Asadona is an enterprise providing business support services. It was founded in Dong Nai in 2010. Asadona specializes in consulting enterprises about business procedures and performing administrative work for businesses in Dong Nai – Binh Duong – HCM city – Vung Tau – Long An.

Services

Asadona has enough experience and personnel to provide the following services:

• Foreign investment consultancy, establishment of companies with foreign elements.
• Performing procedures for business registration and establishing an enterprise.
• Consulting and applying for sub-licenses, conditional licenses for businesses.
• Consulting and handling administrative issues in the operation of the business.
• Consulting about the management of accounting books and supporting the settlement of accounting – tax cases.

Criteria

Asadona only aims to serve 20% of the customers in its area. With the priority of customers’ benefits, Asadona would like customers to assign them with trust. Therefore, Asadona’s services will be directed to perfection: consult clients carefully, prepare all necessary documents, take care of everything, handle all arising costs, take responsibility for all costs until completing the assigned work.

Asadona’s criteria: “Orthodoxy – Integrity – Perfection”

Missions

Asadona can be considered an outsourced legal department of a business. Help businesses handle legal issues more easily. Learn and strictly comply with the law provisions on their production and business activities. More convenient when contacting and working with the authorities.

Visions

Asadona is on its way to becoming the most trusted business consulting firm for businesses in the Southeast region, and the number one provider of investment consulting services in the region when foreign businesses come to invest in Vietnam.

Activities

Asadona provides business support services from the beginning of its establishment, during its operations, to its conversion or merger and acquisition. With a team of 12 experienced legal experts, we help solve quickly problems between businesses and administrative agencies. In addition, Asadona’s network of affiliate partners also help to handle all legal issues of the business:

1. Foreign investment consultancy

Researching Vietnamese laws, forecasting the effects of laws, setting up investment projects, carrying out investment and business procedures with foreign traders. Searching for investment locations suitable for products and production and business activities of foreign investors.

2. Performing procedures for business registration and enterprise establishment.

Drafting dossiers on business registration, tax registration, seal registration, and labor registration.

3. Managing accounting books.

Consulting and managing accounting books, handling cases of tax arrears, tax and accounting errors.

4. Applying for sub-licenses.

Applying for an education license, a chemical trading license, a transport service license, an environmental license, food hygiene and safety, order and security, fire protection, etc.

5. Business procedures.’

Performing procedures for registration of trademark protection, quality standard registration, product announcement, bar code registration, social insurance registration, procedures for employment of foreign workers …

6. Business administrative services

Leasing offices, managing offices, drafting and arranging documents in business activities.

Asadona provides business support services from the beginning of its establishment, during its operations, to its conversion or merger and acquisition. With a team of 12 experienced legal experts, we help solve quickly problems between businesses and administrative agencies. In addition, Asadona’s network of affiliate partners also help to handle all legal issues of the business:

1. Foreign investment consultancy

Researching Vietnamese laws, forecasting the effects of laws, setting up investment projects, carrying out investment and business procedures with foreign traders. Searching for investment locations suitable for products and production and business activities of foreign investors.

2. Performing procedures for business registration and enterprise establishment.

Drafting dossiers on business registration, tax registration, seal registration, and labor registration.

3. Managing accounting books.

Consulting and managing accounting books, handling cases of tax arrears, tax and accounting errors.

4. Applying for sub-licenses.

Applying for an education license, a chemical trading license, a transport service license, an environmental license, food hygiene and safety, order and security, fire protection, etc.

5. Business procedures.’

Performing procedures for registration of trademark protection, quality standard registration, product announcement, bar code registration, social insurance registration, procedures for employment of foreign workers …

6. Business administrative services

Leasing offices, managing offices, drafting and arranging documents in business activities.

Experiences in investment consultancy

Asadona has a management team and experts with more than 10 years of experience in investment consultancy. Asadona is a bridge between businesses and investment management agencies, and other agencies in the field of industry and trade, customs, tax, construction to implement the investment advisory activities:

• Consulting foreign investors about the conditions to invest in Vietnam.
• Consulting about applying for Investment Registration Certificates.
• Consulting about establishing foreign enterprises.
• Applying for permission for foreign businesses to operate branches and representative offices in Vietnam.
• Providing consultancy on adjusting Investment Certificate.
• Identifying and selecting partners and investment locations. Reporting on partner business investigation.
• Consulting about making a research on pre-feasibility and feasibility.
• Consulting about evaluating environmental effects.
• Drafting, completing dossiers and relevant documents, registering and completing procedures at the competent authorities for approval and necessary licenses such as investment license, construction permit, permit special import, etc.
• Consulting about mobilizing investment capital, use of labor, organizing and managing accounting and tax system, import and export procedures. Consulting on technology transfer and equipment procurement when the business comes into operation.
• Consulting about investing abroad.
• Providing consultancy on managing investment capital.

Proposal of issuance Investment Certificate

Asadona advises and on behalf of the client to contact the relevant authorities, implementing fully comply with  the legal procedures, laws in the establishment of the investment project.

Business Registration

Note:

Total cost of the dossier is 2.750 USD excluding 10% VAT.

The first payment is  60% when signing the contract. The second payment is  40% when receiving the investment certificate.

Number of days is understood as “working day”

Customers provide completion of related documentsand ensure the legality of the documents provided.Provide information to support Asadona in preparing documents: project scale, address, expected revenue, profit, number of employees …..

Asadona consulting and on behalf of the customer to contact with Administrative agencies, performing enough and strict legal procedures in the establishment of the investment project.

Step 1: Proposal of issuance Investment Certificate

Step 2: Business Registration

Note:

The total cost  is 3.000 USD not included 10% VAT.

The customer pay  60% immediately after signing the contract. And pay 40% after received the investment certificate.

Number of days is understand as “working day”

Customers provide enough documents and ensure the legality of the documents provided. Support information to  Asadona in compose records (include: The company name, project scale, labors, ….)

In case of investing by contributing capital, buying shares or buying capital contribution.

In case a foreign enterprise adjusts the information related to foreign investors who invest in the enterprise by contributing capital, buying shares or buying capital contributions, the procedures for adjustment of the Certificate of Investment Registration include the following steps:

• Step 1: Investors submit the dossier to the registry office where the head-office of the enterprise locates to perform the procedures for capital contribution, shares purchase or capital contributions purchase.
• Step 2: Investors submit the dossier to the business registry office to perform the procedures for record of investor’s information on the Certificate of Business Registration. If the enterprise has not separated the Certificate of Investment Registration and the Certificate of Business Registration, this requirement shall be performed at the same time. The number of the Certificate of Business Registration is also the tax registration number of the enterprise.
• Step 3: Performing the procedures for adjustment of the Certificate of Investment Registration to update the information of new investors and the investment project.
• Step 4: In case the enterprise supplement business lines or any other information on the Certificate of Business Registration, the procedures for adjustment of the Certificate of Business Registration must be performed at the business registry office as well.
• Step 5: Publishing the enterprise’s information on the National Business Registration Portal.
• Step 6: Re-issuing the seal sample of the enterprise which matches the information on the Certificate of Business Registration (for example: the new tax registration number) as recorded by domestic enterprises.
• Step 7: Publishing the seal sample of the enterprise.
• Step 8: Applying for a business registration license: applies only to businesses that add business lines that exercise the right to distribute goods.

Notice:

The enterprises that have not performed the procedures for splitting the enterprise registration certificate must separate the investment certificate into an investment registration certificate and enterprise registration certificate and re-issue a new seal, publish the seal sample as prescribed.

Procedures incurred after adjusting the Investment Certificate.

After adjusting the Certificate of Investment Registration, the enterprise shall follow some regulations mentioned below to avoid legal troubles:

• If the enterprise admitted new capital contributors, they must contribute capital to the capital account of the enterprise and capital contribution duration must be complied with the promised duration as recorded in the Certificate of Investment Registration.

If an investor fails to contribute capital as committed in the investment registration certificate, the enterprise must follow the procedure for capital contribution extension and be fined in accordance with law.

• The enterprise should pay attention to the procedures for report duties and report forms complied with the regulations on investment report duties of the enterprise (which are often regulated in Article 3 of the Certificate of Investment Registration).
• If the enterprise supplement new business lines which are subject to business conditions prescribed by the law, the enterprise should ensure to comply with these regulations.

Adjustment of the certificate of investment registration services at Asadona:

Asadona will consult clients about conditions, dossiers and the procedures for adjustment of the Certificate of Investment Registration, including:

• Drafting and preparing dossiers for clients with information provided by clients.
• Representing clients when performing the procedures for adjustment of the Certificate of Investment Registration at the state-authorized bodies.
• Supervising the handling process of the state-authorized bodies, explaining to the state-authorized bodies about any problems relevant to the dossier.
• Providing enterprise guidelines for legal procedures incurred after the adjustment.
• Consulting about issuance or adjustment of the sub-licenses after adjusting the Certificate of Investment Registration.
• Consulting and making changes to business registration certificates and adjusting investment certificates.
• Supporting clients to deal with any legal problems incurred during the business practices of the enterprise in Vietnam.
• Consulting about tax law, tax procedures and accounting for foreign enterprises.

The legal basis for adjusting investment objectives.

These procedures are implemented in accordance with the Law on Investment 2014, effective from 01/07/2015. Decree 118/2015 (providing detailed guides on the Investment Law), Circular 16/2015 / TT-BKHDT and Official Letter 4326 / BKHDT-DTNN (providing guidelines on procedures and forms for implementing investment activities under the 2014 Investment Law). Therefore, investors who follow procedures for adjusting Investment Certificate with the investment registration agency should refer.

Needs to adjust investment projects.

Foreign enterprises operating in Vietnam will have some changes in investment plans when they are growing. These changes have to be registered by adjusting investment certificates.

The changes include:

• Change of information, the representative, address and passport information of the investor.
• Change of the address of the enterprise’s headquarter.
• Change of the content of the project.
• Change of investment project name.
• Change of the objectives of the project: adding production targets. Adding import and export rights; and rights to distribute goods.
• Change of the scale of the project.
• Changing and adding the location of the project. Increasing and decreasing the acre of the project.
• Increasing capital, reducing the total investment capital of the project.
• Increasing capital, reducing contributed capital for project implementation.
• Extending the progress of capital contribution.
• Stretching the project implementation schedule.

A dossier for adjusting investment certificates

A dossier for carrying out procedures for adjusting investment registration certificates in cases where investment policy decisions are not required includes:

• A written request for adjustment of the Certificate of Investment Registration.
• A report on project execution up to the date of requirement for project adjustment.
• A decision of investors on investment project adjustment.
• If investor is an individual: a copy of ID card or passport. If investor is an organization: a copy of the Certificate of establishment or equivalent paper which can certify the legal status.
• For the legal representative of the business: a copy of passport, temporary residence card or certificate of temporary residence.
• Investment proposal, which specifies investor(s) in the project, investment objectives, investment scale, investment capital, method of capital rising, location and duration of investment, labor demand, request for investment incentives, assessment of socio-economic effects of the project.
• Copies of any of the following documents:
• Financial statement of the last two years of the investor.
• Financial support commitment of the parent company.
• Financial support commitment of a financial institution.
• Guarantee for investor’s financial capacity.
• Description of investor’s financial capacity.
• In case of changing the head office, the related documents have to be provided: Office lease agreement, a notarized copy of proof of lessor’s right (certificates of land use rights, construction permit, a business registration certificate with the function of the lessor’s real estate business or an equivalent document).
• In case of changing the investment capital: a bank confirmation for capital account proving that the company has contributed sufficient capital (If the financial statements do not indicate that the company has fully contributed capital), Bank confirmation or documents proving the additional capital contribution.
• In case of changing the legal representative: Notarized passport, confirmation of residence / notarized temporary residence card of the new legal representative.
• In case of changing investor’s information, the investor’s representative: a notarized copy of the new business registration certificate, new passport or documents showing new information / proving the change of information.

Procedures for adjustment of the Certificate of Investment

According to the Law on Investment, Decree No. 118/2015 (providing detailed guidelines for the Law on Investment), Circular No. 16/2015/TT-BKHĐT (regulations on application forms for investment procedures and reporting forms on investment in Vietnam), the procedures for adjustment of the Certificate of Investment Registration in Vietnam include the following steps:

• Step 1: Performing the procedures for adjustment and issuance of the Certificate of Investment Registration (for the old investment projects) according to the Law on Investment.
• Step 2: Changing the related content on the certificate of enterprise registration.
• Step 3: Publishing the enterprise’s information on the National Business Registration Portal.
• Step 4: Adjusting or granting a new business registration license: Applies only to businesses that add business lines that exercise the right to distribute goods.

Notice:

• The enterprises that have not completed the procedures for splitting the investment certificate into the certificate of enterprise registration must separate the investment certificate, re-issue the legal seal, and publish the seal sample of the enterprise.
• The enterprises whose names are changed must have the company seal engraved and published on the National Business Registration Portal.

After the US – China trade war and the Coronavirus pandemic. Many companies had a tendency to withdraw from China and move their factories to Vietnam. When a foreign enterprise wants to invest in Vietnam, investment plans need to be made and investment certificates must be obtained at the Project Management Board or at Provincial People’s Committee where the factories are located.

Investment certificates are prescribed by Investment Law; and considered a compulsory condition for a foreign enterprise to do business in Vietnam. Those who want to invest in Vietnam but have little knowledge of Vietnamese regulatory environment really need an investment consulting service to be assisted during the whole process.

Consulting services for investing into Vietnam

A consulting service for making investment certificates will provide enterprises with the services as the following:

1. Consulting about form of investment: providing the information about the regulatory environment and comparing benefits to choose the form of investment.
2. Consulting about investment industry: consulting about applying for industries which are suitable for investment targets and meeting legal requirements.
3. Consulting about capital: investment capital needs to be transferred to Vietnam; and it is also an important factor for the regulatory authority to approve investment plans. Therefore, everything must be taken into consideration to be suitable for investors’ abilities investment industry, and investment targets.
4. Giving advice on company members: consulting about benefits as well as obligations of members in the company. And some issues regarding appointing or changing members of the company in the future.
5. Giving advice on legal constraints of the investment environment: consulting investors about: work permit, property ownership, personal income tax, and remitting profits back home.

Application file for registration of investment certificate

1. A proposal to issue investment certificates.
2. Investor’s finance ability report.
3. A joint-venture contract with respect to the form of investment in establishment of a joint venture enterprise with domestic investors.
4. Written consent of the competent authority in case of using state capital for investment. Joint venture or economic links with other economic sectors.
5. Authenticated documents identifying investors; Including authenticated copy of passport for individual investor. Or authenticated copy of business registration certificate for institutional investors.

Steps to register for an Investment Certificate

1. Considering the legality of papers and documents provided by the investor. Giving advice as well as proposing the necessary changes to revise the Documents in accordance with the provisions of Vietnamese law.
2. Translating the documents provided in the file into Vietnamese.
3. Preparing application file for the investment certificate.
4. Representing investors to submit the dossier to the State management agency.
5. Representing investors to contact the competent authorities during application evaluation.
6. Representing investors to contact the competent authorities to verify licensing documents. Providing professional opinion on investment projects.
7. Notifying investors all information related to the application evaluation process.
8. Supporting investors in modifying and supplementing documents at the request of the case managers (if any).
9. Receiving the Investment Certificate from the competent authority and send it to the investor.
10. Registering corporate seal for the company and tax for investors.

Service of making Investment Certificate in Vietnam

Asadona advises and assists investors in carrying out the procedures for obtaining Investment Certificates. From renting, renting factories, to fulfilling business conditions and going into operation.

Services for obtaining investment certificates

• Consulting about conditions for foreign investors to be allowed to invest in Vietnam.
• Consulting about applying for an investment registration certificate.
• Providing consultancy on establishment of foreign enterprises.
• Applying for permission to operate branches and representative offices for foreign businesses in Vietnam.
• Providing consultancy on adjusting Investment Certificate.

Services on investment conditions

• Identifying, selecting partners and investment locations, reporting on partner business investigation.
• Consulting about preparation of pre-feasibility and feasibility studies.
• Consulting about environmental impact assessment.
• Drafting, completing records and related documents. Registering and making procedures at the competent authorities for approval and necessary licenses, such as investment license, construction permit, special import permit, etc.
• Consulting about raising investment capital, use of employment. Consulting about organization and management of accounting and tax system. Consulting about Consulting import and export procedures. Consulting about technology transfer and equipment procurement when the business comes into operation.

Asadona has 10 years of experience in carrying out procedures to apply for an Investment License for enterprises in Dong Nai, Binh Duong and Ho Chi Minh City, Vung Tau, Long An. We assist customers in preparing documents, submit application on behalf of clients and receive results at regulatory agencies, support customers when problems arise during operation. Please contact us for advice and a quote for performing the work.