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.
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Set up a restaurant, coffee shop (F & B set up), hotel 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 advantage of investors
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 Law Firm advises to the investor
- 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
Hi,
I'm a Singaporean and interested in setting up a BBQ & HOTPOT restaurant in Ho Chi Minh City.
I would like to know what will be the procedule for a fresh start buiness.
From other websites, I realised that I need to open a bank account in order to register a company in Vietnam. How much capital do I need?
What is the quotation if I engage your service. Please advise.
Thanks
Ha Phuoc Hoa
hoaphuoc1803@gmail.com
First of all, On behalf of Board of Director of F
Steve Darby
stevedarbycecgroup@gmail.com
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
David
david@gmail.com
i want setup a cafe shop in district 1 hcm, ple send me the Quo ?
David
david@gmail.com
i want setup a cafe shop in district 1 hcm, ple send me the Quo ?
David
david@gmail.com
i want setup a cafe shop in district 1 hcm, ple send me the Quo ?
David
david@gmail.com
i want setup a cafe shop in district 1 hcm, ple send me the Quo ?
David
david@gmail.com
i want setup a cafe shop in district 1 hcm, ple send me the Quo ?
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