Hi, Can you tell me if there is any way in Thailand to check if a company is really registered or not ? Official welcome ceremony for President Nguyen Xuan Phuc in Cambodia. Since Vietnam first opened its doors to foreign direct investment in the late 1980s, the primary way to establish a long-term corporate presence in Vietnam had been to set up a foreign invested company ("FIC") under the Law on Foreign Investment in Vietnam of 1996 ("LFI") and its predecessor, the 1987 Law on Foreign Investment. The memorandum and Articles of Association (charter) for registration of company includes the initial memorandum and Articles of Association (charter) submitted upon company registration and revisions made during the operation. In general, Vietnam government encourages foreign direct investment. Hence an investor can go for the process of company registration in Vietnam. Registration company in Vietnam after a full or partial division Firstly In case of full division of a limited liability company or joint-stock company; as prescribed in Article 198 of the Law on Enterprises, apart from the documents specified in Article 23 and Article 24 hereof; the application for registration of a new company must also . In the search results page, you can see the business name. An LLC may be 100% foreign-owned depending on the business' industry. The process of registering a company in Vietnam includes: Checking the proposed company name and obtaining a registration certificate. At LTS LAW, we offer a Vietnam company setup experience that is unique. Given our experience in working with various international and local companies, we believe that our assistance to client's business in Vietnam would be of great assistance to the establishment of the Company. However, depending on the business line, some companies need to apply for sublicenses. As such, Vietnam sees a vast mix of a consumer base as its popularity increases. 3. And Multi-member LLCs can have from 2-50 members. The items stated below are the details of company registration procedure in Vietnam: 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 Tax codes allow businesses to navigate Vietnam's accounting and financial regulations. Foreign-invested company changes business registration content without changing any content of investment registration, then it just manages procure of changing business registration at Department of business registration - the Service of Planning and Investment of the province/ city. We check the eligibility of the name, and make suggestion if necessary. Result: Business registration office shall issue the certificate of enterprise registration or if the application is not satisfactory, business registration office shall inform the applicant of necessary revisions and supplementation to company. 3. In 2013, the MOH authorized The Provincial Department of Health to grant certificates for foreign-owned enterprises' drug manufacturing, drug maintenance, drug testing and . How to register a legal entity in Vietnam Step 1: Investment Registration Certificate (IRC) Foreign investors must have investment projects and obtain IRC by submitting an application dossier to the Management Authority of the provincial industrial/economic zone (for projects located inside an industrial zone, export processing zone, high-tech zones or economic zones) or the provincial . A limited liability company (LLC) is a legal entity which is formed by the capital contributions of each member to the company. This is the easiest and most reliable way to get accurate information about a company in Vietnam. This type of business has the same legal recognition as domestic businesses in Vietnam and has the same rights and responsibilities as domestic companies. Company registration Vietnam. Businesses need to register hired employees with the social insurance department. Inspection of urban railway vehicle. In general, the company is required to have at least 1 legal representative residing in Vietnam. Vietnam-company-registration. Copies of the following documents: a) Legal documents of the enterprise's legal representative; WHY Mahan At Mahan everything we do is dedicated towards supporting your venture using our expert knowledge of investment laws & our local experience of doing business in Vietnam, Foreigners can register a company in a Vietnam free zone provided they plan to manufacture and export most of their products. Indochina Park Tower. Registration admin cost: This includes the cost for paper preparation (documents notarization, legalization), state fees, and the service fee paid to a supporter or agency who will help you complete the registration process. registration company in vietnam Vietnam Business Services and Vietnam market entry solutions and expertise to companies and entrepreneurs wishing to take advantage of the attractive quality-to-cost ratio of Vietnamese manufacturing operations or seeking to access Vietnam's growing market for imported goods and services. Work permit exemption & residence card application support. Published 08/10/2019 at 650 400 in Vietnam-company-registration. Is voluntary registration possible? Toyota Vietnam to recall 320 Camry 3.0 cars to check defects. Choose your payment method (We accept payment by Credit/Debit Card, PayPal or Wire Transfer). Therefore, it is essential to understand the procedures required to complete the conversion. Read more: The Costs of setting up a company in Vietnam. There are 02 licenses that foreign investors must obtain to establish FICs in Vietnam: Step 1: Apply for Investment Registration Certificate ("IRC") In this step, investor shall submit dossier to get the approval for foreign investment from management authorities. This is reference to your email below. Thus the requirement for such a business permit comes in the form of a foreign company branch license. Further, if the company is conducting certain conditional business lines (eg, aviation), the nationality or residence of shareholders, directors and officers may be required. The process includes collecting and submitting relevant documents, and communication with several state authorities. Single investors can take advantage of its simple corporate structure, which requires one founder only. 0. Business registration certificate Overview of the company to make sure the company is properly registered and has the appropriate business licenses. Vietnam's tax system is a significant determinant of its investment attractiveness. $. Step 1: The investor submits a dossier at the Investment Office - Department of Planning and Investment where the economic organization is headquartered to complete the procedures for registration of capital contribution, purchase of shares and contributed capital to the Company with 100% Vietnam. How to set up a business in Vietnam at minimal cost Last modified 13 Jul 2021. Company registration in Vietnam typically takes about one month. 1. We can undertake an investigation to provide you with evidence of the existence and registration details of the subject company by independently extracting copies of the publicly . Payment Is voluntary registration available for an overseas company or a fiscal representative? sblaw - February 6, 2018. Vietnam company registration in 4 Easy Steps 1. While there is no official capital requirement to register a foreign-invested company in Vietnam, a minimum paid-up capital of US$10,000 is always informally required. We have just been back from Tet Holiday. 1, Ho Chi Minh City. The processing day: 03-05 workdays. More details Steps Involved in Vietnam Company Registration Process Selected clients This post is contributed by Tran Thi Thu Thao, a VILAF associate: 1. Preparing project reports & business license application. Application for registration of a single-member limited liability company in Vietnam. Such Dental Clinic shall be liable . Payment for Your Favorite Vietnam Company. Company Registration Services Option 1: Establishing a company with foreigners who are share holders (shareholders are both Vietnamese and foreigners), foreigners are legal representatives, then Vietnamese people completely divest, transferring ownership to foreigners (Applicable to businesses established in Da Nang and Hoi An). In this article, LSX will provide necessary information about the company registration when converting an LLC into a JSC in Vietnam. The business registration authority that issues the Certificate of branch/representative office registration shall inform the register a company 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 . It's economy maintains a significant grow rate. Obtaining a tax registration certificate from the local business registration office under the Department of Planning and Investment. Legal ground. Vietnam. Application form for enterprise registration. Vietnam company formation: Legal advice: We have a team of lawyers who have not only good legal backgrounds and skills but having also business mind and strong ties to the field, evidencing by a large number of clients having their foreign direct investment in Vietnam. As a foreigner Vietnam Company Registration Law, you may find their policies advantageous to you. The country is located between the borders of China, Laos and Myanmar. About Registrar Corp Vietnam. If you are planning to file for a trademark or to register a new company name in Vietnam it is a good idea to do preliminary worldwide screening in order to reduce the cost of an exhaustive search. Submit Vietnam company registration documents, duly signed by the partners. In order to do business in Vietnam, you have to register your company to the authorities to get permission and license to operate. Once the investment project has been approved, the foreign investor must then proceed with the award of the ERC. The memorandum and Articles of Association (Charter) for registration of company in Vietnam . The incorporation process in general is the same for a LLC and JSC and takes approximately 1 to 3 months. A 100% Foreign-Owned Vietnamese Company is, as its name suggests a company that has no local owners or investors. The government of Vietnam has constantly aimed at liberalising foreign investment. How to check a Thai company registration ? While the opportunities for companies based in Vietnam are compelling, the company registration process is more complex and bureaucratic than the USA, Australia and Singapore, for example. 3. This minimum amount can reach US$100,000 and above when our Client plans to sell locally manufactured products; Contact us today via email : all@lhdfirm.com. Both legal entity types give you the following advantages: Our team comes from various backgrounds with different expertise, from accounting and tax specialists to legal experts and business . On 15 October 2020, the Vietnam Government released Decree 122/2020/ND-CP ("Decree 122") regulating the procedures for company registration in Vietnam, and incorporating initial labour usage declaration, Social Insurance registration and tax invoice usage registration. How to know if a company is really registered in Bangkok ? Such examples of business lines that need sublicenses include: Manufacturing Logistics Recruitment Lodging After receiving the Business Registration Certificate the founder(s) of a limited liability company or joint-stock company have 90 days to make the capital contribution to the company. 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 box in the upper left corner then click on the search button. What Is the Vietnam Company Registration Process? The company's charter. Decree 122 introducing changes to Vietnam company registration procedures On 15 October 2020, the Vietnam Government released Decree 122/2020/ND-CP (Decree 122) regulating the procedures for company registration in Vietnam, and incorporating initial labour usage declaration, Social Insurance registration and tax invoice usage registration. - Not entitled to issue shares unless converted into a joint stock company. While applications for registration could take between five to 10 days to process, recent reforms have attempted to reduce processing time to three days. A limited liability company in Vietnam is one of four types of business entity under which local and foreign investors are allowed to carry out business in Vietnam pursuant to Vietnam's Law on Enterprise. What is the whole registration procedure? Step 4. Both legal entity types give you the following advantages: Speaking about company types, our Vietnam company registration agents remind foreign enterprisers they can open private enterprises, partnerships, limited liability companies, and joint stock corporations. The 20th Asia Expert Meeting on Safety Glass R43. If the capital contribution, purchase of . Rep office and branch office of a foreign company must also register for a Licenses of Establishment of rep office/ branch office. 2. Fill in shipping, company address or special request (if any). All paperwork regarding the status of businesses is handled and stored at the office. Before establishing a Setting up an English Language Center in Vietnam: A Quick Guide In such cases, the registration process will be longer. Domestic companies: The portal about local companies maintained by the Business Registration Authority allows anyone to obtain: (1) basic . Fill in shipping, company address or special request (if any). For more information on our services or . 78/2015/N-CP. We do the company name screening in 200 countries, contact us. Send the company kit . Forming a company in Vietnam or any other foreign jurisdiction is never a simple matter. #Business #Vietnam #InvestmentHow to manage your market entry properly: It is not only licensing procedures but you must also understand fully how is your ca. 4 Nguyen Dinh Chieu Street. 01 Jan. Vietnam Company Incorporation. Vietnam Company Research, Vietnam Company Documents, Vietnam Company Search, Vietnam Company Profile, Vietnam Company Registry, Vietnam Corporate Due Diligence. 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