Hwaum Law Office recently handled the foreign investment filing required in the process of a Korean individual investor acquiring a Vietnamese corporation.
The basic details of this case are as follows.
Foreign Direct Investment Filing Certificate Issued
Investor: Korean individual
Investee: Vietnamese corporation
Declared Amount: USD 7,581
Investment Details: Foreign Direct Investment Filing in connection with a Korean individual’s acquisition of a Vietnamese corporation
In this case, since the investor was staying locally in Vietnam rather than in Korea, the foreign
investment filing procedure was carried out through a power of attorney.
A foreign investment filing is not simply a procedure of submitting a filing form, but requires a comprehensive review of the investment structure, source of funds, documents relating to the investee company,
documents related to the investment agreement, and other relevant materials. In particular, because the bank’s document review is conducted strictly, careful preparation of documents and continuous responses to requests for supplementation are necessary until the filing certificate is issued.
This case also involved several matters requiring confirmation and requests for supplementary documents during the process. However, through the active cooperation of Shinhan Bank Seolleung Central Financial Center Branch, with which Hwaum Law Office has worked for a long period of time, we were able to smoothly complete the foreign investment filing.
Hwaum Law Office provides guidance on the list of documents required for foreign investment filings, preparation of filing documents, document review, communication with banks, and legal advice.
In addition, depending on the client’s needs, we can also provide post-filing management services after the foreign investment filing.
If you need assistance with the acquisition or establishment of a foreign corporation or a foreign direct investment filing,
we recommend that you have your case reviewed by a professional from the initial stage.