Establishing a Joint Stock Company in Vietnam

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Due to the more complicated corporate structure and requirements, a Joint Stock Company, also known as a JSC, is ideal for medium and large enterprises in Vietnam.

Even though the requirements are more demanding, a Joint Stock Company is preferred by the majority of large companies because it allows its owners to issue shares and list them on the Vietnamese stock exchange, and change ownership easily.

How a Joint Stock Company is Defined in Vietnam

In accordance with Vietnamese Law, a Joint Stock Company is only possible to be set up through equal portions of shares. Furthermore, this kind of company requires at least three shareholders for its establishment.

Furthermore, a Joint Stock Company can be established by any investors, both local and foreign. It can be owned 100% by foreign investors. But, it also allows a joint venture between foreign investors and local investors.

The Mandatory Corporate Structure

To comply with the applicable regulations, it is compulsory for a Joint Stock Company to have a Management Board that is supervised by an annual general meeting and an inspection committee, a Chairman of the Management Board and a Director who will also play the role of the company’s Legal Representative.

Benefits of a Joint Stock Company in Vietnam

Among the many benefits of setting up a Joint Stock Company in Vietnam, here are the most notable benefits that can be enjoyed:

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Personal benefit for shareholders
In case of bankruptcy or debts, each shareholder is only liable for the amount of loss or debts that does not exceed their contribution.

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No restriction on number of shareholders
A JSC can have as few as three shareholders, 100 shareholders or even 500 shareholders or more.

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Freedom of ownership transfer
Shareholders are allowed to transfer their ownership of shares to others without the consent from the other shareholders.

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Continued existence
In the event of the death of a shareholder or several shareholders, a JSC will not cease to exist.

Requirements for Registering a Joint Stock Company in Vietnam

Investors who intend to register a JSC must satisfy the following requirements:

  • A bank certificate as proof of funds.
  • Proposal of investment project.
  • Documents required for an Investment Registration Certificate application.
  • Personal details of every shareholder and their respective amount of shares.
  • Legal status certificate for all founding shareholders.
  • A capital bank account.
  • Proposal of land use.
  • A Foreign Investment Certificate.
  • Financial statements that have been audited.
  • Submission of annual return.

How Cekindo Can Assist You

If you think that a Joint Stock Company is what you need for your business in Vietnam and would like to request for further information on its establishment process, contact us by filling in the form below. One of our consultants will be in touch with you shortly.

Contact Our Consultant

Please send your question(s) by filling in this form. Our consulting team will quickly answer you via E-mail. Feel free to visit our office to get more details about our services.

Selected Testimonials

ryker-logo

Cekindo has been a great help in the incorporation of our company in Vietnam by providing useful information and clear explanation on complicated regulatory procedures. The team went the extra mile by helping us to clarify on other matters pertaining to Vietnam, and proactively helped us to liaise with the respective internal functions on our queries and responded promptly.

Louis Koh Kay Boon
CEO, Ryker Company Limited
Vietnam-import-export-company-logo

It was our pleasure to deal with Cekindo. Indeed, the company with its specialised team was at the highest level of professionalism in dealing with customers and was serious in providing assistance and advice. Many thanks to Cekindo and all the team members. I wish you lasting success in the years to come.

Amer
CEO, Vietnam Family Import Export Company Limited
Shewutrade logo

Cekindo has assisted our company with company registration and nominee director services. Everything has gone smoothly and we wish to have further support in the future. Thank you Cekindo.

Sophie
Founder, Shewutrade Group
Adgorithmics logo

Cekindo Vietnam’s team has always been very responsive and helped us with sense of urgency. We have never been disappointed with Cekindo’s services.

Yasuhiro
Founder, Adgorithmics
cekindo-testimonials

I have successfully received the TRC permit for me and my family, thanks to Cekindo team’s dedication and perseverance. We had some bumps along the way but we got it done, good job. I worked with different consulting companies in the past, outside of Vietnam, Cekindo is one of the most responsive and agile.

Nadav Sarel
Founder & CEO, Telestar Limited Liability Company

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