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). Below is a useful guide to how to start a business in Vietnam as a foreigner. Knowing Vietnam business culture can contribute greatly to the success of your doing business with Vietnamese partners. District business registration office or Finance/Economic Division at the District level-if business is a household business; Validity of the License and application fee. Applying for an investment registration certificate. 2.1. 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. For investment projects that are subject to investment policy decision, once the investment authority has received the investment policy, they have to issue the investment registration certificate to an investors no more than 5 business days. 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. Set up and manage your oversea company across the globe, Open corporate bank accounts in offshore financial centers and leading financial hubs in Asia, Fulfill annual reporting requirements with outsourced accounting and auditing activities, Start receiving online payments with a merchant account, Enhance your business image with a mailing address in prime locations, Make informed decisions with news and insights. Also, please remember that the above papers are only standard documents. (except cases of establishing SMEs being innovative start-ups or start-up investment funds in relation to the SMEs support program under Vietnam laws, effective from 2021). Authority (“SIRA”), which will issue them investment registration certificates (“IRC”). In some cases, this tax can be seen as withholding tax in Vietnam. Why Doing Business In Vietnam: Benefits vs Challenges. However, if your business has any amount of foreign investment, you need to obtain an investment registration certificate before getting an enterprise registration certificate and your business, furthermore, needs to satisfy some other specific conditions. A Go-To Guide To Joint Stock Company In Vietnam. Vietnam’s numerous investment opportunities is nothing new to the world, especially for those aspiring entrepreneurs and investors looking to venture into Southeast Asia. The business registration authority that issues the Certificate of branch/representative office registration shall inform the business registration authority in charge of the administrative division where the enterprise’s headquarter is situated, send information about registration of the branch/representative office to the tax authority, statistics authority … The business line or sector in which the enterprise registers is not banned; All the fees have been paid according to the law’s regulations; The business name satisfies all of the criteria according to the law’s regulations. Business registration certificate of the branch and representative office will be withdrawn in three circumstances: (i) contents in the dossier registering business of branch and the representative office is counterfeit, (ii) branch or representative office stop operating for a year without notification to Business Registration Agency; or (iii) upon the court’s decision or … Preparation for Company Registration Delays are often encountered where the required preparation has not been completed. After being approved to establish a wholly foreign owned company in Vietnam, the competent authorities will issue 2 certificates for the investor, namely: Investment Registration Certificate; 1.2. In this article, Cekindo will provide you with some legal insights into obtaining the certificates. Known as the second China, Vietnam has achieved its economic openness and robustness today with a lot of efforts over the years. 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. In general, foreign investors should pursue two main certificates, which are Investment Registration Certificate (IRC) and Business Registration Certificate (BRC) / Enterprise Registration Certificate (ERC). Investment registration and Enterprise registration certificate in Vietnam ; Investment registration and Enterprise registration certificate in Vietnam. The business registration agency shall examine the validity of the enterprise registration dossier and grant an enterprise registration certificate within 3 working days after receiving such dossier. The application may require more documents depending on your business activities and investment. Investment laws & industry-specific regulator guidelines. However, there must be a business registration proposal containing the following information: The process of company establishment, including obtaining this business registration certificate in Vietnam, follows the regulations in Decree No.78/2015/NĐ-CP on enterprise registration. 2. 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. Valid Business Registration Certificate. Should you have any questions about any business registration certificate in Vietnam, please do not hesitate to contact us! 07/2006/TT-BTM guiding the procedures for issuance and management of the Certificate of Origin and some other sub-law documents. The business name and business registration number; The address of the business’s head office; Name, permanent residence address, nationality and legal identification document (identity card for example) of the enterprise’s law representative (in case of LLCs and JSCs); of the partnership’s members; and of the business owner of a sole proprietorship; Name, permanent residence address, nationality and legal identification document of each member who is a human individual; Name, head office’s address, business registration number of each member that is a body corporate of an LLC; Details on charter capital (in case of an enterprise) or investment capital (in case of a sole proprietorship). With this report, you will acquire copies of the Business Registration Certificate/ Enterprise Registration Certificate and the Articles of Association/Charter of Company. First of all, you must obtain an investment registration certificate from the... #2 Business registration … The business name does not contain words or symbols that go against Vietnam’s historical traditions, culture, morality and customs. BBCIncorp is always willing to help! Having the license guarantees the operation of the new company include: Certificate of base warranty, maintenance of cars Tax and other requirement. Within this article, Sophie Dao, a lawyer at GBS, a business law firm in Vietnam provides an overview on the Company Registration Process and Documents Required for Company Registration in Vietnam. How To Set Up A Company In Vietnam for 2021. The business name is not the same as those of government organizations. Guide to Hiring: Basic Terms of Employment Contract in Vietnam, Details on parties, obligation, working hours, wages (higher than minimum wage in Vietnam) and other benefits must be included in an employment contract in Vietnam. Business registration certificate or enterprise registration certificate. Having registered investment licenses, business registration record automotive industry, components, automobile assembly, maintenance and repair of automobiles. Within this article, Sophie Dao, a lawyer at GBS, a business law firm in Vietnam provides an overview on the Company Registration Process and Documents Required for Company Registration in Vietnam. Market entry advice. css: "" The Investment Registration Certificate is granted first since it is the prerequisite to obtain the Business Registration Certificate. Almost all businesses in Vietnam need to register for VAT. Foreigner Guide: Opening a bank account in Vietnam. Get in touch by filling in the form below. The business registration agency shall examine the validity of the enterprise registration dossier and grant an enterprise registration certificate within 3 working days after receiving such dossier. 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. 19/2006/NĐ-CP providing detailed guidelines on the Law on Commerce on Origin of goods, Circular No. The step-by-step process of company registration in Vietnam #1 Investment registration certificate. 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 … We will handle the entire registration process and submit the dossier on your behalf so that you don’t have to think about this part of investing in Vietnam. And, establishing an enterprise (an economic organization) is considered as an investment activity/project in Vietnam according to chapter IV of the Law on Investment. Here is a complete guide for foreigners to open a bank account for both individual and enterprise. 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 … Business registration certificate or enterprise registration certificate. VietnamCredit is the first company in Vietnam to provide information on companies and industries . Foreign business entities doing business in Vietnam are subject to foreign contractor tax. The IC is the official license allowing foreign investors to carry out business activities in Vietnam. business in Vietnam. In short, there are 2 essential business registration certificates in Vietnam that you must know: enterprise registration certificate and investment registration certificate. Setup enterprise registration certificate vietnam “ERC” at LHD Law Firm, the Top Vietnam law firm with Location at Ha Noi, Ho Chi … 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. Key highlights include business restrictions, needed documents, and associated costs. Renewal of Business Registration. Investment Registration Certificate and Enterprise Registration Certificate. 2.2. Vietnam Virtual Office vs Co-Working Space: Which to choose? Online Business … Having registered investment licenses, business registration record automotive industry, components, automobile assembly, maintenance and repair of automobiles. 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