Service of establishing foreign invested enterprises in Da Nang, 23,000,000 VND – from 20 days. fdiinvietnam.com will prepare and submit documents for you. Free consultation and handover.
As a city with great potential for economic development, Da Nang is not only a place for domestic investors to start a business but also attracts many foreign individuals and organizations to establish companies. Therefore, Da Nang is always in the top cities in the Central region of Vietnam in attracting foreign direct investment (FDI).
According to statistics from the Department of Planning and Investment of Da Nang province, as of September 2022, Da Nang has 944 foreign direct investment (FDI) projects with a total registered capital of 4.062 billion USD.
➞ To make the establishment of a foreign company in Da Nang quick and convenient, you can refer to the service of establishing a foreign-invested enterprise in Da Nang of fdiinvietnam.com.
Foreign-invested enterprise establishment service in Da Nang by fdiinvietnam.com
Currently, fdiinvietnam.com provides services for establishing foreign invested companies (FDI enterprises) in Da Nang with the following 2 forms:
- Service of establishing foreign-invested companies in the form of transfer (establishing companies with Vietnamese capital and then transferring to foreigners);
- Service of establishing a foreign-invested company in the form of direct investment with 100% foreign capital (apply for investment certificate and then register to establish a foreign-invested enterprise).
➞ Details of each service you can refer to below:
1. Service of establishing foreign-invested companies in the form of transfer in Da Nang
➧ Cost and time to complete service at fdiinvietnam.com
The cost of company establishment service is: 23,000,000 VND.
Completion time: 20 – 25 working days.
Specifically, the time to complete the process of opening a foreign company with Vietnamese capital and then transferring it at fdiinvietnam.com is as follows:
- Carrying out procedures for registering to establish a 100% Vietnamese-owned enterprise: 5 working days;
- Transfer of capital from Vietnamese shareholders to foreign shareholders: 15 – 20 working days.
➧ Information customers need to provide
The profile for establishing a foreign-invested company in Da Nang with the form of transfer is quite complicated. However, choosing the service at fdiinvietnam.com, you only need to provide the following basic information:
| Information provided | Quantity |
| Information on proposed establishment of foreign-invested company: name, address, type, business lines, charter capital… | – |
| Notarized photocopies of legal documents: passport/citizen ID card/ID card of Vietnamese people to establish a 100% Vietnamese-owned company and capital contributing members | 2 copies |
| Notarized copy of foreign investor’s passport to complete procedures for transferring Vietnamese shareholders’ capital to foreign shareholders (in case of individual investment) | 3 copies |
| Notarized photocopy of consular legalized business registration certificate (in case the investor is an organization) | 2 copies |
➧ The jobs fdiinvietnam.com will do for you
When using the service of establishing a foreign-invested company in Da Nang in the form of transfer, fdiinvietnam.com will complete the following tasks for you:
- Drafting business registration documents from the information you provide;
- Present documents for you to sign in person;
- Your representative submits the application at the Business Registration Office of Da Nang province (*);
- Monitor and work with the Business Registration Office throughout the procedure;
- Receive and deliver licenses and legal round seals to your location.
(*) Address of Business Registration Office under the Department of Planning and Investment of Da Nang: 6th floor, City Administration Center building, No. 24 Tran Phu, Thach Thang ward, Hai Chau district, Da Nang city.
At the same time, fdiinvietnam.com will be 100% free:
- Pre-establishment legal advice: choosing a good and correct name, choosing the appropriate type of establishment and business line, registering a reasonable charter capital level…;
- Legal, tax and accounting advice during the company’s business operations;
- Notarization of documents (if any);
- Free delivery of results to your door.
Contact fdiinvietnam.com immediately at hotline 0903 003 779 (Central region) for free consultation and service use.
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2. Company establishment service in Da Nang in the form of 100% foreign direct investment
➧ Cost and time to complete service at fdiinvietnam.com:
Total cost of foreign-invested enterprise establishment service in Da Nang is: 25,000,000 VND.
Completion time: 40 – 45 working days.
Details on the time to complete the process of establishing a company with 100% foreign direct investment capital at fdiinvietnam.com are as follows:
- Apply for investment registration certificate: 35 – 40 working days;
- Apply for certificate of establishment of foreign invested company: 5 working days.
➧ Information customers need to provide:
The procedures and documents for establishing a 100% foreign-owned company are very complicated. If you do it yourself, you will encounter many difficulties. However, when using the services of fdiinvietnam.com, you need to provide fdiinvietnam.com with the following documents:
– Information about the proposed establishment of a foreign-invested company: name, address, type, business lines, charter capital, etc.;
– Contract for leasing the head office location, documents proving the lessor’s right to lease or documents proving the right to use in accordance with the law;
– In case the investor is an organization:
- Company charter;
- Business registration certificate;
- Financial statements of the last 2 years of foreign investors;
- Notarized passport of legal representative;
- Documents proving the experience and financial capacity of foreign investors;
– In case the investor is an individual:
- Certified copy of foreign investor’s passport;
- Legal copy of bank account balance corresponding to the expected investment capital;
- Notarized copy of passport/CCCD/ID card of Vietnamese (if there are Vietnamese capital contributors).
Note:
All foreign language documents must be consular legalized and translated into Vietnamese (with certification). In addition, investors must provide a power of attorney for fdiinvietnam.com so that fdiinvietnam.com can represent the investor in submitting the application.
Reference:
>> Procedures for granting investment certificates to foreign investors.
>> How to establish a foreign-invested company.
>> Setting up a business in Vietnam.
➧ The jobs fdiinvietnam.com will do for you:
- Prepare 2 complete sets of documents to apply for investment certificate and certificate of registration for establishment of foreign-invested company;
- Present documents for you to sign in person;
- Your representative submits the application at the Business Registration Office of Da Nang province;
- Monitor and work with the Business Registration Office throughout the procedure;
- Receive and deliver licenses and legal round seals;
- Get advice on legal procedures before, during and after establishment.
How to open a foreign invested enterprise in Da Nang?
Most foreign investors do not clearly understand the nature of 100% foreign direct investment and transfer, so they do not know which form of establishment to choose.
Therefore, to make it easier for foreign investors to choose, fdiinvietnam.com points out the advantages and disadvantages of the above two forms. At the same time, fdiinvietnam.com will suggest which cases should open an FDI enterprise in the form of direct investment, and which cases should open an FDI company in the form of transfer.
➧ For 100% foreign direct investment
– Advantage:
- Granted investment certificate;
- Large investment capital, little fluctuation;
- Is a form of sustainable, long-term investment;
- No need to go through Vietnamese individuals/organizations;
- Have full authority in managing and operating the company’s business activities.
– Disadvantages:
- Bank statement required;
- Restrictions on investment sectors;
- Complicated company establishment procedures and documents;
- Must prove foreign investment capital;
- High cost and time consuming for investors.
Note:
However, you need to note to help fdiinvietnam.com, regardless of the advantages and disadvantages of this form, if foreign investors intend to implement large projects, projects related to the state or use legal status in Vietnam to invest abroad, it is mandatory to establish a company in the form of direct investment.
Because, with the form of direct investment, the enterprise will be granted an investment registration certificate by the Department of Planning and Investment (a prerequisite for the foreign investor’s project to operate).
➧ For transfer form
– Advantage:
- Low cost;
- Simple profile;
- Fast capital contribution procedures;
- No financial proof required;
- No need to apply for investment certificate.
– Disadvantages:
- There must be a Vietnamese person to establish the company;
- Personal income tax liability arises, specifically, 0.1% personal income tax must be declared and paid.
Establishing a foreign-invested company through transfer is generally simple, suitable for basic industries and small and medium-sized investment projects.
Therefore, if foreign investors are not required to establish a company directly, they can choose the transfer method to save costs, time and other financial obligations.
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To make things easier and simpler, you can refer to the foreign capital company establishment service in Da Nang of fdiinvietnam.com.
Depending on each case, fdiinvietnam.com will advise and help you choose the appropriate form of investment. Contact fdiinvietnam.com Central via hotline 0903 003 779 for support, free answers to questions and use of services.
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Notes when establishing a foreign invested enterprise in Da Nang
Similar to establishing a 100% Vietnamese-owned company, when establishing a foreign-owned company in Da Nang, you also need to note the following 8 things:
1. Registered investment and business lines
Investors should register to invest and do business in industries that Vietnam has clearly committed to in bilateral and multilateral international treaties to avoid being rejected by the investment registration agency when applying for an investment license.
After establishment, investors who want to do business in a registered conditional industry must apply for a license from the Department of Industry and Trade to be allowed to do business in that industry.
2. Investors
Foreign investors investing in establishing foreign-owned companies in Da Nang can be individuals or organizations. However, there are also some industries that require the investor to be an individual or an organization. In addition, the requirements for the investor are also determined based on Vietnam’s commitment to open the market and legal regulations.
3. Investment capital, charter capital
The law does not require a minimum capital to establish a foreign-invested company in Vietnam in general and Da Nang in particular, except for certain fields and industries with certain conditions such as real estate, tourism, education, etc. Therefore, depending on the scale, development needs and investment fields, investors register an appropriate capital level.
After establishing a foreign-invested company in Da Nang, investors must contribute capital within the time limit registered on the investment certificate and company charter. The capital contribution period is within 90 days from the date of issuance of the business registration certificate (for joint stock companies and limited liability companies). Note:
The company must open a capital account, investors will deposit money into the company’s capital account corresponding to their contributed capital.
4. Investment location and company establishment
Headquarters and business locations are one of the important factors when establishing a company. Therefore, foreign investors when establishing a foreign-owned company in Da Nang should choose company locations that ensure the following factors:
- Have a clear and specific address such as: house number, ward, district, Da Nang city;
- The location/office for rent is permitted for rent, designed and constructed in accordance with Vietnamese law and is not in dispute;
- The lessor has full documents proving ownership and/or the right to lease or sublease, if any;
- Office for lease in an area designed and built to serve office functions on the basis of a construction permit granted by a competent state agency of Vietnam.
5. Legal representative
The legal representative of a foreign-invested company in Da Nang is an individual.
Joint stock companies and LLCs may have one or more legal representatives. The company must always ensure that there is at least one legal representative residing in Vietnam.
In case the company has only one legal representative, that person must reside in Vietnam and must authorize in writing another person to exercise the rights and obligations of the legal representative when leaving Vietnam.
6. Use of labor
Regarding the use of labor, the company can hire Vietnamese or foreign workers. However, for foreign workers, the company must carry out procedures in accordance with the provisions of law such as: procedures for approval to use foreign workers, work permits, temporary residence cards, visa application procedures.
Reference:
>> Work permit service for foreigners;
>> Visa and temporary residence card services for foreigners, 2,000,000 VND;
>> Passport service.
7. Use of company seal
Foreign-invested companies have the right to decide on the form, content and number of company seals.
When there is a change, cancellation of the seal sample or change in the number of seals, the company does not need to notify the Business Registration Authority (according to the Enterprise Law 2020).
8. Tax obligations
Paying taxes is one of the basic mandatory obligations for any company with Vietnamese or foreign capital. Accordingly, foreign-invested companies in Da Nang must pay the following taxes: business license tax, corporate income tax (PIT), value added tax (VAT). In addition, depending on the industry and business sector, the company must pay other taxes such as: resource tax, import-export tax, special consumption tax, etc.
>> Reference: Taxes payable after company establishment.
Frequently asked questions when establishing a foreign invested company in Da Nang
1. How many ways are there to establish a foreign-invested company in Da Nang?
There are 2 ways to open a foreign-invested company in Da Nang:
- Establish a company with Vietnamese capital and then transfer it;
- Establishing a company with foreign capital directly from the beginning (establishing a company with 100% foreign investment capital).
2. How much does it cost to establish a foreign-invested company in Da Nang by transfer?
The total cost of the service of establishing a foreign company in Da Nang with Vietnamese capital and then transferring it is: 23,000,000 VND . This cost includes state fees. With this cost, you will receive a new business registration certificate and a company seal.
You can contact hotline 033 9962 333 (Central) for free consultation support.
3. How much does it cost to set up a 100% foreign-owned company in Da Nang at fdiinvietnam.com?
The cost of establishing a direct company with 100% foreign investment capital in Da Nang by fdiinvietnam.com is 25,000,000 VND (the cost also includes state fees).
Contact hotline 033 9962 333 (Central) for free consultation and service support.
4. What are the results when using the service of establishing a 100% foreign-owned company?
You will receive:
- Certificate of investment registration in Da Nang;
- Certificate of establishment of foreign company in Da Nang;
- Company seal.
5. In what cases are foreign investors required to make direct investments?
If the investor falls into one of the two cases below, he/she must choose the form of direct investment when establishing a company with foreign investment capital:
- Implement major projects/state-related projects;
- Want to have legal status in Vietnam for foreign investment.
6. What taxes do foreign-invested enterprises have to pay?
Just like Vietnamese enterprises, foreign-invested companies/enterprises also have to pay some basic taxes as follows: business license tax, value added tax (VAT), corporate income tax.
In addition, depending on the industry and business sector, the company must pay other taxes such as: import-export tax, resource tax, import-export tax, special consumption tax, etc.
Call us at 0978 578 866 (North) – 033 9962 333 (Central) – 033 9962 333 (South) for support.