With Asoka Law, the local law firm which has supported 100+ foreign investors to do successfully business in the country, from establishment to development into global companies.
Asoka Law specializes in supporting foreign investors through 02 activities: (1) establishing new businesses and (2) contributing capital, buying shares and capital contribution. These are also 02 investment forms in Viet Nam most suitable for foreign individuals/small and medium enterprises.
Investors can freely set up completely new business plans, with the active resources of themselves and their associates.
Proactively avoid participation in business lines where foreign investors are limited.
New business owners can control their business records from the start, which will be easier to operate and manage.
The registration procedure is relatively more complicated than buying capital contribution in an existing business.
Market creation, customers, and brands may take longer than participating in an existing business.
Quickly operating businesses with existing business licenses/profiles.
Immediately approaching old markets and customers, therefore developing businesses more easily compared to setting up completely new ones.
Simpler procedures for registration of contributing capital, buying shares & capital contribution compared to establishing new businesses.
Investors need to be cautious when reviewing legal issues of the old enterprise before deciding to contribute capital, buy shares/ capital contribution.
Foreign investors might be restricted to participate in some active business lines of the old firm.
According to the Law on Investment 2014, there are four forms of investment in Vietnam: (1) establishing a new economic organization; (2) contributing capital to or purchasing shares, capital contributions from existing economic organizations; (3) signing PPP contracts with state agencies; and (4) signing BCC contracts with other investors.
There are two common forms of investment for foreign individuals/ businesses into Vietnam, which are: setting up new businesses; or contributing capital, buying shares/ capital contributions at existing enterprises in Vietnam.
If you want to decide on all activities related to business operation on your own, do not cooperate or contribute capital with anyone; instead, you should choose to establish a new economic organization. The appropriate company type for you is: Single-member limited liability company (SLLC).
There are 03 business types for you to choose when setting up economic organizations in Vietnam, including: sing member limited liability companies (each is owned by 01 individual/ organization), multi-member limited liability companies (each owned by 02-50 individuals/ organizations), and Joint Stock Companies (each owned by 03 individuals/ organizations or more).
No, you cannot. As regulated in the 2014 Law on Enterprises, "any individuals under 18 are not allowed to establish and manage businesses". This means, those under 18 years old cannot set up a company on their own (they are not considered adults).
No. In Vietnam, there are some business lines limiting foreign investment. You can check the list of business lines that are not subject to investment certificates or restrict investment on the Foreign Investment Agency's website or submit a request to Asoka Law for help.
If you two agree to establish a business in Vietnam, then the most suitable company type for you is a multi-member limited liability company (MLLC).
No. In Vietnam, there are some business lines limiting foreign investment. You can check the list of business lines that are not subject to investment certificates or restrict investment on the Foreign Investment Agency's website or submit a request to Asoka Law for help.
Foreign investors are allowed to contribute capital to economic organizations in Vietnam in the following three forms: (1) buying shares issued for the first time or additional shares issued by joint stock companies; (2) contributing capital to limited liability companies or partnerships; (3) contributing capital to other economic organizations.
Currently, Asoka Law provides 2 consulting methods: free consultation (by our client care unit) and paid consultation (by our respective lawyers). You can fill out an inquiry form that will be automatically emailed to the client care unit, or go to our Lawyer Consultation page to request a paid consultation.
You can chat directly with Asoka's client care unit via the chat box displayed on our website. Or: call - message via Hotline 096 191 4328 (zalo / viber / whatsapp). In addition, we also have accounts on facebook, youtube (name: Asoka Law), and email (consult@asokalaw.vn). You can choose the contact channel that best suits you. Upon receiving your requests, Asoka Law specialists will contact you back within 30 minutes (during working hours).
Yes, you can. However, you must register in advance with our client care unit or through our Lawyer Consultation page. Pre-registration is for us to properly arrange a Lawyer that best suits your requests. Also, face-to-face lawyer consultation is a form of paid consultation under Asoka Law's provisions.
We are proud to be a conscientious legal partner for +100 foreign investors successfully doing businesses in Viet Nam
consult@asokalaw.vn
Asoka Law Companny Limited (Asoka Law)
HCM Office: 5th Floor, 35 Hoang Dieu, Xom Chieu Ward, HCMC
Operation Registration Certificate no. 79.2018.02.2946/TP/ĐKHĐ issued by Department of Justice of Ho Chi Minh City
