When investing in Vietnam, foreign individuals or companies can setup a company, a joint-venture or acquire existing capital or shares. As foreign investment is still regulated, it is important to understand Vietnam’s legal framework and define a specific strategy.
Why choose PLF?
When investing in Vietnam, foreign individuals or companies can setup a company, a joint-venture or acquire existing capital or shares. As foreign investment is still regulated, it is important to understand Vietnam’s legal framework and define a specific strategy.
Contributing capital or purchasing shares in a company established in Vietnam is understood as an investment or an acquisition of capital or stocks.
The operation of a representative office shall be solely confined to the conduct of liaison activities, market research, and promotion of its head office’s businesses. In other words, the representative office promotes the foreign company’s businesses under which it is opened but is not allowed to generate profit by itself.
Appointing a local nominee as owner/shareholder of the company can avoid restrictions on foreign investment and shorten the time required to establish the company. The nominee or trustee structure also protects the identity of the beneficial owner as only the name of the Vietnamese nominee will be officially registered in the company.
We understand that hiring and paying monthly salary to a lawyer might come at quite a cost for many enterprises. Hence, to facilitate enterprises’ access to professional and cost-effective legal solutions, PLF has developed a service concept known as “In-house Counsel” exclusively for corporates.
