What are the conditions for foreign investors to contribute capital to a hotel business company? What is the procedure to prepare? It is a matter of concern to entrepreneurs. If you are also wondering about foreign investors contribute capital to hotel companies, let’s find out in detail through the following article of LSX Law firm.
Legal grounds
Enterprise Law 2020
Investment Law 2020
Conditions for foreign investors contribute capital to hotel company
Foreign investors contributing capital to a hotel business company in Vietnam must meet the following basic conditions and requirements
– Foreign investors need to prove their ability to contribute capital by providing bank account verification documents, savings assets or financial statements and must commit to contribute enough capital within the specified time.
In order to contribute capital to a Vietnamese hotel company, a foreign investor must make a capital contribution to purchase, sell, or transfer capital contributions or shares in a hotel business in Viet Nam.
– Because the hotel business is not restricted on the minimum; or maximum investment capital ratio. Therefore, foreign investors can contribute capital to a hotel business in Vietnam with the capital ratio from 1% to 100%.
– Foreign investors must be valid citizens of WTO countries, have papers proving their personal and legal status, and have consular verification.
– Because the hotel industry is a conditional business, therefore, when foreign investors contribute capital to a hotel business company, they must register for capital contribution with the competent investment management agency. Only when competent agency approve; investors can carry out contribute capital.
In particular, foreign investors should pay attention to the hotel company in which they will contribute capital. The company must have a valid business registration; or establishment license and has a business registration for a business related to the hotel business and meets all the conditions for the hotel business according to the regulations. regulation. In case there is not; an application for a business registration license must be made; before receiving investment capital.
Procedures for foreign investor contributes capital to hotel company
When a foreign investor contributes capital to a hotel business, it is necessary to fully prepare the following procedures:
Procedures for registration of capital contribution
Including the following documents:
– Certificate of registration of capital contribution, share purchase or capital contribution of a hotel business company in Vietnam. The content should fully state the percentage of capital to be contributed the shares to be purchased; or the amount of contributed capital that you want to own; and specific information about the registered hotel business in Vietnam.
– Passport, identity card, citizen identification card of the investor, a copy and need consular verification. Or a copy of the enterprise registration certificate, the decision on capital contribution or share purchase of the organization.
Besides, dossier of registration of capital contribution and share purchase of foreign businessmen submitted to the Department of Planning and Investment. If the dossier is complete and valid the competent agency will grant a capital contribution license for investors after about 15 days.
Procedures for transferring contributed capital, shares, and contributed capital
– After the Department of Planning and Investment agree to the capital contribution, Foreign investors and Vietnamese hotel businesses need to carry out procedures for capital contribution, share transfer, purchase; and sale of contributed capital accordingly the ratio registered with the competent management agency.
– Foreign investors and Vietnamese hotel business owners sign contracts according to regulations.
Procedures for changing members, shareholders and type of company
– Firstly, Vietnamese market research enterprise needs to carry out procedures to change the number of shareholders; and members of the company along with the percentage of capital; and share ownership to match the specific situation of the company.
– In addition, when a foreign investor contributes capital to a Vietnamese market research company, which changes the form of the company (for example, turning a one-member limited liability company into a limited liability company), Vietnamese enterprises need to carry out procedures to change the type of company.
See more: Regulations on limiting capital contribution ratio of foreign investors
Service of establishing a foreign-invested company in Vietnam
If you have any questions about foreign investors contributing capital to a hotel business, please contact LSX Law Firm we are always ready to support our customers: 0833102102
Related questions
Foreign investment means that organizations and individuals of one country bring capital in different forms into another country to conduct business activities for profit; Foreign investment is made in the form of direct investment or indirect investment.
Hotel business is understood that trading on the basis of providing accommodation services, catering; and additional services to satisfy the needs of customers in order to carry on business and profits
Conclusion: So the above is Foreign investors contribute capital to hotel company in Viet Nam. Hopefully with this article can help you in life, please always follow and read our good articles on the website: lsxlawfirm.com
