Vietnam Company
Incorporation Services

Company Incorporation

company registration in vietnam

Vietnam Company Incorporation Services

Leveraging our profound expertise in the legal domain and vast experience in facilitating Vietnam Company Incorporation, we are dedicated to delivering comprehensive solutions to our valued clients seeking to establish foreign-owned companies.

Drawing upon our extensive business acumen, our team is adept at guiding customers through market research and providing entry advice, as well as supporting them throughout the entire process of establishment, operation, management, restructuring, organization, and implementation of their business and investment ventures in Vietnam. Our approach revolves around fully comprehending the unique requirements and aspirations of each client, ensuring maximum benefits in all circumstances.

The Company Incorporation procedure involves the application for two essential Certificates:

  1. Investment Registration Certificate (IRC)

  2. Enterprise Registration Certificate (ERC)

Moreover, if your business operates in a conditional sector, acquiring a sub-license becomes necessary. In this regard, accurate information about the principal activity is pivotal to receive comprehensive guidance.

One of the remarkable advantages of partnering with us for company registration is that physical presence in Vietnam is not obligatory. Our accomplished Premia TNC team is capable of preparing and dispatching all necessary documents to you for signing and returning, streamlining the filing process.

To initiate the company setup process, the investor will be required to submit specific documents based on their status as an individual or corporate shareholder:

For Individual Investors:

  • A legalized copy of their Passport.
  • A Confirmation Letter verifying their Bank Balance Account.

     

For Corporate Shareholders:

  • Legalized copies of Incorporation Documents.
  • Legalized/Notarized copy of the Legal Representative’s passport (all pages).
  • A Confirmation Letter providing details of the Bank Balance Account or Audited financial statements for the latest 2 years.

     

Please note that depending on the chosen business lines and investment locations, additional documents may be requested by the relevant authority.

Regarding the company’s address requirement:

  • The address used for company registration must be accurate and conspicuous.
  • Apartment addresses are not acceptable. In some cases, ownership or right of use evidence such as a land use right certificate, office leasing agreement, or factory rental agreement may be necessary.

     

Designated Representative requirement:

  • The company being established can have one or multiple legal representatives, with at least one of them required to be a resident in Vietnam.
  • In the case of a sole legal representative, this person must be a resident in Vietnam and authorize another individual in writing to act on their behalf concerning legal rights and obligations during any periods when they leave Vietnam.

     

Minimum capital requirement:

  • While most business lines do not mandate a minimum capital requirement to operate, certain sectors such as banking, financing, and manpower services may have such stipulations.
  • Therefore, having detailed information about the principal activity is crucial for us to provide accurate advice to the investor regarding the necessary investment capital.
Entity Type Joint Stock Company One member Limited Company Two members or more Limited company Branch Representative Office
Applicable All investors All investors All investors All investors All members of WTO
Minimum Capital Not limit but shall be reasonable with implementation of investment project.

Except for some business require legal capital
Not limit but shall be reasonable with implementation of investment project.

Except for some business require legal capital
Not limit but shall be reasonable with implementation of investment project

Except for some business require legal capital
No limit, but must be sufficient for setup costs.

Except for some business require legal capital
N/A
Minimum Number of Shareholders At least 3 shareholders (individual or entity) 1 corporate or 1 individual From 2 to 50 or more corporate or individual Owned by head office Owned by head office
Management Including:

A President being sole authorized person or Members Council (MC) with 3 to 7 authorized persons and one person being the Chairperson of the MC;

A (General) Director, who is managing the daily operations of the LLC.

At least having 1 legal representative regularly stay in Vietnam
Including:

A Members Council (MC) including all investors;

A Chairperson of the MC as decided by the MC; and

A (General) Director who can be one of the members or another person hired by the Company.

At least having 1 legal representative regularly stay in Vietnam
Including:

A General Meeting of Shareholders (GM)consisting of all shareholders;

A Management Board (MB) as elected by the GM; and

A (General) Director who is appointed by the MB or another person hired by the Company

At least having 1 legal representative regularly stay in Vietnam
At least 01 Branch Manager At least 01 Chief of Office
Limited Liability Protection Yes Yes Yes No No
Voting Rights 1 voting right per share The owner of company has all power for the entire company activities The voting rights based much on portion of capital contributed in company capital N/A N/A
Operate Business Yes Yes Yes Yes Yes
Carry-out Importing and Exporting Activities Yes if permitted in the license Yes if permitted in the license Yes if permitted in the license Yes if permitted in the license No
Be a Shareholder of Another Entity Yes Yes Yes No No
Open a Bank Account Yes Yes Yes Yes Yes
Issue Stocks to Public Yes No No No No
Conversion to other entity type Yes Yes Yes No No
Statutory Audit Requirement Required for FDI, public company and listed company Required for FDI Required for FDI Independent branch of FDI company No
Business Tax Rate (VAT) Base on business line (from 5%-10%) Base on business line (from 5%-10%) Base on business line (from 5%-10%) Base on business line (from 5%-10%) Do not need to file VAT
Income Tax Rate 20% 20% 20% 20% N/A
Withholding Tax Rate on Distribution of Earnings Yes (maximum 10%) Yes (maximum 10%) Yes (maximum 10%) N/A N/A
Tax Rate on Undistributed Retained Earnings N/A N/A N/A N/A N/A
Capital Gains Tax on Share/Interest Transfer Yes Yes Yes N/A N/A
Transfer of Shares / Interest Within 3 years from incorporated, founder can and only transfer to other founders; or approved by

General Meeting of Shareholders
Can be transferred freely Must be approved by members. N/A N/A

Choosing Premia TNC services for Company Incorporation comes with a range of valuable benefits. Our dedicated and professional consultant team comprises experienced experts from diverse fields, guaranteeing you specialized and comprehensive guidance that caters to your specific requirements.

One standout advantage is that we provide our services completely free of consultant fees, ensuring you save money while still receiving top-notch assistance throughout the incorporation process. Moreover, our service costs are reasonable and competitive, delivering exceptional value for your investment.

At Premia TNC, we understand the importance of time and efficiency. Our expertise allows us to offer a quick and hassle-free Company Incorporation process, sparing you unnecessary delays and complexities.

Client satisfaction is our utmost priority, and we are committed to delivering the highest quality of service at every stage. Our team ensures your Company Incorporation journey is smooth and successful, making us a reliable partner in your business endeavors.

If you have any further legal queries regarding Company Incorporation or wish to seek our assistance, we welcome you to contact us directly or fill out the provided form. Rest assured, we are ready to support you comprehensively, guiding you through the entire process with utmost professionalism and dedication.

Frequently Asked Questions

As per the current Vietnamese regulations, there is no mandatory minimum capital requirement for most business lines, with the exception of certain special industries. However, it is essential for investors to ensure a reasonable amount of capital is available to effectively operate the newly established business. The entire registered capital must be contributed to the company within 90 days from the date of establishment, and the contribution should be made through a bank account opened in Vietnam.

The law permits the appointment of either a Vietnamese or a foreigner as the legal representative of the company. However, it is crucial that this designated individual remains present in Vietnam throughout the operation of the enterprise. In the event that the appointed representative is outside of Vietnam, they must provide written authorization to another person, allowing them to carry out their duties on their behalf.

Premia TNC has the optimal solutions for all your business needs.

Get in touch today for a FREE consultation.
No hidden costs, no obligations.

Feel free to drop us an email too!
[email protected]

Premia TNC has the optimal solutions for all your business needs.

Get in touch today for a FREE consultation.
No hidden costs, no obligations.

Feel free to drop us an email too!
[email protected]