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Starting small company in HCMC

Hi Audey,

Let's meet somewhere in District 1 so I may know exactly what you are looking for.

Best regards

Rudy Bui

melvyn lum wrote:

I would to set a cafe business in HCMC using a Vietnamese to register as 'business household' during the initial period and covert it to a 2 persons limited liability enterprise at a later stage and participate in this venture via the purchase of a proportion of the company shares. Would that be feasible and like to hear any legal perspectives anybody can offer

is there a reason why you would want to acquire a shareholding in the enterprise, later rather than sooner?

Hello Melvyn,
If you already have a partner with whom you want to do business, it's better to start right away as a limited company with 2 shareholders. You will have a better legal protection of your interest than using a temporary status via a business household since this is a completely separate legal entity in which you have no right at all.
If your partner proposes this, he/she is having probably other reasons....

Hi Simon,

I was told  that for a 2 members LLC, the local partner will holds 51% while the foreign partner will holds 49% of the shareholding capital. As I would be providing 100% of the capital investment, I hope you could offer your views on how to protect my business interest and investment of those under the local partner's name.

Hi pantermotor

I was told  that for a 2 members LLC, the local partner will holds 51% while the foreign partner will holds 49% of the shareholding capital. As I would be providing 100% of the capital investment, I hope you could offer your views on how to protect my business interest and investment of those under the local partner's name.

REPLY

Normally after Jan 2015 foreigners can have up to 100% ownership of restaurant/cafe business in VN according to WTO rules

Moderated by Bhavna 10 months ago
Reason : Please avoid posting your contact details on the forum.
We invite you to read the forum code of conduct
Moderated by Bhavna last week
Reason : Please do not advertise your own services on the forum. Register in the Ho Chi Minh City business directory. Thank you.
We invite you to read the forum code of conduct
Moderated by Bhavna last week
Reason : Please do not propose/promote your own services on the forum. Kindly register in the business directory. Thank you
We invite you to read the forum code of conduct

Hello everyone,

i am closing this thread. The initial post is from 2012 and the latest relevant post from 2015.

Note : Any kind of advertising, promotion/proposal of your own services is not allowed on the forum.

All the best,
Bhavna

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