Vietnam Company Registration Guide: Everything You Need to Know

Set Up a Company in Vietnam: A Complete Guide for Foreign Investors

Vietnam has become one of the most attractive destinations for foreign investment in Southeast Asia thanks to its stable economic growth, competitive labor costs, and favorable government policies. Setting up a company in Vietnam is a strategic move for businesses looking to expand in the region. Below is a comprehensive guide to help you understand the process.

1. Types of Business Entities in Vietnam

Before establishing a company, you need to choose the appropriate business structure:

1. Limited Liability Company (LLC): The most common type, suitable for small to medium-sized businesses.
2. Joint Stock Company (JSC): Ideal for larger enterprises planning to raise capital through shares.
3. Representative Office: Suitable for market research and liaison activities, not for direct profit-making.
4. Branch Office: Allows foreign companies to conduct business activities in Vietnam.

2. Key Requirements

To set up a company in Vietnam, foreign investors must prepare:

1. A valid passport or business registration certificate (for organizations)
2. Financial statements or proof of financial capability
3. A registered business address in Vietnam
4. A clear business plan outlining your intended activities

3. Step-by-Step Process

Step 1: Apply for Investment Registration Certificate (IRC)

Foreign investors must obtain an IRC to legally invest in Vietnam. This document outlines the investment project and capital contribution.

Step 2: Apply for Enterprise Registration Certificate (ERC)

After receiving the IRC, apply for the ERC to officially establish your company as a legal entity.

Step 3: Company Seal and Publication

Once registered, the company must create a legal seal and publish its registration details on the national business portal.

Step 4: Open a Corporate Bank Account

You will need to open a bank account in Vietnam to manage capital contributions and business transactions.

Step 5: Tax Registration

Register with the tax authorities, obtain a tax code, and comply with accounting and tax obligations.

4. Capital Requirements

Vietnam does not impose a fixed minimum capital for most industries. However, the capital must be sufficient to cover operational costs and align with your business scale. Some regulated sectors may have specific capital requirements.

5. Timeline

The company formation process typically takes:

1. 15–30 working days for standard cases
2. Longer if additional approvals or licenses are required

6. Important Notes

1. Certain industries are restricted or require special licenses.
2. Foreign ownership limits may apply depending on the sector.
3. Hiring a local consultant or legal firm is highly recommended to ensure compliance.

7. Benefits of Setting Up in Vietnam

1. Strategic location in Southeast Asia
2. Competitive labor costs
3. Growing consumer market
4. Strong government support for foreign investment

Setting up a company in Vietnam can be a straightforward process if you understand the legal framework and prepare the necessary documentation. With the right guidance, your business can quickly take advantage of the opportunities this dynamic market offers.

LHD LAW FIRM HO CHI MINH

1. HP Tower, 60 (Floor 7) Nguyen Van Thu Street, Tan Dinh Ward, HCM City, Viet Nam
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LHD LAW FIRM DA NANG

1. No. 71 Ly Tu Trong Street, Thach Thang Ward, Da Nang City, Vietnam
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