Vietnam is one of the fastest-growing economies in the world. The low cost of living and highly qualified population make it an ideal location for foreign companies who are looking to branch out and invest. However, expanding internationally has its disadvantages as well. Not knowing the local laws and regulations makes it a thousand times harder to open a company overseas.
Setup a restaurant (F & B set up) in Viet Nam with 100% foreign capital as WTO commitment 11/2007 is permitted in Vietnam after 08 years of the commitment route.
# Quote (Open a restaurant in Vietnam)
According to WTO accession commitments, the foreign directly investor with 100% foreign capital (FDI) into Vietnam in the field of distribution must comply with time schedule: From 1/2007, mandatory joint ventures with Vietnamese partners with foreign capital not exceeding 49%. Since 1/2008, it is permitted to joint ventures and not limited to the proportion of foreign capital in the venture. Since 1/2009, there is allowed to set up businesses (DN) 100% foreign investment in the retail sector. And only since 1/2015, the FDI is open restaurants do not need to own the hotel project.
The investor has two options below:
- Set up new business with 100% foreign capital in restaurants, hotels and coffee.
- Acquisition of chain restaurants, coffee, hotels are in Vietnam.
- LHD counseling locations by local planning for the opening of the restaurant, coffee, hotel.
- Apply for guidelines of projects
- Preparation of documents and explanations of the investment license
- Apply for investment certificate
- Apply for certificate of food safety of restaurant, coffee, hotel.
- Advice and protection of trademarks, brand monopoly
- Other advice relating to activities of restaurant, coffee, hotel.
Please kindly contact with us if Clients need more information
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Comment
Hello, Here at CEC group we have leased a property in Vung Tau and would like to create a seafood restaurant. I am curious to know if you do consultancy for opening the restaurant ? Or do you just do consultancy for all the various legal procedures ? Regards, Steve