Option 2: Establishment of the FIE
The Market Entry Report for the FIE establishment will cover the following topics and issues:
i) Regulatory and licensing
- The ability for foreign investors to conduct the proposed business activities in Vietnam;
- The requirements and procedures for the establishment of the FIE permitted to conduct the proposed business activities in Vietnam;
- An analysis of the permitted scope of activities of the FIE, including a summary of the applicable conditions and/or sub-licences (if any) required before the FIE commences operations;
- Recommendations to suggested corporate forms for the FIE and attendant management structures;
- A description of the licensing procedures, including preparing the required application dossier, associated timeline and statutory fees, and describing the relevant administrative bodies that would be involved in the licensing process; and
- An analysis of the other major regulatory issues that may affect the future operations of the FIE, labour issues (e.g. salary costs, social and health insurance contributions, unemployment insurance, trade union establishment and associated fees, etc.), accounting and auditing requirements, foreign currency control, and other compliance requirements.