vietnam

Complete Guide To Open a Company in Vietnam

Complete Guide To Open a Company in Vietnam

Content

Complete Guide To Open a Company in Vietnam (Step by Step) → 

Open a Company in Vietnam, with 100% foreign capital is a form of investment in which foreign investors are allowed to implement investment projects in the form of investment in the establishment of 100 foreign-owned companies in Vietnam, including the investment locations are being considered big attraction in Vietnam as Hanoi investment, investment in Ho Chi Minh city, Binh Duong, Dong Nai, Bac Giang, Bac Ninh, Thai Nguyen, Da Nang, Quang Ngai .... With many different areas.

The name of the Company (Both in Vietnamese and in English)
Details of the company Directors
The type of company being set up
Details on the amount of capital invested in the company
Details of the percentage ownership of each investor
The areas of business in which the company intends to operate

Once the license has been issued, the company can then begin trading. In general, small business formation involves first setting up a 100% Vietnamese owned company with 2 Vietnamese directors. A new contract is then drawn up transferring ownership to the foreign business person. Although previously, a foreigner could only own 50.9% of their business (49.9% to the Vietnamese director), this has since changed and you can now own up to 99% of your company and this will appear on the company business license.

Please contact our staff so that we can assist you in setting up your company. We will advise you on the safest and most efficient way to set up your company so that you can succeed from the beginning.

Another point of interest for expats is that having a registered company means you are eligible to apply for a Temporary Residency Card for a period of 1- or 3 years. Please view our information on Temporary Residency Cards here.

Business registration documents for limited liabilities companies (one LLC company)

Request for business registration in the standard form published by the authorized business registration body

Draft charter of the company.

List of members and the following attached documents:

(a) With respect to members being an individual, a copy of people's identity card, of passport or other lawful personal identification;

(b) With respect to members being an organization, a copy of the establishment decision, business registration certificate or other equivalent document; power of attorney, people's identity card, of passport or other lawful personal identification of the authorized representative. With respect to members being a foreign organization, a copy of the business registration certificate which is certified by the body at which the organization has made the registration within three months before the date of submission of the business registration documents.

Document of an authorized body or organization certifying the legal capital in respect of enterprises conducting lines of business for which legal capital is required by law

Practicing certificates of the director or general director and other individuals in respect of enterprises conducting lines of business for which a practicing certificate is required by law.

Business registration documents for a Two Member Limited Company (LLC company) 

Request for business registration in the standard form published by the authorized business registration body.

Draft charter of the company.

List of members and the following attached documents:

(a) With respect to members being an individual, a copy of people's identity card, of passport or other lawful personal identification;

(b) With respect to members being an organization, a copy of the establishment decision, business registration certificate or other equivalent document; power of attorney, people's identity card, of passport or other lawful personal identification of the authorized representative. With respect to members being a foreign organization, a copy of the business registration certificate which is certified by the body at which the organization has made the registration within three months before the date of submission of the business registration documents.

Document of an authorized body or organization certifying the legal capital in respect of enterprises conducting lines of business for which legal capital is required by law

Practicing certificates of the director or general director and other individuals in respect of enterprises conducting lines of business for which a practicing certificate is required by law.

Business registration documents for a Shareholding Company (Joint Stock company) 

Request for business registration in the standard form published by the authorized business registration body.

Draft charter of the company

List of founding shareholders and the following attached documents:

(a) With respect to shareholders being an individual, a copy of people's identity card, passport or other lawful personal identification;

(b) With respect to shareholders being an organization, a copy of the establishment decision, business registration certificate or other equivalent document of the organization; power of attorney, people's identity card, passport or other lawful personal identification of the authorized representative. With respect to a shareholder being a foreign organization, a copy of the business registration certificate must be certified by the body at which the organization registered within three months before the date of submission of the business registration documents.

Document of an authorized body or organization certifying the legal capital in respect of enterprises conducting lines of business for which legal capital is required by law.

Practicing certificates of the director or general director and other individuals in respect of enterprises conducting lines of business for which a practicing certificate is required by law.

Business registration documents for a Private Enterprise (Pte)

Request for business registration in the standard form published by the authorized Business registration body.

Copy of people's identity card, passport or other lawful personal identification.

Document of an authorized body or organization certifying the legal capital in respect of enterprises conducting lines of business for which legal capital is required by law.

Practicing certificates of the director and other individuals in respect of enterprises conducting lines of business for which a practicing certificate is required by law.

Clients of LHD

TOYOTA; WACOAL, DELOITE; DLH; SHISEIDO; FOS; DLT; YAMAZEN; SANKOUGIKEN; DIEMSANG; IFO; ALTECH; TRIUMPH; SOMETHINGHOLDINGS …

Question ?

Types of company in Vietnam ?

Vietnam allows a foreigner to own 100% of the capital as a 100% foreign LLC. This is the first type of structure widely promoted: the 100% foreign limited company. This structure is a bit more complicated to open and maintain. This is why the majority of entrepreneurs choose to involve a Vietnamese partner as an investor. You can either share the capital with a local person (49%-51%) or even choose a 100% local capital thanks to a Vietnamese nominee. Entrepreneurs may also consider using a Representative Office if they already own a company overseas.

Cost of starting a business in Vietnam and registration fees ? 

Since lawyer quotations range from single to quadruple, you should consult several law firms to compare rates and make sure you are paying the right price. As an example, for a Limited Company, obtaining a work permit for a foreigner and a two-year temporary residence card, expect having a pricing from $1,000 to $2,000 (excluding share capital). Comparing to other countries in South East Asia, Vietnam may be the only one in the region to be so favorable and with attractive registration fees and cheap costs to set up a business there.

 

 

Any support you may need, please contact us today via 
 
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