Whether you are an existing or a new player, acquiring an existing company in Vietnam, can be the start of something new when it comes to doing business in Vietnam.
However, the decision to acquire an existing company under your wing can not be taken lightly as it can backfire your initial plan to increase the revenue, especially in the unique market such as Vietnam.
Find Out About Cekindo’s Legal Services in Buying a Company in Vietnam
Business is moving very fast and the competition is getting even tighter. The existing player must renew the strategy and keep up the newest trend to stay ahead while the new player needs to carefully pick the opportunity to enter the market.
Reasons for choosing Vietnam to do business
There are many things to consider before you choose a company to acquire. One of them is the location.
Even though technology has made business able to operate without borders, proximity to the market means a lot to the future opportunity for business’ growth.
You can try to look for opportunities in other countries. One country with a proven business market opportunity is Vietnam.
Vietnam has remarkable performance with the growth of Gross Domestic Product or GDP remains strong, the IMF predicting the Vietnamese economy to continue growing at 6.5% in 2021. This number is even more remarkable with the slowdown of the global market in 2020 due to the pandemic. Compared to other developing countries in Southeast Asia, Vietnam possesses the highest Gross Domestic Product growth.
Vietnam is a very interesting location to expand your business. It is not only because of the GDP growth but also because of the interesting investment climate. For example, the government has applied a favorable regulation for startup companies. The ones in the technology sector, in particular, will be able to enjoy tax exemption for 4 years long and 50% reduction for 9 years.
Why acquiring an existing company in Vietnam is the answer
There are two options to expand or start your business: start from scratch or acquire an existing one. There are advantages and disadvantages of both, but acquiring an existing company has more perks.
Starting from scratch means that you have to deal with lots of paperwork. You also need to establish your brand first before your new company is known by the public.
It is different from acquiring a ready-made company in Vietnam. You can start quickly with the operations. Moreover, you already have established widely known names or brands.
You don’t need to fuss over brand recognition. Your time can be used to focus more on how to get more consumers in order to generate more revenue.
Researching the potential shelf company to acquire
It goes without saying that you are required to do thorough research before deciding what business to acquire. Do your own due diligence before pulling the trigger.
However, you also need to really consider whether the sector you are interested in is really promising in the future.
After that, you can research the potential existing company to acquire. Cekindo has a list of partners in various business sectors that are instantly available for purchase.
Dealing with paperwork
Even though it is easier than starting a new business from scratch, acquiring an existing business still requires you to deal with paperwork.
But worry not, when you decide to purchase an existing company in Vietnam, the process is fast and efficient. Cekindo immediately do the neccesary procedure to transfer the ownership for you according to the Vietnam regulations.
Let Cekindo Make It Hassle-Free for You
To ease the process of acquisition, you can consider using Cekindo, a trusted counselor, advisor, and business partner.
Together with Cekindo, you can get a smoother process of acquisition. You don’t need to deal with hurdles in finishing the legal paperwork.
What is more, when buying a shelf company from Cekindo, you will get an already approved corporate bank account with internet banking, a registration tax number, a legal company address, a set of company registration documents and most importantly, a clean background.
Enter the Vietnamese market right away. But, fill in the form below first to discuss your need of a shelf company and speedy business incorporation in Vietnam.