being accepted in Vietnam. company formation and business registration agency, How to Set up a Business in Vietnam in 2021, Minimum Capital Requirement in Vietnam For Foreign Companies, Important Things to Consider before Selling a Business in Vietnam, How to Open an Outlet in Vietnam: A Guide for Foreign Investors, How to Start Selling Food Products without Registering a Company in Vietnam, A Guide to Partnership Registration in Vietnam, An Introduction to Processing Contract in Vietnam, The business name is in compliance with Vietnam Law, Enterprise registration documents are complete, The enterprise registration fee and other charges are paid in full, The founder or the authorised individual has to submit a complete registration dossier to the registration agency, The registration agency will check if the submitted documents are complete and valid in 3 days, If the application is refused, a notification in writing will be sent to the founder or the authorized person with reason and requirements stated, In addition, all foreign companies in Vietnam must also meet other specific conditions under Investment Law and Enterprise Law. An investor must first engage in an investment project and prepare an application dossier (file) to apply for an Investment Certificate (IC), which is also considered to be the business registration for the enterprise. However, the Business Registration Agency has the right to accept or refuse such request. However, things have changed. In short, there are 2 essential business registration certificates in Vietnam that you must know: enterprise registration certificate and investment registration certificate. In this article, Cekindo will provide you with some legal insights into obtaining the certificates. Thus, it is very necessary for you to know in-depth what the differences between the two certificates are, when and how to apply for each type, so that you do not accidentally mess up your legal process of incorporation in Vietnam. Key highlights include business restrictions, needed documents, and associated costs. Especially, for businesses operating in the printing industry, one of the conditional business lines in Vietnam, it is important to know the procedures for investment registration, business registration and … Application for an Investment Registration Certificate in Vietnam, Room 9, 4F, Beverley Commercial Centre, 87-105 Chatham road South, Tsim Sha Tsui, Kowloon, Hong Kong, 2 Essential Business Registration Certificates in Vietnam for Foreigners. First of all, you must obtain an investment registration certificate from the... #2 Business registration … Readers are given critical information may affect your money while doing business in Vietnam. "Business" Required to be Registered and Application for Business Registration. Learn more on how it differs from a traditional physical office! Then, the investment registration authority must issue the investment registration certificate to the investor within 15 business days upon the receipt of the valid application. There are four key considerations: 1) Clarify your Business Lines and Scope Vietnam’s accession to the WTO required that the nation opened its economy to foreign investment in a wide range of business lines. Enterprise registration certification is the must-have certificate when you set up a business in Vietnam. Renewal of Business Registration. Copy of a document proving the investor’s ability and financial capacity; Copy of a document showing the investor’s right to use the land used for carrying out the investment project; Business Corporation Contract if the investment project involves such contract. In order to operate a foreign company in Vietnam with 100% ownership, you will need to acquire two certificates from relevant authorities: investment registration certificate and enterprise registration certificate. Searching of Company Information on Vietnamese National Business Registration Portal After addressing the National Business Registration Portal, Enter tax code / business code into the search … The application may require more documents depending on your business activities and investment. International investors are obliged to obtain an Investment Registration Certificate (“IRC”) from the municipal/provincial Department of Planning and Investment (“DPI”) in relevant provinces in Vietnam. Adjustment of Certificate of Business registration in Vietnam Foreign-invested company making changes of Certificate of Investment registration is acquired to manage the below procedure: Step 1 : The company firstly needs to separate Certificate of Business registration and Certificate of Investment registration ( with the content of exclusive business registration). To set up in Vietnam, foreign investors must obtain an investment certificate/license and carry out a company registration process. Authority (“SIRA”), which will issue them investment registration certificates (“IRC”). 2. According to the Law on Investment, an investment registration certificate is a document (can come under electronic form) that acknowledges the information on an investment project registered by an investor. The business name is not the same as those of government organizations. The reason is that, back then, an investment registration certificate in Vietnam can also act as an enterprise registration certificate, according to the Law on Investment published in 2005. Setup enterprise registration certificate vietnam “ERC” at LHD Law Firm, the Top Vietnam law firm with Location at Ha Noi, Ho Chi … Cekindo is your top choice for your business registration certificate, be it investment registration certificate or enterprise registration certificate, in Vietnam because of our years of experience and expertise as a legal and business consultant. Business registration certificate or enterprise registration certificate. From 2015, as a foreigner, if you want to establish a new company in Vietnam, you need to obtain an investment registration certificate along with getting an enterprise registration certificate. Cekindo Business InternationalShark building - 3rd & 8th Floor29 Nguyen Van Mai StreetWard 8, District 3Ho Chi Minh City 72408, Vietnam +84 28 3535 0019 vietnam@cekindo.com. Business Registration Certificates for 3 Years. On the other hand, application must be submitted by the investor for projects that are not subject to investment policy decision. With this report, you will acquire copies of the Business Registration Certificate/ Enterprise Registration Certificate and the Articles of Association/Charter of Company. Pre-INCORPORATION advisory. Planning to open a company in Vietnam or looking for assistance with business registration certificates in Vietnam, the following are our list of startup services. Overview of Enterprise Registration Certificate in Vietnam. 5. The Investment Registration Certificate is granted first since it is the prerequisite to obtain the Business Registration Certificate. 19/2006/NĐ-CP providing detailed guidelines on the Law on Commerce on Origin of goods, Circular No. Why Doing Business In Vietnam: Benefits vs Challenges. In some cases, if the nature of business acitivity falls under the Negative List, some sub-licenses of business will be required. How To Set Up A Company In Vietnam for 2021. Address of the head office of the enterprise; telephone number, fax number, and email address; Charter capital (in case of an enterprise) or investment capital (in case of a sole proprietorship); Types of shares, value per share and the total number of shares by type which may be sold (in case of a joint-stock company); Full name, signature, permanent residence address, nationality, and personal identification document of a sole proprietor (in case of a sole proprietorship) or each partner (in case of a partnership); Full name, signature, permanent residence address, nationality, and personal identification document of the business’s law representative, in case of limited liability companies and joint-stock companies. 1.2. The most common ones are: The business name is not completely the same or confusingly identical to those of other enterprises. In case an enterprise registers change to contents of branch or representative office registration and business location registration, the enterprise shall submit a notice to the competent business registration office in the locality where such branch or representative office or business location of the enterprise is located for issuance of Branch/Representative office registration certificate … The article has showed you the best ways to verify whether the business registration certificate of a Vietnamese company is legitimate or not. Certificate of Origin is stipulated in Decree No. 07/2006/TT-BTM guiding the procedures for issuance and management of the Certificate … Home About PCB About us Business Registration Certificate Joint Stock Company. There are 3 rates for different types of products and 2 methods to calculate Vietnam value added tax. After forming conditions. © 2020 Cekindo Business International, Ltd. We use cookies to improve and customize your browsing experience. Per the Enterprise Law 2014, every enterprise must receive an enterprise registration certificate (“ERC”) prior to beginning operations, which will be issued by the provincial-level State Business Registration … Preparation for Company Registration Delays are often encountered where the required preparation has not been completed. portalId: "1804570", The step-by-step process of company registration in Vietnam #1 Investment registration certificate. Particularly, an enterprise registration certificate in Vietnam contains the following information: Your enterprise shall be granted a certificate of enterprise registration when meeting all of the conditions below: As for the application documents, they vary depending on the type of business to be registered. Within 15 working days from the date of receipt of a complete and valid dossier, the competent authority shall grant the investment registration certificate for investors. According to ‘Doing Business Report 2019’ article of the World Bank, the time-period for starting a business in Vietnam … Name, permanent residence address, nationality and legal identification document (identity card for … Particularly, an investment registration certificate in Vietnam contains the following information: Normally, in order to apply for an investment registration certificate in Vietnam, you need to submit the following documents to a business registration agency* (a part of Vietnam’s Department of Planning and Investment): *If your investment project is located in industrial zones, export-processing zones, hi-tech zones or economic zones, then the management boards of these zones will be responsible for issuing an investment registration certificate to you. Is legitimate or not a more systematic way Cekindo business International, Ltd. we use cookies to and. Your application within 3 working days ( from the government Cekindo business International, Ltd. use... 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