Limited Liability Company (LLC)
LLC is the most common legal entity type in Vietnam and an excellent choice for small and medium-sized enterprises (SMEs). Single investors can take advantage of its simple corporate structure, which requires one founder only. LLC is not permissible to issue public shares and be publicly listed on the Vietnamese stock exchange.
Joint-Stock Company (JSC)
JSC is recommended for medium and large-sized businesses as its corporate structure is complicated and requires a minimum of three founders. Furthermore, its registration process is often delayed due to more demanding requirements. This kind of a shareholding company allows its owners to issue shares and be listed on the public stock exchange.
Representative Office (RO)
A representative office is a perfect solution for foreign entrepreneurs who want to observe the local market in Vietnam and gain market presence before expanding to the country. An RO is not allowed to conduct any business activities that generate income and behave like an ordinary company.
A branch serves as an extension of its parent company. Owners of branches in Vietnam can conduct commercial activities and make a profit without incorporating a separate legal entity.