Establishing a Company in Vietnam A limited-liability company ( LLC )​

General information:A limited-liability company is a legal entity established by its members through capital contributions to the company. The capital contribution of each member is treated as equity (charter capital). The members of a limited-liability company are liable for the financial obligations of the limited-liability company to the extent of their capital contributions. The management structure of a limited-liability company consists of a Board of members, a Chairperson of the Board of members, a Director/General Director. Multi-member limited-liability company that has 11 members or more shall establish the Control Board. A limited-liability company established by foreign investors may take the form of either:A 100% foreign-owned company (where all members are foreign investors).A foreign-invested joint venture company between foreign investors and at least one local Vietnamese partner. A limited-liability company must not issue shares to raise capital. Foreign investors are allowed to apply for a long-term multiple entry visa, or a temporary resident card in Vietnam without requiring a work permit. A Foreign director if he/she is not an owner/member of a limited-liability company, he/she will require a work permit and must have at least 2-3 years working experience in a management position. Director/General Director of a limited-liability company must reside in Vietnam, if he/she is away for longer than 30 calendar days then he/she must appoint one authorized representative for the absence duration.1. For 100% foreign own company, in which all members are foreign investors:  Documents required:1. For 100% foreign own company, in which all members are foreign investors:

Establishing a Company in Vietnam A joint-stock company ( JSC )​

General information:A joint-stock company is a limited liability legal entity established by its founding shareholders based on their subscription for shares in the company. Under Vietnamese law, this is the only type of company that can issue shares. The charter capital of a joint-stock company is divided into shares and each founding shareholder holds a number of shares that corresponds to the amount of capital the shareholder has contributed to the company. A joint-stock company is required to have at least three shareholders. There is no limit on the maximum number of shareholders in such companies. The management of a joint-stock company comprises the general meeting of shareholders, the board of management, the chairman of the board of management, the general director and a board of supervisors (where the joint stock company has more than 10 individual shareholders, or if a corporate shareholder holds more than 50% of the shares of the joint-stock company). A joint-stock company established by foreign investors may take the form of either:A 100% foreign-owned company (where all shareholders are foreign investors).A foreign-invested joint venture company between both foreign investors and at least one local Vietnamese partner. Foreign investors are allowed to apply for a long-term multiple entry visa, or a temporary resident card in Vietnam without requiring a work permit. A Foreign director if he/she is not an owner/member of a joint-stock company, he/she will require a work permit and must have at least 2-3 years working experience in a management position. Director/General Director of a joint-stock company must reside in Vietnam, if he/she is away for longer than 30 calendar days then he/she must appoint one authorized representative for the absence duration. 1. For 100% foreign own company, in which all members are foreign investors:  DOCUMENTS REQUIRED:1. For 100% foreign own company, in which all members are foreign investors:​

Establishing a Representative Office in Vietnam ( RO ) ​

Foreign companies with business relations or investment projects in Vietnam may apply to open representative offices in Vietnam.A representative office is not an independent legal entity and may not conduct direct commercial or revenue generating activities ( like; the execution of contracts, receipt of funds, sale or purchase of goods, or provision of services). However, a representative office is permitted to:Act as a liaison office to observe the business environment;Search for trade and/or investment opportunities and partners;Supervise and assist the implementation of contracts entered into by its head office with Vietnamese partners;Act on behalf of its head office to supervise and direct the implementation of projects in Vietnam.​ Thus representative offices can provide a wide range of ancillary support to their head offices overseas. This is a very common form of presence in Vietnam for foreign companies, particularly at the first initial stages. Documents required:

Applying for a Work Permit in Vietnam ( WP ) ​

All foreigners working in Vietnam and organizations in Vietnam which employ foreign employees for more than three (3) months are required by law to obtain a work permit. This is in accordance with their Vietnamese labor contract or assignment letter, except for the following: those working for less than three months, owner of a one member limited liability company or a member of a limited liability company with two or more members, on the Board of Management, entering Vietnam to offer services, entering Vietnam to work/resolve an emergency technical or technologically complex situations and foreign lawyers. The employer is required to apply for a work permit; however, the employee is to provide all the necessary personal paperwork required for the work permit application dossier, then all these documents will be submitted to the local Labour Department in Vietnam. Once issued, the work permit remains the property of the employer and must be returned to the local Labor Department when an employee ceases employment with the employer. Work permit can be extended for a maximum duration of two years for each extension. The application to file for extension must be ready to submit at least thirty days prior to expiry date. Documents required:​

Applying for a Temporary Residence Card in Vietnam ( TRC ) ​

Temporary Residence Cards are required for long-term foreigners living in Vietnam. To obtain a Temporary Residence Card, a foreign individual must apply to the Police of Immigration Department in that he/she is currently employed in Vietnam by producing a work permit Or he/she is being an investor/shareholder of a company in Vietnam. The period of Temporary Residence Card will be depended on the length of time on the work permit or how much capital she/he contributes to the company; will be a 1 year, 02 years, 03 years or maximum 05 years residence card. The Temporary Residence Card replaces the need for an equivalent visa in the meantime the foreigner living in Vietnam. Documents required:​

Applying APEC Card for business men/ women ( ABTC )​

APEC business travel card (hereinafter abbreviated to ABTC) is a kind of document issued by competent authorities of countries or territories participating in the Scheme on APEC business travel card to their business people in order to facilitate their travels to conduct business cooperation, commercial, investment or service activities; to participate in conferences and seminars; or for other economic purposes in countries and territories within APEC participating in the Scheme. ABTC holders, when entering or departing from countries or territories stated in their ABTC, need not obtain visas of such countries or territories. ABTCs holders also benefit from faster immigration processing on arrival via access to fast-track entry and exit through special APEC lanes at major airports in participating economies. The ABTCs shall be issued to one or these positions in a company as Business Man/Woman, Chairman, Deputy Chairman of Members Board, General Director/Director, Deputy Director, Chief Accountant, Head of Representative. The company must have a minimum revenue of the latest year is 10 billion VND and these applicants's ordinary passports are still valid for at least 03 years of use from the submitting date of the ABTCs. ABTCs shall be valid for five years since the date of issue and shall not be extended; In case of expiration, the new one shall be issued.APEC member economies fully participating in the scheme include Australia, Brunei Darussalam, Chile, China, Hong Kong (China), Indonesia, Japan, Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Philippines, Russia, Singapore, Chinese Taipei, Thailand, and Viet Nam. Canada and the United States are transitional members of the scheme. Documents required:​

Vietnam Visa​

To visit Vietnam, nationals of most countries require a visa which must be obtained in advance from an overseas Vietnamese Embassy/ Consulate or on arrival at the airport or at the country border. Visas are issued on entry to the country in exceptional circumstances, such as natural calamity or departure from a country that does not have a Vietnamese Consulate or diplomatic representative. A business or tourist visa for Vietnam can be obtained on submission of the relevant application form, passport (valid for at least six months) and other documents indicating the purpose of the visit. Citizens of the following countries do not require a Vietnamese entry visa for stays of specified periods, ranging from 14 to 30 days: Denmark, Finland, Russia, Norway, Swedeen; Japan, South Korea; Germany, France, England, Italy, Spain and ASEAN member countries (including Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore and Thailand). Moreover, those entering Vietnam with diplomatic, official and special passports enjoy entry visa exemption for up to 90 days in accordance with bilateral treaties (to date, Vietnamhas signed 54 bilateral treaties on entry visa exemption). Single or multiple-entry visas are available for business and tourist visas. After entering Vietnam, individuals may obtain an extension to their current visa, allowing a maximum stay in the country of twelve months, after which a new visa must be obtained. For more information, please contact us by info@hnhconsultant.com or to our hotline.​

Oversea Visa to Australia, New Zealand, UK, Europe, America, Korea, Japan.​

Nowadays, the economy is growing and the demand for tourism of people is increasing. So many people want to travel overseas to know much more about life in the world. And many of us are travelling for business purpose as well. To know more how to apply for one of these visas to Australia, New Zealand, UK, Europe, America, Korea, Japan…please just contact us, we are always here to assist you. For more information, please email us by info@hnhconsultant.com or contact to our hotline.​

How to study aboard in Australia​

Australia is increasingly asserting its position on the education map of the world, being one of the three most attractive study destinations in the world with top quality training, many research and working opportunities with a reasonable study cost. To meet requirements for an Australian student visa, you need to have an English language, education, financial ability and a study plan in Australia as well as a return plan back Vietnam after completing your course. For more information, please contact us by info@hnhconsultant.com or to our hotline.​

Back office supporting service​

Are you struggling and not know what to do with your accounting, payroll, contract, book-keeping and other office stuff? No worry, we are always here to advise and assist you with our back office supporting services that you may need.Please just share with us, we will take your concerns away with our professional and experienced services. For more information, please contact us by info@hnhconsultant.com or to our hotline.​

PURCHASING A BUSINESS IN VIETNAM AND IN OVERSEA.​

For more information, please contact us by info@hnhconsultand.com or to our hotline ​

APPLYING FOR A SUB-LICENSE TO SUPPORT YOUR BUSINESS GOING. ​

For more information, please contact us by info@hnhconsultand.com or to our hotline​

OTHER CONSULTING SERVICES.​

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