Establishing a Foreign-Invested Enterprise in Vietnam

ESTABLISHING A FOREIGN-INVESTED ENTERPRISE IN VIETNAM

According to Investment Law No. 67/2014/QH13: Foreign-invested enterprise means an enterprise having members or shareholders being foreign investors; and foreign investor means a foreign national or an organization established under foreign laws that carries out business investment activities in Vietnam.

Under the provisions of Clause 1, Article 22 of the Law, before establishing an enterprise, a foreign investor must have an investment project and shall carry out procedures to apply for an Investment Registration Certificate (IRC).

Queenlaw provides legal services to implement IRC procedures for foreign investors to establish FDI companies in Vietnam with the following information:

Queenlaw Services Timeframe¹ Fee¹ Results
1 Consular legalization for docs of investors being foreign organizations 1-3 days 1,380,000 VND (60 USD)
2 Investment project dossier building (Formal Application Files) 3-6 days 23,000,000 VND (1,000 USD) Investment Registration Application Files
3 Investment registration procedures 15-30 days 2,300.000 VND (100 USD) Investment Registration Certificate (IRC)
4 Enterprise registration services 6 days 3,000,000 VND (130 USD) Enterprise Registration Certificate (ERC)
Total (1 USD = 23,000 VND): 25-45 days 29,680,000 VND (1,290 USD)

(Queenlaw Steps to establish a FDI company in Vietnam)

¹ For investment projects not subject to investment policy decision and meet all investment conditions applied to foreign investors (if any) and not in the case of collecting opinions from Ministries.

Vietnam has been a member of the WTO since January 11, 2007. Vietnam’s market access commitments to WTO member countries are recognized in the Schedule of Specific Commitments in Services, under which Vietnam commits to open the market for services included in this Schedule. For services not included in the Schedule, Vietnam has no obligations, except for the obligation to apply the general rules of GATS.

For further information, please contact:

FOREIGN INVESTMENT DEPARTMENT – QUEENLAW VIETNAM
Address: 26G Nguyen Hong, Ba Dinh, Hanoi
Email: linhtt@queenlaw.com.vn (Ms Linh)
Tel: (84-24) 3350 2022 ext. 172


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