Six steps for setting up foreign trading company in Vietnam.

Six steps for setting up foreign trading company in Vietnam

Foreign investors may set up an foreign trading company in accordance with Vietnamese law. There are six steps for setting up a foreign trading company in Vietnam as follows:

Step 1: Application for registration of investment certificate.

Before setting up an foreign trading company, a foreign investor must have an investment project, carry out the procedures for issuance of an Investment Registration Certificate. Foreign investors must satisfy the conditions and procedures in accordance with Vietnamese Law on investment to get the Investment Registration Certificate.

Step 2: Registration for setting up foreign trading company in Vietnam

After receiving the Investment Registration Certificate, foreign investors shall carry out the registration for setting up foreign trading company in Vietnam in accordance with Vietnamese Law on Enterprise. Foreign investors may register to set up a foreign trading company in Vietnam by one of the following forms:
a.Setting up a foreign trading private company in Vietnam
b.Setting up a foreign trading partnership in Vietnam
c.Setting up a foreign trading multi member limited liability company in Vietnam
d.Setting up a foreign trading single member limited liability company in Vietnam
e.Setting up a foreign trading shareholding company in Vietnam.

Step 3: Posting up the contents of foreign trading company were set up:
After receiving the certificate of business registration, foreign investors shall post up the content of foreign trading company being set up in the National Business Registration Portal.

Step 4: Making seal and seal specimen registration for foreign trading company being set up:
After receiving the certificate of business registration, foreign investors shall order to make seal and seal specimen registration at the Business Registration Office.

Step 5: Open Account and tax registration or foreign trading company being set up:

After seal specimen registration for foreign trading company being set up, foreign investors shall open accounts and conduct tax registration to commence its operation.

Step 6: Application for a business license for foreign trading company being set up:

Foreign investors conduct their trading operation shall be granted a business license before commencements of their trading activities in accordance with Decree No.23/2007/ND-CP dated 12/2/2007 of the Vietnamese Government, Circular No.08/2013/TT-BCT dated 22 April 2013 and the Circular 34/2013/TT-BCT dated 24 December 2013 of the Ministry of Industry and Trade.

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Vietnamese law firms in setting up foreign company in Vietnam.