Banking and Financial Services means services related to banking and financial activities of companies or their subsidiaries. This service includes not only activities related to banks, financial institutions, venture capitalists and other investors but also those arising during M&A transactions.

PLF is ranked by IFLR1000, Asialaw, and Legal500 in Banking and Finance for advising and supporting a variety of deals in Banking and Finance sector.

Legal services:

  • Corporate financing: PLF provides comprehensive financial services in M&A transactions, financial transactions, short-term and long-term financial planning regarding source funding, capital structure, debt restructuring, business evaluation, and investment flows.
  • Acquisition financing: PLF advises and supports our Clients in obtaining capital from investors, venture capitalists , and private equities for acquiring another business. We provide legal strategies for the settlement of acquisition financing issues; acquisition finance structure; documentation for acquisition finance transactions; and post-completion obligations.
  • Refinancing: By accessing the current business and financial status of our Clients’ company, PLF helps them to review the business requirements for restructuring investment capital; review the financial structure for identifying funding structures, risks, and solutions; analyze debts and financial obligations. After refinancing, our Clients can tailor their financial structure and move ahead.
  • Project financing: PLF provides legal advisory on general project transactions, particularly on the capital structure, transaction modeling, deal structure, financial feasibility assessment, and post-financing obligations.
  • Technology financing: PLF advises many Fintech projects on providing the legal frame, drafting, and reviewing the legality of business and operational activities between our Clients and banks as well as financial institutions. Our team is familiar with new financial models in the market such as e-wallets, digital banking, e-commerce, blockchain, cryptocurrency, data cybersecurity, and risk management.
  • Bank M&A: We represent our Clients to work and deal with commercial banks regarding making payments to avoid the difference between the banks’ systems.

How to proceed?

  • Sign and execute Non-Disclosure Agreement before accessing Clients’ information and documents;
  • Organize direct meetings with our team to clarify our Clients’ requirements, targets, and concerns;
  • Consider and set up a legal team with in-depth knowledge of the sector;
  • Create a comprehensive checklist of requested documents and information for the assessment and evaluation;
  • Use creative and pragmatic approach to the business operation and financial status of Clients;
  • Propose financial strategies, structures for reference, and legal advisory as requested by Clients;
  • Effectively communicate and respond in a timely manner to the inquiries of the Clients;
  • Provide a CRM account so our Clients can monitor the legal services and procedures.

Most Frequent Questions & Answers

Finding expert guidance in our FAQs section, which address common concerns and provide insights into corporate legal, accounting, and secretarial matters.

Registering a 100% foreign-owned company in Vietnam is possible. However, foreign investment is subject to regulatory limitations applied on each specific business sector.

In most cases, investors shall implement the following steps to establish a company:

Step 1: Obtaining an Investment Registration Certificate, abbreviated IRC (if any non-Vietnamese investors).

Step 2: Obtaining an Enterprise Registration Certificate, abbreviated ERC or BRC for Business Registration Certificate.

The company is established but the following steps are required for regulatory compliance:

Step 3: Post establishment procedures.

Step 4: Obtaining sub-licenses (if any).

IRC stands for Investment Registration Certificate which shall be obtained (in most cases) when a foreign investor wants to set up a project (such as establishing a company) in Vietnam at the beginning.

ERC stands for the Enterprise Registration Certificate which every company in Vietnam must have. In other jurisdiction it is sometimes referred to as the “Incorporation Certificate” or “Company Certificate”.

Joint Stock Company (“JSC“) and Limited Liability Company (“LLC“) are the most common types of company in Vietnam since they offer the following advantages:

  • Limitation in liabilities of their shareholders/ members/ proportionate to their capital contribution;
  • Flexible management structure;
  • Conversion from JSC to LLC and conversely is possible.

In general, there is no minimum capital required by law when registering a company in Vietnam. Only some conditional business sectors such as real estate trading, banking or education have specific capital requirements.

However, the capital shall be sufficient in light of the intended business sectors and scale of operation.

For non-conditional business sectors, we usually need from 6 to 8 weeks to setup a foreign-invested company and 1 week for a Vietnamese-invested one.

However, especially for foreign-owned companies, the time can be extended due to various reasons such as additional requirements from the licensing authorities.

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We welcome inquiries, consultation requests, and any legal concerns you may have. Please do not hesitate to contact us for reliable guidance and exceptional service.

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