Foreign capital company

Popular foreign capital company:

1. Company with 100% foreign capital: A company in which foreign investors own the entire charter capital and manage its operations. This type of company is usually established for the purpose of engaging in business fields such as manufacturing, services, commerce, real estate, etc.
2. Joint venture company: A company in which foreign investors and domestic investors jointly own charter capital and manage operations. This type of company is usually established for the purpose of investment cooperation and development of common business fields between the two parties, with the desire to take advantage of the advantages of capital, experience, interests and relationships of both parties. two sides to achieve the highest economic benefit.

The process of setting up a foreign-owned company:

1. Market planning and research: You should learn about the local market, competition, and legal regulations involved in starting a company.
2. Business registration: You need to register your business at the business registration office or the department of planning and investment.
3. Carrying out tax procedures: You need to register for tax at the local tax office.
4. Carrying out labor procedures: You need to register your labor at the local labor management agency.
5. Search and rent an office: You need to find an office to work in.
6. Do the banking: You need to open a bank account and link the company bank account with yours or investors’ accounts.
7. Carry out commercial procedures: You need to carry out procedures for importing and exporting goods, if any.
8. Carrying out other procedures: You need to carry out other procedures related to the company’s activities