Establish a foreign-invested trading company in Hanoi

Establish a foreign-invested trading company in Hanoi

There are differences in establishment procedure between a foreign-invested company in Hanoi and a domestic company in other places.

If a domestic company establishes a company, they only need to register to establish an enterprise, then the enterprise can go into operation, but for foreign-invested companies, commercial line is a condition business line that need to be implemented according to Decree 09/2018/ND-CP

Siglaw would like to introduce the process of establishing a foreign-invested company doing commercial business in Vietnam as follows:

Step 1. Apply for an Investment Registration Certificate

1. The procedure for the issuance of Investment Registration Certificate

• Regulatory agency: Department of Planning and Investment where the headquarter is located.

• Processing date: 15 working days from the date the investor submits a valid document.

2. Application for Investment Registration Certificate

Step 2. The procedure for establishing a company after the investor has been issued an Investment Registration Certificate

• Regulatory agency: Business registration office - Department of Planning and Investment

• Processing date: 5-7 working days

Step 3: Apply for a business license

• After the establishment of an enterprise, in case the enterprise has activities of sales of goods and activities directly related to  sale of goods according to Decree 09/2018/ND-CP.

• For some special goods or for retail distribution activities, enterprises need to implement procedures for the application of a business license at the Department of Industry and Trade.