Company Registration

COMPANY REGISTRATION IN VIETNAM

Foreign investors can establish several types of legal entity with a Limited-Liability Company (LLC) and a Joint-Stock Company (JSC) being the most popular choices of company registration in Vietnam.

We categorize types of legal entity basing on the percentage of its foreign investment. A Wholly Foreign-Owned Enterprise (WFOE) is a common business structure in Vietnam. Besides, international investors can also find a local partner and incorporate a Joint Venture Company with local-foreign ownership.

AVAILABLE LEGAL ENTITY TYPES IN VIETNAM

1. Limited Liability Company (LLC)

LLC is the most common legal entity type in Vietnam and an excellent choice for small and medium-sized enterprises (SMEs). Single investors can take advantage of its simple corporate structure, which requires one founder only. LLC is not permissible to issue public shares. Multi-member larger LLCs can have up to 50 members.

2. Joint-Stock Company (JSC)

On the other hand, medium and large-sized businesses prefer JSC business model as its corporate structure is complicated and requires a minimum of three founders. Furthermore, its registration process is often delayed due to more demanding requirements. This kind of a shareholding company allows its owners to issue shares and be listed on the public stock exchange.

3. Representative Office (RO)

A representative office is a perfect solution for foreign entrepreneurs who want to observe the local market in Vietnam and gain market presence before expanding to the country. However, an RO is not allowed to conduct any business activities that generate income and behave like an ordinary company.

4. Branch

A branch serves as an extension of its parent company. Owners of branches in Vietnam can conduct commercial activities and make a profit without incorporating a separate legal entity.

THE PROCESS OF VIETNAM COMPANY REGISTRATION

The incorporation process of each legal entity type is different and takes from 1 to 3 months.

In general, foreign investors should pursue the process as follows:

International investors are obliged to obtain an Investment Registration Certificate (IRC) from the Department of Planning and Investment (DPI).

A Business Registration Certificate (BRC), often referred to as an Enterprise Registration Certificate (ERC), is the second mandatory document to be obtained during the registration procedure.

After receiving both certificates, investors are obliged to proceed with their tax registration, pay business license tax and make their initial capital contribution.

CONSULT WITH US

How can FOSERCO help your business registration in Vietnam?

1) Advise on the most suitable legal entity type.

2) Provide instructions on collecting relevant documents and submission of applications.

3) Act as a local representative to submit your application on your behalf without you being in the country.

4) Provide legal assistance during the business registration set up.

5) Assist in applying for Work Permits.

For a free quotation or more information, contact us now.

Business Support Team

• Tel: (+84) (225) 3 508 430
• Hotline: (+84) (0) 828 508 430
• Email: support@foserco.com