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I'm wondering if it is possible to open my own bar in Hanoi with a group of English/American friends. Any advice? Cheers.
bar (add tags) Why? Details of tags
answered about 7 months ago by hany
actually it is possible to open ur own bar with ur group but you have to do some steps before doing that as u have to look for a good place with good location u have to make contract at least with 3 years with the landlord of the place to secure ur business u have to get vietnamess partenar only u need to use his name to finsh for u the license of the bar and the taxes bar... wish u good luck in opening ur place
answered about 7 months ago by kparsons
Is that so, hany? I thought that one no longer needed a Vietnamese partner to start a business in Vietnam. Have I been misinformed?
that what i thought also , but i found that i must have a vietnamess name to fix all the paper, that what i faced in opening my place ,
answered about 7 months ago by alpha
I think that technically it is possible to open a place without a Vietnamese partner, but from a practical standpoint, it can be rough. Having a Vietnamese partner you can trust seems to be a major advantage.
answered about 7 months ago by uglyman
A 100% foreign ownership is allowed now. Tedious task though. After getting the business license, one has to apply for other licenses too. Liquor, cigarettes, VAT, etc etc. All documentation will be in Vietnamese. It is advisable to go through a Law Firm or a Consultancy Agency to help you get all the paper work done. Lots of paperwork, lots of patience and lots of running around is required. Cheers.
answered about 7 months ago by artfuldodger
Thanks guys, as always this forum helps out.
