Starting Your Own Company in Vietnam.
The Law on Foreign Investment and Business Establishment allows any foreign citizen or legal entity to establish a company in Vietnam. They can participate in a limited liability company or a joint-stock company as a founder.
The procedure for opening a company in Vietnam may differ depending on the goals and objectives
- The first option is suitable for small businesses and is carried out in two stages.First, the company is registered to a Vietnamese citizen, who then transfers a portion or 100% of their shares to a foreign investor.
- The second option is to open a company through an investment project. This is suitable for large projects and manufacturing. First, the business plan (investment project) must be approved by the investment department of the relevant province. Then, the company is opened directly in the name of the foreign founder. This is more expensive and takes longer, but this model also opens up access to activities that are not normally available to 100% FDI companies.
Over the past few years, the approach of Vietnamese government agencies to foreign businesses has changed significantly. While many requirements previously existed largely on paper, the government is now consistently moving businesses out of the "gray zone." This applies to companies with foreign participation that don't actually conduct business, existing only on paper.
Our experts will advise you on all issues related to starting a company in Vietnam. This will save you time and money.
You can book a consultation by following the link below.
Book a consultation with an expert on starting a company in Vietnam
One of the most notable changes has been stricter controls over a company's legal address. Just a few years ago, many companies used virtual offices or mass registration addresses, and this rarely raised any concerns from regulatory authorities. Now, having a physical office is becoming a mandatory element of doing business. The lack of a physical office is increasingly becoming a reason for registration or tax denial.
A similar trend is observed in the area of labor relations. In practice, a company must demonstrate that it is conducting business activities, not just having registration documents. It is recommended to have at least one officially employed Vietnamese citizen for whom social security contributions are paid. This is especially important when obtaining a work permit for a foreign director. The presence of local employees often serves as indirect evidence that the business is truly operational and was not created solely for the purpose of maintaining a formal presence in Vietnam.
Documents for starting a company in Vietnam:
For an individual:
- Valid foreign passport with an expiry date of not less than 6 months (translated to Vietnamese with consular legalization 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's Embassy;
- Age of majority;
- Name of company in English;
- Office for company registration.
For entity:
- Certificate of company registration (translated to Vietnamese with consular legalization in your country);
- Passport of the legal person who will act in Vietnam (translated to Vietnamese with consular legalization in your country);
- Name of company in English;
- Office for company registration.
All notarized documents are valid for 3 months.
Depending on the purposes of your business you can choose one of the packages below for the start of the company, or contact us to design a personal solution
Opening a company in Vietnam - the most common options
LLC to 99% of foreign investments
from 3 000 USD
- company name verification
- paperwork
- all starting fees
- notarizing passport(s)
- stamp
- a bank account
- investment certificate
- tax registration
- invoices (red bills)
- notarizing the certificate of company registration
LLC 100% of foreign investments
from 4 000 USD
- company name verification
- primary registration address
- paperwork
- all starting fees
- notarizing passport(s)
- stamp
- a bank account
- investment certificate
- tax registration
- invoices (red bills)
- notarizing the certificate of company registration
LLC 100% of foreign investments (investment project)
from 8 000 USD
- company name verification
- primary registration address
- paperwork
- all starting fees
- notarizing passport(s)
- stamp
- a bank account
- investment certificate
- tax registration
- invoices (red bills)
- notarizing the certificate of company registration
Contact us now and get a ready-made proposal for starting your own company in Vietnam.