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Why registering your company in Vietnam

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

Benefit
Strategic location at the heart of Southeast Asia region with well-equipped infrastructure for international trading
Flexible corporate structure with 100% Foreign Ownership (Wholly Foreign-Owned 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 a 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 a 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.
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At least one member / 3 shareholders

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Required local registered address

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No local legal representative requirement

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No minimum capital requirement for most cases

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No upfront paid-up capital

Steps of registering your Vietnam company

Foreign investors who want to set up a company in Vietnam will have to acquire two license types, namely the investment license and the enterprise license. Note that the licensing requirements can change depending on factors such as company ownership.
steps to set up a company in Vietnam

Step 1: Investment Registration

The first step to start a business in Vietnam is to obtain an Investment Registration Certificate (IRC). This application is subject to the review and assessment by the Department of Planning and Investment.

Step 2:Enterprise Registration

The next step is to get a Business/Enterprise Registration Certificate (ERC) from the provincial Department of Planning and Investment, regardless of whether the investment project is carried out inside or outside of the regulated zones. Typically, your ERC application will be processed within 3 working days. Note that depending on what sector your business operates in, additional licensing procedures may be required by relevant government ministry levels before obtaining approval.
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Vietnam Company Formation Packages

US$1099/member

Establishment of a Joint Venture Company (FII)
  • Name availability check
  • Business/Enterprise Registration Certificate (ERC)
  • Local registered address
  • Company seal
  • Public announcement of company registration
  • Tax registration after incorporation
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Banking support package for Vietnam companies

Basic Banking Support

  • One-time fee for application of one bank
  • Consulting on the preparation of your chosen bank's requirements
  • Preparing certified translated corporate documents for the bank (if needed)
  • Making appointments with your chosen bank in the supported list

US$299

Premium Banking Support

  • One-time fee for application of up to 3 banks OR until the account is opened, whichever comes first
  • Consulting on the preparation of your chosen bank's requirements
  • Preparing certified translated corporate documents for the bank (if needed)
  • Meeting at the registered office address for all applications

US$599

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Refund Guarantee

We refund your money in full for services that we cannot deliver.

Read our policy

Bring your next business venture online

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Streamlined process

Start at your own pace. And reduce waiting time for back-and-forth email communication.
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E-signature

Collaborate with your partner more easily. Less paperwork, more efficiency.
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Digitized KYC

Standardized form & organizational chart to let you control and declare your information effortlessly.
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Centralized management portal

24/7 access to company documents on high-security cloud infrastructure. And no worry about key compliance deadlines with auto reminder.

Vietnam Company Incorporation Process

1

Create online order

Enter our online order platform for easy onboarding experience and tailor your orders. We have different packages of Vietnam company formation and additional services that suit your goals. During this process, we also provide free consulting to help you set up the right company structure per your need.

2

Make payment

Your settlement can be made online via Credit card, Debit Card. Bank wire transfer is also acceptable.

3

Collect and Verify KYC documents

After receiving your order and payment, our customer service will contact you on the same day to confirm the order information and gather the required documents for incorporation in Vietnam.

4

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.

KYC Documents Checklist

KYC documents are essential to verify the identity of individuals and corporations in Vietnam. Below, you'll find a list of the required documents.
The following proofs are required for all company members including Directors (or Managers for LLCs), Shareholders (or Members for LLCs), Ultimate Beneficial Owners (UBOs), and Contact persons.
Proof of identity
  • Colored scan of the passport (valid for at least 6 months);
  • 6 scans of the passport (all pages) for all company members, 2 more copies for the bank account opening process;
  • 2 copies of Personal bank account confirmation letter proving financial capacity for the investment project;
  • A comprehensive Curriculum Vitae (C.V.), Resumé, or Linkedin profile.

Please note:

(1) If you are living outside of Vietnam, any documents written in foreign languages must be legalized by the Vietnamese Embassy. These documents should have a remaining validity of at least 3 months and should be sent to Vietnam via courier. Once in Vietnam, the documents must be translated and notarized for local use.

(2) If you are currently living in Vietnam and have a valid Visa, you must translate and obtain a certified true copy of the documents (if they are in a foreign language) within Vietnam. We offer support for certification at USD 2.00/page and certified translation at USD 5.00/page. Please note that consular legalization is required for documents in a foreign language.

Proof of address

We require scans of address proof, which can include any of the following: Bank reference / Bank statement / Utility bill / Driver license.

The address proof must clearly show the holder's full name along with physical address written in English (P.O. Box addresses are not accepted).

Please note that the provided proofs must be the most recent version and dated within the last 3 months.

*Note that the list provided, while comprehensive, may not encompass all requirements.

For further personalized consultations tailored to your specific case, please reach out to our support team anytime

Need more help to set up your business in Vietnam?

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

Frequently Asked Questions

Can a foreigner register company in Vietnam?

Yes, foreigners can register company in Vietnam. You can select either direct or indirect foreign investments to start your business as foreigners.

Does Vietnam allow 100% foreign ownership?

Yes, you can set up a 100% foreign-owned company in Vietnam in the form of a limited liability company (LLC) or a joint-stock company (JSC).

A Vietnam limited liability company can have a maximum of 50 members, and member's liability is limited to their capital. Meanwhile, you'll need at least three founding shareholders to form a joint-stock company.

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.

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