Investment procedures in Ho Chi Minh City
Vietnam is an emerging market with the best vitality during the outbreak of the Covid-19 pandemic. With the abundant labor force, the cheap labor cost compared to the region, the policy mechanism for foreign investors is being improved, with more investment incentives. Therefore, Vietnam is a potential bright spot in the coming time that is interested by investors around the world. The most prominent is Ho Chi Minh City, Vietnam’s largest economic center. With unique infrastructure and policies to attract foreign investment, Ho Chi Minh City is the top priority destination when investing in Vietnam
Currently to invest in Ho Chi Minh City, foreign investors for 2 ways. One is direct investment, the other is flat investment. In this article, Nghiep Thanh Law will guide the procedures of direct investment in Ho Chi Minh City for foreign investors. Of course, this is just a normal procedure for an investment project, depending on the industry of the investment project, different procedures will arise.
To carry out investment procedures in Ho Chi Minh City, an individual investor needs to prepare:
– Passport (certified copy with consular legalization);
– Bank account statements proving sufficient investment capital (notarized copy and consular legalization);
– Office lease contract, land lease contract in Vietnam;
– Certificates of land use rights;
For institutional investors, the documents to be prepared include:
– Establishment license of foreign company (notarized copy and consular legalization);
– Operation charter of the foreign company (notarized copy and consular legalization);
– Decision to appoint a representative to carry out investment procedures in Vietnam (the company’s legal representative signs and bears a seal if any);
– Passport of legal representative in Vietnam (notarized copy and consular legalization);
– Bank account statements of organizations proving financial capacity (Consular notarization and legalization);
– Office lease contract, land lease contract in Vietnam;
– Certificates of land use rights;
After preparing all the documents, the foreign investor prepares the application for the Investment Certificate and the Business Registration Certificate.
An application for an investment certificate includes:
– Proposal for investment project implementation (Form attached);
– Proposal for implementing investment project (Form attached);
– Attached documents are compatible with individual investors, organizations prepared above.
Submit application to the Investment Department – Department of Planning and Investment of Ho Chi Minh City.
Fee: No;
Processing time: 15 working days;
Result: Investment certificate.
Upon obtaining the Investment Certificate, the investor establishes a company in Ho Chi Minh City. For details, please read more at the article “Consulting on procedures for setting up a company in Ho Chi Minh City”.
Above are detailed instructions of the Nghiep Thanh Law on procedures for direct investment in Ho Chi Minh City. If there is still unclear issue, the Investor can contact directly with the Nghiep Thanh Law Firm for free investment procedure consultation.
In case investors are hesitant to carry out the above procedures, Nghiep Thanh Law is very willing to receive full service for investors. Nghiep Thanh Law has an office in District 4, Ho Chi Minh City, so it is knowledgeable about the market and can handle fast records for customers.
CONTACT INFO
NGHIEP THANH LAW CO., LTD
Address: 136, Street 1, Phuoc Kien Residential Area, Hamlet 5, Phuoc Kien Commune, Nha Be District, City. Ho Chi Minh.
Transaction office: Room 21A6, No. 12 Ton Dan, Ward 13, District 4, City. Ho Chi Minh.
Phone: (028) 3941 3688 – Hotline: Mr.Co 0984996971 – Lawyer Assistant
Email: info@luatnghiepthanh.com
Website: https://tuvanluat.vn
