Posted 3.01. 2020 by Cekindo
Most of us eat out at least once a week, and this is why the restaurant industry is a lucrative business and is thriving perpetually in Vietnam. And of course, we all love to eat and will continue to enjoy food prepared outside of the home. This is also another reason starting a restaurant business in Vietnam is among the most amazing business ideas.
But, you need to know that opening a restaurant requires a lot of effort. However, with assistance from the expert, you can run a successful restaurant business in Vietnam without putting an endless hole in your pocket.
You have a number of options if you are thinking of setting up your restaurant, café or food and beverage business in the country. These options are food and beverage retail stores, restaurants and cafés, catering businesses, or fast food. Restaurants seem to be the most desirable form of food and beverage business in Vietnam due to the prospering tourism that brings in so many visitors every year.
If you are curious about how you can go about starting a restaurant in Vietnam, Cekindo has created a simple guide that helps you navigate through the process.
For foreigners desire to open companies in the food and beverage sector, they must comply with several laws including the Food Law and the Company Law.
The Company Law provides you with the requirements to register your restaurant business in Vietnam, and the Food Law lays out the following mandatory provisions as stated below:
There are a few ways you can opt for to conduct your restaurant or F&B business in Vietnam:
For most entrepreneurs, starting a new business is the most common method.
Here are the simple steps you should follow to register a restaurant business in Vietnam:
1. Choose the right legal entity
2. Find a location for your business with a legit business address
3. Apply for food and beverage licenses and related permits
In addition to all the requirements you must follow, here are the extra golden tips that any restaurant owners should pursue in order to put your restaurant business ahead of the game.
Choosing the right business entity for your restaurant business is the foundation of a successful venture. Your decision affects everything from ownership structure to financing and hiring to tax implications of your company.
Cekindo is here to support motivated entrepreneurs and business owners and help you pick the perfect business structure, create and implement the best formation strategy, as well as providing you with insightful advice for your business operation and growth throughout the entire process.
Serious about your restaurant business in Vietnam? Make one of your business ideas in Vietnam come true. Schedule a consultation with Cekindo right away. Start by filling in the form below.