Yes, there are several options suitable for investors who wish to expand without forming a legal entity.
Engage Cekindo in your expansion, and relocate your staff or hire Vietnamese professionals without incorporating a legal entity. Cekindo will act as an Employer of Record (EOR), provide recruitment, payroll, business visas and work permits.
Market your product in Vietnam through a local distributor. Cekindo will take care of shortlisting potential traders in Vietnam, and arrange meetings between them and your company.
The main advantage for you is that you do not need to be physically present in Vietnam during the selection and negotiation part.
The process of starting an LLC or JSC in Vietnam takes approximately 1 to 3 months. In case, you wish to open a business as soon as possible, we recommend purchasing a shelf company from Cekindo. As such we can transfer the management control to you within a few working days.
Both local nominee company and shelf company represent fast ways how to incorporate a legal entity and penetrate the Vietnamese market successfully.
A local nominee company is established through a nominee agreement with a trustworthy local partner such as Cekindo. In this case, the company is considered as a local company, requirements for its establishment are not that strict, and it takes around 10 working days to incorporate a local company in Vietnam.
A shelf company is a previously established business with zero business activity and transactions. Investors who purchase a shelf company can start their business operations almost immediately.