ESTABLISHING A LEGAL ENTITY IN VIETNAM? TO OR NOT TO?
Please take this brief quiz to help determine whether you should consider owning a legal entity in Vietnam or not.
|
1. |
You want to start a new business in Vietnam |
Y |
|
2. |
You want to expand your market in Vietnam or Southeast Asian countries. |
Y |
|
3. |
You want to create an independent brand |
Y |
|
4. |
You want to participate in an investment project |
Y |
|
5. |
You are preparing to invest in a licensed industry in Vietnam |
Y |
|
6. |
You want to issue invoices independently |
Y |
If you answered "Yes" to 3 out of 6 of the above questions, we advise that you should consider having a legal entity in Vietnam. Of course, having a legal entity in Vietnam would fulfill all 6 of these needs.
Conditions for establishing a legal entity in Vietnam:
If you're an individual: A passport valid for at least 6 months is a mandatory requirement; having a bank account with sufficient funds to cover your intended investment in Vietnam is the next condition. However, please note that if you're not a Vietnamese citizen, some business sectors might have restrictions.
If you're an organization: You need a legalized consular record of the organization's dossier. Similar to individuals, you must have a bank account with sufficient funds to demonstrate financial capacity for your investment activities. There might be limitations in some service sectors beyond Vietnam's WTO Commitment Schedule.
If you have more questions and would like consultation, please send an email to: info.legal@longlegalagency.com to receive answers. Or for quicker assistance, chat with us using the chat box at the bottom right corner of the screen. Our consultants will respond promptly
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