Question: I’m Jack. Do you help IT companies setup vietnam office? What would be the cost for that?
Answer:
We understand that you are seeking legal assistance on establishment of foreign invested company conducting IT services in Hanoi. Therefore, we are grateful to present our Legal Service Proposal for your review and consideration.
I. INVESTMENT REGISTRATION CERTIFICATE
According to Vietnam Law on Investment 2014, an investment in the form of the establishment of an economic organization will require a Foreign Investor to go through a two-step licensing process as follows:
- application for obtaining an Investment Registration Certificate (IRC) which is issued to the Foreign Investor itself rather than to the Foreign Invested Company (FIC); and
- registration for establishment of an enterprise by obtaining an Enterprise Registration Certificate (ERC) for the
II. SCOPE OF SERVICES
SBLAW is ready to provide package services as follows:
| SCOPE OF SERVICES |
| Pre-licensing procedure
1. Consulting: · Attending various meetings with client to explain and confirm the main principles for setting up the Company; · Preparing a list of legal documents required for the appraisal of the set-up company. Based on the information provided by client, we will review and incorporate these documents into the application file; 2. Drafting documents: · Drafting the Application Dossier for Investment Registration and Company Incorporation. · Drafting the Charter of the Company. |
| Licensing procedure
· Reviewing and assembling all required documents to be included in the application file for the Investment Registration and Company Incorporation; · Representing client to submit the application files for the Investment Registration and Company Incorporation; and · Acting as client's attorney to follow up with the competent authorities regarding the establishment of the company and obtaining the IRC and ERC. |
| Post-licensing procedure
· Making public-notice on company establishment; · Obtaining Seal Sample and Certificate of Seal Sample Registration. · Assisting Client on opening company bank account. |
Roadmap for carrying out above scope of work can be described in details as follows:
a. Preparing the application dossier: We shall collect necessary information and documents from Upon receipt of necessary information and documents from you, we shall translate documents from English into Vietnamese and prepare the application dossier under the standard forms. The initial drafted application dossier shall be sent to Client for your comments. Then, after updating the application dossier based- on your comments, we shall provide finalized application dossiers for execution. We anticipate that this phase shall be completed around 03 working days. The prepared documents shall then be sent to Client for review and execution.
b. Submission of application dossier: We shall submit application dossier within 02 working days from full receipt of duly signed and sealed dossier.
c. Licensing procedure: For obtaining IRC and ERC, it would take 25-30 working days from
d. Post-licensing procedure: Within 05 working days, we shall complete the post-licensing
III. PROFESSIONAL FEE
For setting-up foreign invested enterprise in field of IT services, our professional fee shall be: US$ 2,999 (U.S. Dollars Two thousand nine hundred and ninety-nine).
Note: This fee is exclusive of 10% VAT, translation works at rate 12USD/1A4-size page/300 words.
