1. Who are Japanese Investors in Da Nang?

Japanese investors in Da Nang are understood to be  individuals with Japanese nationality who have been or will invest in the city through various forms of investment according to legal regulations.

2. Why does Japanese Investors choose Da Nang city?

Many encouraging and promoting policies of the Da Nang city Government for Japanese investors. In Danang, the people are friendly; high labor demand; rapid economic development, especially in the service, tourism, light industry...These are favorable conditions that attract the attention of Japanese investors when choosing Da Nang as an investment destination in Vietnam.

3. How do Japanese Investors in Da Nang do the business?

Vietnamese law stipulates that foreign investors in general and Japanese investors in particular may invest in Vietnam through the following forms:

• Establishing economic organizations (opening a company);
• Capital contribution, buying shares, buying capital contributions in companies in Vietnam;
• Implement investment projects;
• Investment in the form of BCC contract (Business cooperation contract);
• New forms of investment and types of economic organizations according to regulations of the Government of Vietnam;

Currently, the form most chosen by Japanese investors are: Investment in establishing economic organizations; Investing in capital contribution, buying shares, purchasing capital contributions; and Investment in the form of BCC contract.

Clients may refer to the related articles below:

(1) Investment in establishing economic organizations:

https://phong-partners.com/en/dich-vu-phap-ly/investment-consulting/investment-in-the-form-of-establishment-the-economic-organization-for-foreign-investors-1175.html

(2) Investing in capital contribution, buying shares, purchasing capital contributions:

https://phong-partners.com/en/dich-vu-phap-ly/investment-consulting/investment-in-the-form-of-capital-contribution-purchase-of-shares-or-capital-contribution-to-economic-organizations-1177.html

4. Who is Lawyer for Japanese Investors in Da Nang?

Lawyers for Japanese investors in Da Nang are understood to beindividuals with high legal expertise, extensive investment consulting experience, and deep knowledge of the investment market in Da Nang. They are proficientin 2 or more popular languages (including Japanese) to help clients resolve all legal issues related to their investment activities in Viet Nam. Thereby, ensuring optimal benefits for Japanese investors.

5. Why should retain a Lawyer for Japanese Investors in Da Nang?

The legal differences between Japan and Vietnam cause many difficulties for investors in the process of carrying out investment activities in Vietnam such as:

• Many business lines that Vietnamese law does not yet allow foreign investors to invest in Vietnam or invest under certain conditions;
• Lack of understanding of the procedures and processes for applying for licenses for investment activities;
• Not being proficient in Vietnamese to work with Vietnamese authorities;
• …

Therefore, getting the help of a Lawyer for Japanese investors in Da Nang is very important, for the following reasons:

• Lawyers for Japanese investors are knowledgeable about legal regulations on investment, knowledgeable about the investment market in Da Nang, and have practical experience in consulting on legal issues related to investment activities for Japanese investors;
• Lawyers for Japanese investors provide legal consultation to Japanese investors anytime, anywhere, promptly resolving clients’ requests quickly;
• Lawyers for Japanese investors help investors minimize legal risks (investment conditions, documents, procedures, etc.); in addition, they solve the problem of language barriers, ensure accurate understanding of the meaning of language in speech, documents, and materials during the process of working with competent authorities or other individuals/organizations when carrying out investment activities, leading to rights not being guaranteed;
• Lawyers help clients ensure absolute information security.
• With the assistance of a Lawyers for Japanese investors, clients may save time, effort, and money because there are many legal regulations, documents, and procedures at Vietnamese authorities that clients may not grasp or do not know how to implement.

6. What does a Lawyer for Japanese Investors in Da Nang do?

With many difficulties and barriers that Japanese investors may encounter during the investment process in Da Nang, Vietnam, it is necessary to choose a Lawyer for Japanese investors to perform the following tasks:

a. Providing legal consultation

• Consulting on business conditions for each investment line; investment form and investment location are consistent with Vietnamese law and align with the investors’ preferences;
• Consulting on preferential legal policies when investing in Da Nang, Vietnam; consulting on tax policies to help investors ensure compliance with legal regulations and optimize costs for investment activities;
• Consulting in detail the order and procedures for business investment from Japan to Da Nang, Vietnam;
• Consulting on applying for necessary documents for Japanese investors to enter Vietnam to carry out investment activities such as: Visa, Work Permit - WP; Temporary residence card,…;
• Consulting on M&A transactions: consulting on transaction structure, due diligence consulting on target businesses,...;
• Consulting on legal fields related to investment activities such as: business law, labor law, tax law, construction law, intellectual property law,... for Japanese investors planning to invest or foreign enterprises doing business in Da Nang, Vietnam.

b. Drafting documents and representing in foreign investment procedures (investment capital from Japanese investors) and Sub-licenses

• Drafting documents for investment project approval, documents for issuance of Investment Registration Certificate (IRC), documents for issuance of Enterprise Registration Certificate (ERC), documents for establishment of branches/ representative offices of foreign enterprises;
• Drafting documents to change business registration information: change business registration content, change investment capital (increase or decrease), change legal representative, change capital contributing members, change of business location/headquarters,...;
• Drafting documents for business mergers and acquisitions (M&A), transfer of shares, capital contributions, shareholder agreements, business cooperation contracts - BCC,...;
• Drafting documents to apply for Sub-Licenses for FDI enterprises for conditional business industries such as: Certificate of eligibility for food safety and hygiene, Certificate of security and order, Fire prevention license, Environmental license,...;
• Draft and adjustment other types of related contracts in the investment process: Asset lease contracts, labor contracts,...
• Drafting lawsuit/counterclaim documents and related documents (if any) in case the enterprise is involved in legal disputes at the Court/Commercial Arbitration.

c. Representative participating in litigation

• Representing the enterprise to participate in proceedings at the Court or Commercial Arbitration Center in case the enterprise is involved in disputes.

d. Legal translation (interpretation, translation)

• Translate records, documents, and materials for Japanese investors at any time during the investment process in Da Nang, Vietnam;
• Participate in translating for clients in negotiations sessions, contract signing, convening sessions, summoning sessions, mediation sessions, court sessions,...
• Translating other tasks at the request of Japanese investors.

7. What necessary skills will a professional Lawyer for Japanese Investors in Da Nang required?

A dedicated, reputable and professional Lawyer for Japanese investors in Da Nang must have the following important qualities:

• Must be ethical and dedicated to work, for the legitimate purposes of Clients;
• Must have extensive knowledge of investment law and understanding of the investment market in Vietnam;
• Experienced in assisting/representing clients in dealings with relevant
• Be capable of working professionally with high efficiency to help clients achieve quick results and commence business operations promptly;
• Proficiency in two or more languages, including globally recognized languages orthose gaining popularity;
• Must be able to think and work with high precision in providing legal services to foreign clients;
• Must have profound experience, accumulated from working with foreign clients seeking to invest in Vietnam;
• Must have a large-scale team to be able to coordinate and support each other in the best way, thereby bringing optimal results to clients;
• Proficiency in searching for and applying information technology professionally.

8. How to find a qualified Lawyer for Japanese Investors in Da Nang?

At Phong & Partners Law Firm, we priortize service quality and client satisfaction as our guiding principles. Phong & Partners Law Firm operates under the philosophy of "Honour justice - Respect goodwill", driven by enthusiasm, passion, and a strong sense of responsibility, always placing "MIND" at the forefront of our profession .

Our team of lawyers is well-trained, possessing in-depth expertise in the legal field and flexible language skills, enabling us to assist Japanese investor with legal  issues in Da Nang. We are ensuring high accuracy and help mitigate legal risks arising from various barriers.

Contact Phong & Partners Law Firm for Lawyer for Japanese investors in Da Nang:

Phone number: 0905.573.678

Email: phongpartnerslaw@gmail.com

9. FAQ related to Lawyer for Japanese Investors in Da Nang

(1) What industries are Japanese investors restricted from investing in Vietnam?

Vietnamese law stipulates that there are 84 business lines that limit market access for foreign investors, including:

• 25 business lines have not yet had market access;
• 59 business lines have conditional market access.

Among the 25 business lines that have not yet reached the market, some notable examples include:

• Journalism and news gathering activities in all forms;
• Fishing or exploiting seafood;
• Services for sending workers to work abroad under contract;
• Garbage collection service directly from households;
• Producing and trading in weapons, explosives and support tools;
• Providing industrial property representation services and intellectual property assessment services;
• Business travel service, except for international travel services forinternational tourists coming to Vietnam;
• …

(2) What is the order and procedures for applying for IRC and ERC in Da Nang, Vietnam?

Applying for IRC and ERC is a crucial initial step forJapanese investors wishing to conduct investment activities in Vietnam. Therefore, Japanese investors must be  diligent and seek assistance froma Lawyer for Japanese investors in Da Nang if they have any uncertainties

Regarding documents, order and procedures for applying for IRC and ERC, clients may refer to the article by Phong & Partners here: https://phong-partners.com/en/dich-vu-phap-ly/ investment-consulting/orders-and-procedures-for-foreign-investment-into-vietnam-1071.html

(3) What should Japanese investors who want to open a company, hotel, or restaurant in Da Nang do?

The trend of Japanese investor opening companies, restaurants, and hotels in Da Nang is  increasingly popular. Da Nang is blessed with a beautiful coastline, many ideal tourist destinations, diverse culture and cuisine, leading to significant growth in service industries, including  restaurants and hotels. To open a company, restaurant, or hotel in Da Nang, clients may refer to our articles below:

• How to set up a compay in Da Nang city: https://phong-partners.com/en/how-to-set-up-a-company-in-da-nang-city

• How to open a hotel in Da Nang city: https://phong-partners.com/en/how-to-open-a-hotel-in-danang

• How to open a restaurant in Da Nang city: https://phong-partners.com/en/how-to-open-a-restaurant-in-da-nang

(4) What are the investment incentives for Japanese investors?

Forms of investment incentives include:

• Corporate income tax incentives, which may involve applying lower corporate income tax rates  for a specified term or throughout the  duration of investment project implementation; Tax exemption, tax reduction and other incentives as stipulated by corporate income tax;
• Exemption from import tax for goods imported to create fixed assets; Raw materials, supplies, and components imported for production according to the export tax and import tax laws.
• Exemption or reduction of land use fees, land rent, and land use tax
• Accelerated depreciation, increasing deductible expenses when calculating taxable income

(5) What are the market access requirements for Japanese investors in Da Nang, Vietnam?

Please see more at this article: https://phong-partners.com/en/dich-vu-phap-ly/investment-consulting/market-access-requirements-for-foreign-investor-1179.html