1. Who is a Korean investors?

Korean investors are individuals, organizations, or companies originating from South Korea who invest in projects, businesses, or assets both domestically and internationally. South Korean investors are commonly associated with a particular interest in sectors such as information technology, industry, real estate and finance. Major companies such as Samsung, Hyundai, and LG are prime examples of reputable and highly influential South Korean investors in the global market.

2. Who is the Lawyer for Korean investors?

Lawyers for Korean Investors in Da Nang are a team of lawyers with in-depth knowledge and rich practical experience in investment, businesses and related legal issues, supporting Korean investors to understand incentives, investment conditions and notes in the business process, thereby properly and flexibly applying investment regulations, helping investors make their investment process more convenient.

3. What does a Lawyer for Korean investors in Da Nang do?

A lawyer for Korean investors in Da Nang would handle legal matters and provide legal advice specifically tailored to the needs and interests of Korean investors operating in Da Nang, Vietnam. Their tasks may include:

• Legal Consultation: Providing guidance and advice to Korean investors on the legal framework, regulations, and procedures related to investing and doing business in Da Nang
• Business Formation: Assisting Korean investors in establishing legal entities such as corporations, joint ventures, or representative offices in accordance with Vietnamese laws and regulations.
• Contracts and Agreements: Drafting, reviewing, and negotiating contracts, agreements, and other legal documents related to investments, partnerships, leases, or acquisitions to ensure they comply with relevant laws and protect the interests of Korean investors.
• Regulatory Compliance: Helping Korean investors navigate and comply with local regulations, licensing requirements, tax laws, labor laws, and other regulatory obligations in Da Nang and Vietnam.
• Dispute Resolution: Representing Korean investors in negotiations, mediations, or litigation proceedings to resolve disputes with business partners, suppliers, employees, or government authorities, if necessary.
• Due Diligence: Conducting legal due diligence investigations on potential investment opportunities, mergers, or acquisitions to identify and mitigate legal risks for Korean investors.
• Intellectual Property Protection: Advising Korean investors on intellectual property rights protection, trademark registration, copyright issues, and handling any infringements or disputes related to intellectual property in Da Nang.
• Real Estate Transactions: Assisting Korean investors in real estate transactions, including property acquisition, leasing, development in accordance with Vietnam Law.

Overall, a Lawyer for Korean investors in Da Nang plays a crucial role in ensuring that Korean businesses operate smoothly, comply with legal requirements, and protect their interests while investing and conducting business activities in Da Nang.

4. Why should you need to retain a Lawyer for Korean investors in Da Nang?

Retaining a Lawyer for Korean investors in Da Nang may be highly beneficial for several reasons:

• Understanding of Korean Business Culture: A lawyer who specializes in assisting Korean investors will have a deep understanding of Korean business culture, norms, and expectations. This cultural sensitivity can facilitate smoother communication and collaboration between Korean investors and the local involved parties in Da Nang.
• Knowledge of Local Laws and Regulations: Laws and regulations can vary significantly from one country to another. A lawyer familiar with Vietnamese laws and regulations, particularly those relevant to foreign investment and business operations, can ensure that Korean investors comply with all legal requirements in Da Nang.
• Customized Legal Advice: An experienced Lawyer for Korean investors in Da Nang can provide customized legal advice tailored to the specific needs and preferences of Korean clients. This includes cultural considerations, business objectives, and risk management strategies unique to Korean investors.
• Assistance with Language and Communication: Language barriers can pose challenges for Korean investors operating in a different country. A Lawyer who is fluent in both English and Vietnamese can facilitate effective communication between Korean investors and local authorities, partners, suppliers, and other involved parties in Da Nang.
• Navigating Complex Procedures: Establishing and operating a business in a foreign country involves navigating through various legal procedures, bureaucratic processes, and administrative requirements. A qualified Lawyer in this area can streamline these processes, saving time and minimizing potential delays or obstacles for Korean investors.
• Risk Management and Dispute Resolution: Investing in a foreign market inherently involves certain risks. A Lawyer specializing in assisting Korean investors can identify potential legal risks and develop strategies to mitigate them. Additionally, in the event of disputes or legal challenges, having legal representation familiar with both Korean and Vietnamese legal systems can be invaluable for resolving issues efficiently and effectively.
• Long-Term Support and Guidance: Building a successful business in Da Nang requires ongoing legal support and guidance. By retaining a Lawyer who specializes in assisting Korean investors, businesses can access continuous legal advice, updates on regulatory changes, and assistance with evolving legal needs as their operations grow and develop in the region.

5. What are necessary qualities of an Investment Lawyer in Da Nang?

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

• Must be ethical and dedicated to work, for the legitimate purposes of clients;
• Must have in-depth knowledge and professional capacity in the field of investment and other fields;
• Must have high and sharp thinking ability to solve client problems quickly and effectively
• Must have profound experience, accumulated during the process of studying, training, and participating in resolving actual battles at Court;
• Good foreign language skills to be able to convey consulting content to investors most accurately.

6. How should you find a Lawyer for Korean investors in Da Nang?

Investment is a very complex field, when an investor enters a new market with many complex regulations, it is necessary to find an investment Lawyer with high expertise, extensive experience and sufficient qualifications to help investors clearly understand conditions, optimize investment costs as well as prevent future risks. The following criteria will help Korean investors find an Investment Lawyer in Da Nang:

• Reputable in the legal industry and in the business community
• Having a license to practice Law
• Having good professional ethics and be friendly with clients
• Practicing at a reputable law practice organization.

With the motto “Honour justice - Respect goodwill”, the team of Lawyers for Korean Investors in Da Nang with professional qualifications at PHONG & PARTNERS LAW FIRM SYSTEM is ready to serve you. We have a team of Lawyers and experts with many years of experience who will help clients solve problems in the most optimal way.

You can learn more about Investment Lawyers at PHONG & PARTNERS LAW FIRM SYSTEM IN DA NANG according to the following information:

1.       Phong & Partners in Hai Chau - Thanh Khe

• Address: 6th Floor, Thanh Loi Building, 249 Nguyen Van Linh, Thanh Khe District, Da Nang.
• Phone: 02363 822 678 - 0905 102 425

2.       Phong & Partners in Son Tra

• Address: 01 Dong Giang, Son Tra District, Da Nang.
• Phone: 0905 205 624

3.       Phong & Partners in Lien Chieu

• Address: 223 Nguyen Sinh Sac, Lien Chieu District, Da Nang.
• Phone: 0961 283 093

4. Phong & Partners in Ngu Hanh Son

• Address: 03 Chu Cam Phong, Ngu Hanh Son District, Da Nang.
• Phone: 0905 579 269

5. Phong & Partners in Cam Le - Hoa Vang

• Address: 346 Cach Mang Thang Tam, Cam Le District, Da Nang.
• Phone: 0901 955 099

Email: phongpartnerslaw@gmail.com

Website: https://phong-partners.com

Fanpage:

https://www.facebook.com/phongpartnerslaw

https://www.facebook.com/luatsugioinguhanhson

https://www.facebook.com/luatsusontra

https://www.facebook.com/luatsuquanlienchieu

https://www.facebook.com/LuatsuCamLe

7. FAQ related to Lawyer for Korean investors in Da Nang

a) Forms of investment in Vietnam?

Forms of investment in Vietnam include:

• Investing in establishing economic organizations;
• Investing in capital contribution, buying shares, purchasing capital contributions;
• Implementing investment projects
• Investing in the form of BCC contract

b) What investment incentives do Korean investors enjoy?

• Corporate income tax incentives, including applying corporate income tax rates lower than normal tax rates for a term or the entire duration of investment project implementation; Tax exemption, tax reduction and other incentives according to the provisions of law on 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 provisions of law on export tax and import tax
• Exemption or reduction of land use fees, land rent, and land use tax

c) 5 Tips Korean investors need to know when investing in Da Nang

• Market access conditions for foreign investors

For Korean investors accessing the Vietnamese market (doing business in restricted access industries), they must meet the conditions to invest in business industries on the List of business industries with limited market access for Korean investors according to the provisions of Article 9.2 of the Investment Law 2020. These include:

• Business industries that have not yet accessed the market
• Business industries have conditional market access.

Market access conditions for Korean investors specified in the List of business industries with restricted market access for Korean investors include:

• Charter capital ownership ratio of Korean investorsin economic organizations;
• Investment form;
• Scope of investment activities;

• Investor capacity; partners participating in investment activities;
• Other conditions as prescribed in laws, resolutions of the National Assembly, ordinances, resolutions of the Standing Committee of the National Assembly, decrees of the Government and international treaties to which the Socialist Republic of Vietnam is a member.

Note: For some business industries, Vietnam’s specialized laws regulate legal capital such as life insurance business, credit business, banking... when choosing to invest in these industries in Vietnam, investors need to pay attention to preparing capital and the ability to mobilize capital so that applying for an investment license can go smoothly.

• Capital contribution account and capital contribution period

Foreign Korean investors can choose to contribute capital in Vietnamese dong or foreign currency. To contribute capital to an enterprise, investors must do so through a direct investment capital account, referred to as “DICA account” (Direct Investment Capital Account). This DICA account will be used to manage and perform transactions related to investment capital. This account is used to carry out transactions related to investment capital including capital contribution, payment of foreign loans, project-related amounts and capital recovery.

Korean investor need to note that investment capital contributions must be made in accordance with the registered deadline shown on the Investment Registration Certificate. Past the deadline on the Investment Registration Certificate, the Bank opening the capital account may refuse to accept investment capital. Regarding charter capital, according to the provisions of the Enterprise Law 2020, investors must contribute capital within 90 days from the date the company is granted a Enterprise Registration Certificate.

• Capital ownership ratio of Korean investors

When Korean investors want to contribute capital, buy shares, or contribute capital of Vietnamese enterprises, they need to research the provisions in the WTO Commitment Schedule that allow Korean investors to contribute capital at what rate. The ratio of foreign investors’ capital contribution depends on the type of industry the investor intends to invest in and contribute capital to.

Some industries specified in the WTO Commitment Schedule limit the capital contribution ratio of Korean investors such as the securities services industry (foreign investors’ capital contribution cannot exceed 49%), services Transporting goods by road (foreign investor’s capital contribution cannot exceed 51%), mining-related services (foreign investor’s capital contribution cannot exceed 51%)…

• Investment capital level

Current law does not stipulate a minimum level for investors’ contributed capital (except for industries requiring legal capital such as education, clinics, hospitals, air transport business, securities, etc.) However, the level of investment capital needs to be consistent with the company’s scale of operations based on the following criteria:

• Investor’s financial ability and capacity
• Scope, scale and field of operation of the company;
• Actual operating costs of the company after establishment (because the company’s charter capital is for use in the company’s activities after establishment);
• Value of contract to be signed with partner…

In addition, investors need to note the amount of capital contributed affects the application for a work permit and temporary residence card for investors. Contributed capital of 3 billion VND or more will be exempted from work permits and granted temporary residence cards. The duration of the temporary residence card will be longer if the investor contributes a higher capital.

• Project implementation location/company headquarters address

When renting a project location as well as the company headquarters address, investors need to choose a clear rental address, and the lessor must have full documents proving ownership and legal use.

The project location/headquarters of the company must not be located in residential apartments or dormitories. In case of being located in a mixed-use building, there must be a copy with documents proving that the leased portion is used for commercial purposes.

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PHONG & PARTNERS LAW FIRM

PHONG & PARTNERS LAWYER IN TAY NGUYEN

Address: 05 Nguyen Truong To, Dien Hong ward, Pleiku City, Gia Lai

Tel: 0901.955.099

PHONG & PARTNERS LAWYER IN HO CHI MINH CITY

Address: Floor 9, K&M Building, 33 Ung Van Khiem, 25 Ward, Binh Thanh district, Ho Chi Minh City.

Tel: 0905.503.678

Email: phongpartners.hcmc@gmail.com

PHONG & PARTNERS LAWYER IN DA NANG

1. Phong & Partners in Hai Chau - Thanh Khe

Address: 6th Floor, Thanh Loi Building, 249 Nguyen Van Linh, Thanh Khe District, Da Nang.

Tell: 02363.822.678 – 0905.102.425

2. Phong & Partners in Son Tra

Address: 01 Dong Giang, Son Tra District, Da Nang.

Tell: 0905.205.624

3. Phong & Partners in Lien Chieu

Address: 223 Nguyen Sinh Sac, Lien Chieu District, Da Nang.

Tell: 0961.283.093

4. Phong & Partners in Ngu Hanh Son

Address: 03 Chu Cam Phong, Ngu Hanh Son District, Da Nang.

Tell: 0905.579.269

5. Phong & Partners in Cam Le - Hoa Vang

Address: 346 Cach Mang Thang Tam, Cam Le District, Da Nang.

Tell: 0901.955.099

Email:       phongpartnerslaw@gmail.com

Website:    https://phong-partners.com

Fanpage:   https://www.facebook.com/phongpartnerslaw

                  https://www.facebook.com/luatsugioinguhanhson

                  https://www.facebook.com/luatsusontra

                  https://www.facebook.com/luatsuquanlienchieu

                  https://www.facebook.com/LuatsuCamLe