Starting Your Own Company in Vietnam

 13.07.2020

Start company in Vietnam

Le-Vaganova Varvara, founder and director of LEADERSHIP TSC:

In 2013, when I just arrived in Vietnam and needed the service to start the compаny, I had to contact a Vietnamese woman who did all the paperwork for me. On reflection, it's scary to remember how much money, effort and nerves I spent on this. I couldnt do anything with my company even after paying the required amount. I didnt have access to the bank account and the stamp. Overall, less money and effort had to be spent to bring everything in line. I learned my lesson and understood if I want to navigate in local business , I have to sort out an object. Modesty aside, I believe I've succeeded in that for the last 5 years. I speak Vietnamese, attentively monitor changes in legislation and track the main trends of economic, political and social life of Vietnam.

Vietnamese law about foreign investment and business creation allows foreign citizens or entities to take a part in a Vietnamese company as a founder. The process of starting is the same for all types of companies - the first step is to establish the company with a Vietnamese founder, and the second step is to transfer his rights, obligation and share capital to foreign investors. Prices and terms depend on the amount of share in authorized capital of foreigners.

Documents for starting company in Vietnam:

Start company in Vietnam

For an individual:

  1. Valid foreign passport with expiry date not less than 6 months notarized and certified by apostille Vietnamese Embassy in your country. If you are in Vietnam now, you have to notarize your passport here and then certify it by apostille of your country Embassy;
  2. Age of majority;
  3. Name of company in English;
  4. Office for company registration.

For entity:

  1. Certificate of company registration (translated to Vietnamese and certified by apostille Vietnamese Embassy in your country);
  2. Company’s charter (translated to Vietnamese and certified by apostille Vietnamese Embassy in your country);
  3. Passport of the company’s director (translated to Vietnamese and certified by apostille Vietnamese Embassy in your country);
  4. Power of Attorney for representation interests in Vietnam (translated to Vietnamese and certified by apostille Vietnamese Embassy in your country);
  5. Passport of the legal person who will act based on the power of attorney (translated to Vietnamese and certified by apostille Vietnamese Embassy in your country);
  6. Stamp of the company.

All notarized documents are valid for a period of 3 months.

 Depending on the purposes of your business  you can choose one of the packages below for the start the company, or text us to design a personal solution:

Start Limited Liability Company in Vietnam

Cost-Effective - 700 USD

LLC 50% or less of foreign investments

  • company name verification
  • primary registration address
  • paperwork
  • all starting fees
  • notarizing passport(s)
  • stamp
  • a bank account

 

 

Start Limited Liability Company in Vietnam

Comfortable - 1100 USD

LLC from 50 % to 99% of foreign investments

  • company name verification
  • primary registration address
  • paperwork
  • all starting fees
  • notarizing passport(s)
  • stamp
  • a bank account
  • investment certificate
  • invoices (red bills)
  • notarizing the certificate of company registration

 

Start Limited Liability Company in Vietnam

Reliable - 1500 USD

LLC 100% of foreign investments

  • company name verification
  • primary registration address
  • paperwork
  • all starting fees
  • notarizing passport(s)
  • stamp
  • a bank account
  • investment certificate
  • invoices (red bills)
  • notarizing the certificate of company registration

 

Start Joint Stock Company in Vietnam

For the Project - 2000 USD

Joint-Stock company 99% of foreign investments

  • company name verification
  • primary registration address
  • paperwork
  • all starting fees
  • notarizing passport(s)
  • stamp
  • a bank account
  • investment certificate
  • invoices (red bills)
  • notarizing the certificate of company registration

Team of "LEADERSHIP TSC" will help you puzzle out the "Road Map" of Vietnamese business

 

Read also:

Limited Liability Company in Vietnam

Joint Stock Company in Vietnam

Branch of Company in Vietnam