Posted 11.06. 2019 by Cekindo / Last update on 29.01. 2020
As one of the fastest-growing economies in the world and the third largest market in Southeast Asia, Vietnam had a foreign direct investment of US$17.5 billion in 2017 alone. The growth momentum of FDI continues until the present day, making the country a hotspot for foreign entrepreneurs and investors. This article compiles a list of the most popular questions related to investment opportunities and company registration in Vietnam.
The most common investment vehicles to foreign investors are the limited liability company, the joint-stock company and the business-cooperation contract. By far, the limited liability company is the best option for foreigners doing businesses or investing in Vietnam.
Setting up a foreign limited liability company often involves two (2) critical steps:
The entire setup process takes approximately one month or may be more, starting from the day of submission of a complete application dossier.
You do not need to be physically present during the company registration process. Cekindo can handle the procedures for you based on the Power of Attorney authorised by you.
For other procedures after the licensing process, such as the company bank account registration, the legal representative of the newly registered entity must be present in Vietnam.
Cekindo will be able to provide a list of required documents, until we have identified your specific circumstances of setting up a company in Vietnam.
For most cases, the legal representative shall reside in Vietnam as a resident. A foreigner is considered a resident once he/she has lived in the country for at least 183 days.
The corporate tax rate in Vietnam is 20%.
At the end of each financial year, foreign investors are allowed to remit their profits. They can also do so upon the termination of their investments in Vietnam. If the company has suffered losses, profits cannot be remitted.
You can contact Cekindo for all the legal services and business consultation you need to jumpstart your investment in Vietnam.
Our comprehensive range of services includes company registration, drafting agreements, license application, negotiation assistance, trademark registration, and other critical legal supports.
Get in touch with us by filling in the form below and seize the Vietnam investment opportunities.