APPLICATION AND PROCEDURES FOR FOREIGNERS TO CONTRIBUTE CAPITAL TO OPEN A COMPANY IN VIETNAM

With the potential for economic development and a favorable investment environment, Vietnam is becoming an attractive destination for foreign investors and businesses. However, contributing capital and establishing a company in Vietnam requires compliance with its own regulations on documents and legal procedures.

1. Application of registration for capital contribution of foreigners to a Vietnamese company

According to Decree 31/2021/ND-CP, an application of registration for capital contribution of foreigners includes:

1. A capital contribution registration document includes: information on economic organizations to which foreigners plan to contribute capital; the percentage of ownership of charter capital of foreigners after contributing capital to economic organizations;
2. A copy of valid identity card, identity card or passport for individual investors; a copy of the Certificate of Incorporation or equivalent document confirming the legal status for investors being organizations;
3. In case the establishment capital contribution of a foreign investor satisfies the conditions for the establishment of an economic organization, the Department of Planning and Investment shall notify in writing within 15 days from the date of receipt of sufficient documents for the investor to carry out procedures for changing shareholders, members as prescribed by law. In case the conditions are not met, the Department of Planning and Investment shall notify the investor in writing clearly stating the reason.

2. Procedures for foreigners to register capital contribution to open a company in Vietnam

According to the Law on Investment 2020, procedures for registration of capital contribution for foreign investors include:

The investor shall submit the dossier as prescribed at the Department of Planning and Investment where the economic organization's head office is located;

For application meeting the conditions, the Department of Planning and Investment will notify in writing within 15 days from the date of receipt of sufficient dossiers for investors to carry out procedures for changing shareholders and members in accordance with law. For dossiers that do not meet the conditions, the Department of Planning and Investment shall notify in writing to the investor clearly stating the reason.