Vietnam Company Formation With Bank Account

Company registration in Vietnam

Strategic location at the heart of Southeast Asia region with well-equipped infrastructure for international trading
Flexible corporate structure with 100% foreign ownership (wholly owned foreign enterprise), or Joint Venture with local partner
No initial paid-up capital requirement for most activities, but registered capital must be paid up in full within 90 days from the registration date.
Fast growing domestic market with total population of over 97 million people as of 2019 year-end, and high growth of middle class
Promising alternative manufacturing hub for China with competitive labor cost, young, dynamic and resourceful local workforce
Socio-political and macro-economic stability
Transformation of centrally-managed to market-oriented economy with many investment and tax incentives for foreign investors
15 Free trade agreements (FTAs) with its key trading partners. The most prominent among them are AFTA with Asian countries, EVFTA with European member states.

Limited Liability Company (LLC) / Join Stock Company (JSC)

At least one member / 3 shareholders

Required local registered address

Required local legal representative

No minimum capital requirement for most cases

No upfront paid-up capital

basic

Establishment of a Joint Venture Company

Name availability check
Local partner sourcing
Business/Enterprise Registration Certificate (ERC)
Local legal representative
Local registered address
Company seal
Public announcement of company registration
Tax registration after incorporation

Banking Support

One-time fee for application of one bank
Consulting on preparation of your chosen bank’s required documents
Preparing certified translated corporate documents if needed
Making appointment with your chosen bank in the supported list

standard

Establishment of a Wholly-Owned Foreign Enterprise:

Name availability check
Business/Enterprise Registration Certificate (ERC)
Investment Registration Certificate (IRC)
Local legal representative
Local registered address
Company seal
Public announcement of company registration
Tax registration after incorporation

Premium Banking Support

One-time fee for application of up to 5 banks OR till account opened successfully, whichever comes first
Consulting on your suitable alternative banks if you fail your first application
Fast responsiveness even on weekends
Frequent updates on bank account opening process

Basic
Standard

basic

Establishment of a Joint Venture Company

Name availability check
Local partner sourcing
Business/Enterprise Registration Certificate (ERC)
Local legal representative
Local registered address
Company seal
Public announcement of company registration
Tax registration after incorporation

Banking Support

One-time fee for application of one bank
Consulting on preparation of your chosen bank’s required documents
Preparing certified translated corporate documents if needed
Making appointment with your chosen bank in the supported list

Standard

Establishment of a Wholly-Owned Foreign Enterprise:

Name availability check
Business/Enterprise Registration Certificate (ERC)
Investment Registration Certificate (IRC)
Local legal representative
Local registered address
Company seal
Public announcement of company registration
Tax registration after incorporation

Premium Banking Support

One-time fee for application of up to 5 banks OR till account opened successfully, whichever comes first
Consulting on your suitable alternative banks if you fail your first application
Fast responsiveness even on weekends
Frequent updates on bank account opening process

Not sure which package is right for you?

Talk to us

Process of Vietnam Company Formation

Create online order
BBCIncorp offers multiple packages of Vietnam company formation to meet your demands. During this process, we also provide free consulting to help you set up the right company structure as per your need.
Make payment
Your settlement can be made online via Credit card, Debit Card, or Paypal. Bank wire transfer is also acceptable.
Collect and Verify KYC documents
After receiving order and payment, our customer service will contact you in the same day to confirm order information and gather required documents for incorporation in Vietnam.
Proceed the incorporation
The foreign corporate registration in Vietnam could be finished in 10 days or span from 2 to 3 months contingent on your selected business entity types, business sectors and project’s scale.

Required documents

For individual investors:

Copy of passport of all company members
Personal bank account confirmation letter proving financial capacity for investment project

For corporate investors:

Copy of business registration certificate
Copied passport of appointed legal representative of Vietnam company (if any)
Copied passport of legal representative managing contributed capital
Corporate bank account confirmation letter proving financial capacity for investment project, or
Audited financial statements for the last 2 years demonstrating financial capacity for investment project.

Other documents like leasing contract for factory, warehouse, headquarter, etc.

Do note that all documents written in foreign languages must be translated into Vietnamese and consular legalized with remaining validity of no less than 3 months. Passport is not required as to the above.

Need more help to set up your business in Vietnam?

Just get in touch with us. We typically response within 2 hrs.

FAQs

How long does it take to establish a Vietnam company?

It normally takes 2 to 3 months to set up a new company in Vietnam. This process comprises two main stages: applying for investment registration certificate (IRC) and Business registration certificate (BRC). The most time-consuming procedure lies within the application for IRC.

How can I speed up the registration process?

There are two ways that can help you reduce the waiting time for doing business in Vietnam. In particular, you can invest in an existing Vietnam company or establish a local company through your trusted nominee. Through this way, you don’t have to register for IRC or BRC. Otherwise, you can consider setting up a local branch or a representative office, depending upon your business’s needs.

Under which type of company is my business incorporated in Vietnam?

Your company in Vietnam can be incorporated under two most common structures: (i) Limited Liability Company (LLC), or (ii) Joint Stock Company (JSC). An LLC is renowned for its simple structure, and is more suitable for small businesses. In contrast, if your business plan is rather large, and you intend to go for a public offering, a JSC would be your ideal fit.

Is there minimum capital requirement for some specific business activities in Vietnam?

Except for some highly regulated industries like finance, insurance, real estate, etc. There is no minimum capital requirement for company establishment in Vietnam.

See other questions

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