What are the procedures for foreigners to buy capital contribution in a one-member limited liability company?

Question: The company I work for is printing and manufacturing, buying and selling stationery, with a charter capital of VND 2 billion with the form of a one-member limited liability company. Now there is a foreigner who wants to buy a 20% stake in my company. So my lawyer asked me what documents I have to prepare and how to carry out the procedure when a foreigner (US citizen) buys a capital contribution in my limited company?

The lawyer replied:

Hello, thank you for trusting and sending your question to request legal advice to the legal consulting department of DHP Law. The content of your question DHP Law would like to answer as follows:

1. Documents to be prepared to carry out the procedures for registration of capital contribution by foreign investors include:

03 (Three) copies of valid foreign investors’ passports that have been consular or notarized at the Justice Department in Vietnam.
01 (One) original bank statement of investor’s account balance (Minimum balance equal to contributed capital).

2. Procedures to be performed include:

Step 1: Foreign investors carry out procedures for registration of capital contribution to Vietnamese companies;
Step 2: Register to change the business registration content (change the type of company) of the Vietnamese company;

Here is our advice. If you still have questions, are unclear or need other legal support, please contact the online legal consulting department of DHP Law by phone: 0986.938.627 (Mr. Hung) for answers.

Looking forward to cooperation!

Best regards./.

Post Author: admin hong