Setting up a company in Vietnam

How to set up a Semiconductor Chip Factory In Vietnam

Vietnam will launch a robust incentive framework to attract foreign investment in high-tech industries, particularly in the semiconductor and electronics sectors. This framework, backed by central and local government budgets, will include preferential land policies, and streamlined administrative procedures, with a focus on companies with advanced technologies and strong research and development capabilities.

To establish a semiconductor chip manufacturing plant in Vietnam, foreign investors must apply for Investment and Enterprise Registration certificates. The first step in the investment registration process involves securing a location for the project. Foreign investors have the option to lease land from the government, either through a one-time payment or on an annual basis. Alternatively, they can lease an existing manufacturing facility from another enterprise in accordance with Vietnamese law.

I) Obtaining the Application for an Investment Registration Certificate in Vietnam

To apply for an Investment Registration Certificate, investors must prepare the following documents/information:

1. Investor's Legal Status:

- Passport (for individual investors).

- Business registration certificate (for enterprises)

2. Financial Capacity:

At least one of the following documents:

- Financial statements for the last two years

- Commitment of financial support from a parent company

- Commitment of financial support from a financial institution

- Guarantee for the investor's financial capacity

- Other documents proving the investor's financial capacity

3. Investment Project Proposal:

If required by construction law, a pre-feasibility study report can be submitted instead of an investment project proposal.

- Investor or method of investor selection

- Investment objectives

- Investment scale

- Investment capital and plan for raising capital

- Location, duration, and schedule of the investment project

- Information about the current land use at the project location and proposed land use demand (if any)

- Labor demand

- Proposal for investment incentives

- Impact and socio-economic efficiency of the project

- Preliminary environmental impact assessment (if any) in accordance with environmental protection laws

4. Land Use Rights (if applicable):

If the project does not require the State to allocate or lease land or permit land repurposing, a copy of the document regarding land use rights or other document identifying the right to use the location for the investment project must be submitted.

II. Obtaining an Enterprise Registration Certificate in Vietnam

After the Investment Registration Certificate is issued, investors must proceed with registering their enterprise. Below are the procedures and required documents for two common company types:

1. Limited Liability Company

To register a limited liability company in Vietnam, the following documents are required:

- Enterprise Registration Application Form

- Company Charter: Original copy

- List of Members: Original copy

- Copies of:

+ Identification Documents: Legal documents of individual members (e.g., passport, national ID) and legal representatives.

+ Organizational Documents: Legal documents of organizational members, including documents authorizing representatives and their identification documents. Legalized copies are required for foreign organizations.

+ Investment Registration Certificate: Copy of the certificate issued to the foreign investor.

2. Joint Stock Company

To register a joint stock company, prepare the following documents:

- Enterprise Registration Application Form: 

- Company Charter: Original copy

- List of Founding Shareholders: Original copy

- List of Foreign Shareholders: Original copy

- Copies of:

+ Identification Documents: Legal documents of founding shareholders and foreign shareholders who are individuals, including legal representatives.

+ Organizational Documents: Legal documents of organizational shareholders, authorization documents for representatives, and their identification documents. Legalized copies are required for foreign organizations.

+ Investment Registration Certificate: Copy of the certificate issued to the foreign investor.

 

The information contained in this article is general and intended only to provide information on legal regulations. DB Legal will not be responsible for any use or application of this information for any business purpose. For in-depth advice on specific cases, please contact us.

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