Vietnam Company Incorporation
Vietnam’s dynamic economy and strategic location have made it a prime destination for foreign investment. If you’re looking to tap into this thriving market, establishing a legal presence is the first crucial step. Our comprehensive Vietnam company incorporation services are designed to guide you through the process seamlessly, ensuring a smooth and efficient entry into the Vietnamese business landscape.
Ideal business structures to consider for your business
Refer to the table below for an overview of the business types that require incorporation in Vietnam:
| Entity Type | Joint Stock Company | Limited Liability Company | Branch | Representative Office |
|---|---|---|---|---|
| Applicable | All investors | All investors | All investors | All members of WTO |
| Minimum Capital | No limit, reasonable | No limit, reasonable | No limit, sufficient | N/A |
| Min. Number of Shareholders | At least 3 | 2 to 50 or more corporate/individual | Owned by head office | Owned by head office |
| Management | President/MC, General Director | GM, MB, General Director | Branch Manager | Chief of Office |
| Limited Liability Protection | Yes | Yes | No | No |
| Voting Rights | 1 per share | Based on capital contribution | N/A | N/A |
| Operate Business | Yes | Yes | Yes | No |
| Import/Export Activities | Yes (if permitted) | Yes (if permitted) | Yes (if permitted) | No |
| Shareholder of Another Entity | Yes | Yes | No | No |
| Open a Bank Account | Yes | Yes | Yes | Yes |
| Issue Stocks to Public | Yes | No | No | No |
| Conversion to Other Entity | Yes | Yes | No | No |
| Statutory Audit Requirement | Required for FDI, public/listed | Required for FDI | Independent branch of FDI | No |
| VAT Rate | 5%-10% | 5%-10% | 5%-10% | No |
| Income Tax Rate | 20% | 20% | 20% | N/A |
| Withholding Tax Rate | Max 10% | Max 10% | N/A | N/A |
| Capital Gains Tax | Yes | Yes | N/A | N/A |
| Transfer of Shares/Interest | Restricted within 3 years or by approval | Must be approved | N/A | N/A |
Determining which business structure would
work best for your venture with Premia TNC
Book a complimentary consultation with us, and let our experienced specialists guide you in selecting the optimal structure for your business. Our team is here to offer expert advice on a wide range of topics, including capital investment strategies, options for full foreign ownership, and the specific requirements for shareholders.
During this personalized session, we will look into the details of your business needs and goals to provide tailored recommendations. Whether you need insights into investment opportunities, ownership structures, or regulatory compliance, our specialists are equipped to assist you every step of the way. Grab this opportunity to set your business up for success.
Key measures
to adhere to prior to your new venture in Vietnam
01
Opting for your
business entity
When planning to establish a company in Vietnam, you have four primary options: a Joint Stock Company, a Limited Liability Company, a Branch, or a Representative Office. Opening a foreign company in Vietnam involves specific requirements and procedures that vary by company type. The entire process typically takes between one and three months. Ensuring that all documentation and regulatory criteria are met will help facilitate a smoother and more efficient registration process.
02
Opting for your
business location
To set up a company in Vietnam, securing a business location is essential. Besides using your own address or leasing traditional office space (which may come with various restrictions), consider these alternatives: Serviced offices and coworking spaces provide quick and flexible office solutions across Vietnam, significantly reducing initial setup costs for new companies. Alternatively, a virtual office offers a streamlined approach, allowing you to establish your business using a virtual address, which simplifies the company formation process and enhances operational flexibility.
03
Following through
with the necessary
documentation
Upon deciding on the method and location for establishing your business, these are crucial steps for registering your company in Vietnam. First, determine the required capital, declare your investment, and obtain the Investment Registration Certificate (IRC). Our company registration consultants will assist in determining your capital needs and securing the IRC. Our team will ensure your business is accurately logged in the Vietnam company registry and maintain compliance throughout the process.
04
Approach after
establishing your company
When starting a company, you need to open a business bank account, publish your tax information, and pay the business license tax. It is also important to set up an e-invoice system and inject the required investment capital. Additionally, installing a company sign at your business location is essential, as is obtaining other necessary permits and licenses based on your specific business activities. If you plan to stay in Vietnam, you should also apply for work permits and residence cards to ensure compliance with local regulations.
Added Essential
services offered by Premia TNC
Assistance with company registration
At Premia TNC, we will handle the preparation and filing of all necessary documents and complete your company registration with the DPI.
Lease assistance
Assistance with bank account opening
Assistance as a representative
Navigating interactions with government authorities in a foreign country can be complex and time-consuming. Our Authorized Person Service is designed to simplify this process for your business in Vietnam. We act as your designated representative, handling essential communications and tasks to ensure your company’s smooth operations and compliance.
Added Compliance
services offered by Premia TNC
Compliance Consultancy Services
Operating a successful business in Vietnam requires more than just a great product or service – it demands a thorough understanding and adherence to the country’s legal framework. Our Compliance Consultancy Services are designed to be your trusted partner in this journey, ensuring that your business is compliant with the laws and regulations of Vietnam.
Accounting and taxation services
Payroll services
Frequently Asked Questions
What are the primary business structures available for setting up a company in Vietnam?
The four main business structures are: Joint Stock Company, Limited Liability Company, Branch, and Representative Office. Each has different requirements and procedures for registration.
What essential steps are involved after establishing a company in Vietnam?
Key steps include opening a business bank account, publishing tax information, paying business license tax, setting up an e-invoice system, installing a company sign, obtaining necessary permits and licenses, and applying for work permits and residence cards if staying in Vietnam.
