Set-Up A Foreign Company For Business In Equipment Machines

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Once an investor has set up their trading company within Vietnam, it is important that their workers gain a strong understanding of the country’s import and export regulations and procedures. Below we lay out the key takeaways that companies must be aware of before starting their trading activities in Vietnam.

1. The order and procedures for setting up the company are as follows:

- Place of receiving and resolving registration documents: Department of Planning and Investment (the unit that handles the dossier is the Foreign Investment Department and the business registration office where the head office is located).

- Implementation time: The total time is 20 working days for the establishment of a service and Production Company, 40-45 working days for companies trading in import and export, and distribution. Coordinate..

2. Application file for establishment of a foreign company BUSINESS OF DEVICE MACHINERY includes:

* Application file for investment registration:

- Passport or ID card for individual investors; Establishment / operation license for investors being organizations / businesses;

- Financial statements according to the legal regulations of the latest 02 years for investors being organizations / businesses;

- The document certifying the financial balance proving the investor's financial capability to implement the investment in Vietnam;

- Office Lease / Borrowing Contract Or Agreement on Renting / Borrowing office in Vietnam to be a company headquarters;

- Certificate of establishment / operation of ng of the lessor / Checked office (if any);

- Certificate of ownership, land use / rental / loan building of the lessor / lender (if any);

* Application file for business registration of a company:

- Licensed investment registration certificate;

- Passport or ID card for individual investors; Establishment / operation license for investors being organizations / businesses;

- Charter of organization / operation for investors being organizations / foreign enterprises ( Only applicable to the establishment of a one-member limited liability company where the company owner is an organization / enterprise );

- Passport or ID card of the legal representative of the company established in Vietnam;

- Passport or ID card of authorized representatives to foreign investors to manage the capital of foreign investors invested in the Company established in Vietnam;

- Contract Hire / office Borrow Or Text rabbit a t covenants Rent / Borrow office in Vietnam to the company's headquarters;

- Certificate of Establishment / Operation of the Party for Rent / Borrowing Office (If any);

- Certificate of ownership, land use / rental / loan building of the lessor / lender (if any);

3. Some business lines related to machinery and equipment include:

4651	46510	Wholesale computers, peripherals and software
4652	46520	Wholesale of electronic and telecommunication equipment and components
4653	46530	Wholesale of agricultural machinery, equipment and spare parts
4659		Wholesale of other machinery, equipment and spare parts
	46591	Wholesale of mining and construction machinery, equipment and spare parts
	46592	Wholesale of machinery, electrical equipment, electrical materials (generators, electric motors, wires and other equipment used in electric circuits)
	46593	Wholesale of machinery, equipment and spare parts for weaving, sewing and shoe leather
	46594	Wholesale of office machines, equipment and spare parts (except computers and peripheral devices)
	46595	Wholesale of machinery, medical equipment
	46599	Wholesale of other machinery, equipment and spare parts not yet classified