One of the most popular businesses in Vietnam for foreigners is catering services – restaurants, cafes and bars. It’s not surprising given Vietnamese’s Law of Enterprises which let foreigners own 100% of capital contribution to such companies without any additional requirements.
How much does it cost to open a bar in Vietnam?
Also a bar or restaurant can be 100% foreign owned under the name of a company. Startup costs in total will depend on your equipment, rental and personal. Legal and para-legal costs can be anything from as little as USD 500.00, +, + ++++, depending on that, what you can make yourself, assets and location.
How do I open a bar in Vietnam?
In order to open a bar in Vietnam, it is required that you obtain, among other things, a fire safety certificate, a food safety license (if you plan to serve food or snacks to your customers) and a liquor trading license. Alcohol is a very sensitive issue in Vietnam and this might be the toughest part of the process.
Can you start a business in Vietnam as a foreigner?
Can foreigners start a business in Vietnam? Yes! You can start a business in Vietnam as a foreigner, through direct or indirect foreign investments. Direct foreign investment means you work together with a Vietnamese partner in a 100% foreign-owned company or a joint venture company.
Can I open a restaurant in Vietnam?
To open a new restaurant, you’ll need to obtain several local permits and licenses. The most important are certificate of free sale and the Foods safety license. You have a few days to join the class and pass the exam to get the license.
What is the best business in Vietnam?
1. Textile and Garment. Garment and textile items production is one of the most lucrative businesses in Vietnam. Foreigners or investors are likely to make a profitable gain out of this sector because it is considered one of the active sectors in its exported items.
What kind of business can I start in Vietnam?
Then, Vietnam National Law will introduce about top 10 business that smart investors can do in Vietnam.
- Furniture Making and Remodeling.
- Garment and Textile Products.
- Construction and building Materials.
- Detergents and cosmetics.
- Agricultural Products Processing.
- Real Estate.
- Restaurant and Bar.
Can a foreigner open a restaurant in Vietnam?
Foreigners may own businesses in Vietnam. … But most businesses can be 100% foreign-owned.
How do I open a cafe in Vietnam?
Obtain the Food Safety Certification
A copy of business registration certificate. A written request for food safety certification. Relevant health certificates (owner and employees who are in direct contact with food) Detailed descriptions of equipment, facilities and devices complying with the food safety requirements.
How much does it cost to open a coffee shop in Vietnam?
Each takeaway coffee shop has an area of 4 – 40 square meters, and costs between VND65 million ($2,800) and VND175 million ($7,540) to set up, said Vo Thi Ha Giang, Director of Communications at Trung Nguyen Group.
Can foreigners invest in Vietnam?
Foreign investors can invest in Vietnam in several ways, such as: Establishing a new enterprise. Acquiring or investing in an existing enterprise, companies. Setting up a branch or representative office or using contractual arrangements.
Can Expats buy land in Vietnam?
Foreigners are not allowed to own land. … In Vietnam, land is theoretically collectively owned by the people, but regulated by the State. Foreigners who are residents in Vietnam are permitted to purchase dwelling houses. They can own a house but not the land on which it is built.
How much money do you need to open a business in Vietnam?
Capital Requirements for Starting a Business in Vietnam
This means you must have enough capital to cover your expenses until the business becomes self-sufficient. We find most businesses open with around VND 230 million (US $10,000).
How do I start a food business in Vietnam?
Starting a New Restaurant Business in Vietnam
- Choose the right legal entity.
- Find a location for your business with a legit business address. Sign Memorandum of Understanding or Template Contract. Acquire Certificate of Land Right Use and house ownership.
- Apply for food and beverage licenses and related permits.