Businesses always require quick responses to fast-changing markets and realities. You could be the champion in every industry if you are open to possibilities more rapidly than your competitors.
Time counts, a year, a month or even a day. This applies to every business in the world including Vietnam.
Setting up a company in Vietnam can involve a time-consuming and cumbersome process. However, investors who have no time but needs a company immediately can purchase a shelf company, also known as a ready-made company.
What is a Shelf Company in Vietnam?
A shelf company is a registered company that has been legally formed and has never conducted any business activities, with no assets and liabilities. With that said, the history of the company is clean as well.
Therefore, investors and entrepreneurs can easily purchase this type of company.
Benefits of Shelf Companies
Many benefits come with buying a shelf company in Vietnam. We will name a few of them:
- As a rule, you save your time on company incorporation process as the company has already been registered.
- Cost reduction for starting a brand new company, i.e. startup fees, process fees and specific initial overhead.
- You are able to acquire a full set of corporate documents in a very short time, sometimes within a day.
- For certain business purposes, you will require a shelf company which has had some “age”, i.e. a company that was registered some time ago, in order to build trust and authority. For instance, if you want to set up branches in different regions globally, a brand new company will be perceived as a company with less credibility.
- To obtain access to financial or banking services that new startups are not able to get.
- To enter a bid to qualify for governmental or semi-governmental tenders, you will need to show your company longevity with a trustworthy company profile.
- A shelf company will accelerate an additional bank account opening as compared to startups.
Related article: Benefits that Can Only be Offered by Shelf Company in Vietnam
How to Buy a Shelf Company in Vietnam
Purchasing a shelf company in Vietnam is easy. However, it does not mean that you can take the process lightly. First of all, you need a thorough background check before any final decision.
This is because by purchasing a shelf company, you will also accept the direct liabilities and responsibilities that are undisclosed by unreliable agencies.
We advise you to follow these subsequent steps:
- Seek detailed advice from Cekindo to answer any doubts you may have.
- We will have our expert team to go through and review all the process and an agreement with you.
- Cekindo will prepare and submit application dossier and help you secure your corporate documents of ownership in Vietnam.
Final Note
Do you need a professional representative for your business ideas as soon as possible? Or, do you need an aged company in Vietnam to make crucial contracts? Cekindo has a team of experienced and licensed professionals who can solve that for you and find the best shelf company in Vietnam just for you.
Contact us and get more information about our current offer of shelf companies in Vietnam.