Complete Guide To Open A Company In Ha Noi City, Vietnam

Types of Companies in Ha Noi City

One of the first decisions you'll need to make when setting up a company in Ha Noi City is to choose the type of company you want to establish. There are several options to choose from, including:

100% foreign-owned company: This type of company is 100% owned by foreign investors, and is often used by foreign businesses looking to establish a presence in Ha Noi City.

Joint venture: A joint venture involves a partnership between a foreign company and a Vietnamese company. This type of company is often used by businesses that want to share the risks and rewards of doing business in Ha Noi City.

Representative office: A representative office is a type of company that is used by foreign businesses to promote their products and services in Ha Noi City. This type of company is not allowed to engage in commercial activities, but it can provide support to the parent company.

Choosing a Business Name

Once you've chosen the type of company you want to establish, you'll need to choose a business name. When choosing a business name, it's important to make sure that it complies with Vietnamese law and is not already in use by another company.

Obtaining a Business License (IRC and ERC) 

Once you've chosen your business name, you'll need to obtain a business license from the Department of Planning and Investment in Ha Noi City. This process can be time-consuming, so it's important to plan ahead and allow plenty of time for the application process.

Registering for Tax

Once you've obtained your business license, you'll need to register for tax with the local tax office. This process involves providing information about your company, including its name, address, and business activities.

Opening a Corporate Bank Account

In order to receive payments and manage your company's finances, you'll need to open a corporate bank account in Ha Noi City. This process can be complicated, so it's important to work with a reputable bank and seek the advice of a local lawyer or business consultant.

Hiring Employees

If you're setting up a company in Ha Noi City, you may need to hire employees in order to run your business. Foreigners must obtain a work permit for each foreign national they hire. This process can be complex, so it's important to work with a local lawyer or business consultant to ensure that you are in compliance with all relevant laws and regulations.

Complying with Vietnamese Regulations

Finally, it's important to comply with all Vietnamese regulations and laws, including labor laws, environmental regulations, and health and safety standards. This can be a complex and time-consuming process, so it's important to work with a local lawyer or business consultant to ensure that you are in compliance with all relevant regulations.

LHD Law Firm Advice

Setting up a company in Ha Noi City can be a complex and time-consuming process, but with the right guidance and support, it can also be an exciting and rewarding opportunity.

What we can do ...

Lawyer: Phuong Khanh (email: hanoi@lhdfirm.com)

→ Lawyer specializing in advising on setting up foreign capital companies in Hanoi

She has a master's degree in Commercial Law from Hanoi Law University.

The language of consultation is English and Vietnamese