Setting up a companies with 100% foreign capital in Viet Nam is a form of investment in which foreign investors are allowed to implement investment projects in the form of investment in the establishment of 100 foreign-owned company in Vietnam
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Advise
A foreign investor (just like a local investor) may select one of the following Vietnamese legal entities to carry out a project:
Does registration of a Vietnam business differ from registration of a foreign-owned one?
Anser:
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Yes. in many ways.
Foreigners registering a new business in Vietnam are notably required to open a capital account in the country, which they will have to use in other to inject their company’s share capital.
Can my company be 100% foreign-owned?
Advise:
Yes, a company in Vietnam can be 100% foreign-owned in selected sectors.
What are required to incorporation company in Vietnam With the type of entity Wholly foreign-owned LLC (100% foreign owned company in Vietnam)?
Advise
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In order to complete incorporation, foreign-owned LLCs will be required to open a capital account with a local bank, required for share capital injection and transfers of future earnings abroad and obtain approval for a foreign investment certificate (FIC), required by the Vietnam government to allow foreigners to invest in Vietnam. Approval of the FIC requires a minimum investment, commonly set at US$10,000 but which may be higher in some industries.
All Vietnamese LLCs are also required at incorporation to provide the authorities with a registered address in Vietnam, which may be provided by One IBC if needed and a bank certificate of deposit for the amount of share capital, which will need to be transferred no later than 12 months after incorporation is complete.
Post incorporation, all foreign-owned LLCs must provide the authorities with an annual return and submit annual audited financial statements, which are a prerequisite for any remittance of earnings to their parent company.
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