USD 5.1 Million Overseas Investment for Hotel Acquisition in California
Client: Vietnamese private company
Jurisdictions: Vietnam – United States (California)
Practice Areas: Outbound Investment, Foreign Exchange, Real Estate
Overview
The client planned an outbound investment to acquire a hotel in California, United States, with a transaction value of USD 5.1 million, within a total approved overseas investment limit of USD 10 million granted by the State Bank of Vietnam.
Client Requirements
Ensure full compliance with outbound investment licensing, foreign exchange approval, fund remittance procedures, and ongoing reporting obligations.
Services Provided
Hoang Ha & Associates Co., Ltd provided:
- Preparation and submission of outbound investment registration dossier to the Ministry of Planning and Investment;
- Support in obtaining approval from the State Bank of Vietnam for fund transfer;
- Coordination with U.S. counterparties for transaction execution;
- Guidance on post-investment reporting and compliance obligations.
Outcome
The client successfully transferred USD 5.1 million abroad in compliance
with Vietnamese law, and the hotel acquisition in California was completed
successfully.