Company Registration in Vietnam: The Correct Way

Contact Our Consultants
Do not hesitate to establish a company in Vietnam amid the coronavirus outbreak. Carried out online, the process is MUCH FASTER. Free consultation & enjoy 20% OFF if you incorporate this month.

In 1 to 3 months, your company will already be fully established and by that time, the pandemic may have receded. Your business operations can start right away.

How to form a company in Vietnam

Foreign investors can form several kinds of legal entities with a Limited-Liability Company (LLC) and a Joint-Stock Company (JSC) being the most popular choices of company registration in Vietnam.

The legal entity is then categorized based on the percentage of its foreign investment. As most industries in Vietnam allow foreign entrepreneurs to own up to 100% of shares, a Wholly Foreign-Owned Enterprise (WFOE) is a common business structure in Vietnam. International investors can also find a local partner and incorporate a Joint Venture Company with local-foreign ownership.

Available Legal Entity Types in Vietnam

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)

RO is perfect for foreigners wanting to observe the local market and gain market presence before expanding. An RO is not allowed to conduct business activities that generate income and behave like an ordinary company. It is possible for the RO’s head office to sign, adjust/supplement contracts on behalf of foreign company, if s/he is authorised by its legal representative, with the power of attorney being present.

Branch

A branch serves as an extension of its parent company. Owners of branches in Vietnam can conduct all parent company’s commercial activities and make a profit without incorporating a separate legal entity.

The Process of Vietnam Company Registration

The incorporation process of each legal entity type is different and takes from 1 to 3 months.

In general, foreign investors should pursue the process as follows:

  1. International investors are obliged to obtain an Investment Registration Certificate (IRC) from the Department of Planning and Investment (DPI).
  2. An Enterprise Registration Certificate (ERC), is the second mandatory document to be obtained during the registration procedure.
  3. After receiving both certificates, investors are obliged to proceed with their tax registration, pay business license tax and make their initial capital contribution.
Company Registration Vietnam - Legal Entity types in Vietnam

Consult with Us

How can Cekindo help your business registration in Vietnam?

  • Advise on the most suitable legal entity type.
  • Provide instructions on collecting relevant documents and submission of applications.
  • Act as a local representative to submit your application on your behalf without you being in the country.
  • Provide legal assistance during the business registration set up.
  • Assist in applying for Work Permits.

Step-by-Step Guide of Forming Company in Vietnam

  • Submit your inquiry below
  • Receive a response from our legal team within 24 hours
  • Receive a 1-hour free consultation via phone call or a virtual meeting
  • Send us all the required documents
  • Service payment
  • Let our team process your licensing application on your behalf


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
cekindo-testimonials

As a foreinger it is difficult to have a general overview on starting a company in Vietnam, particularly on handling costs, communicating expenses and fiscal. When I reached out to Cekindo, the team was responsive and efficient upon customer requests. Furthermore, the team’s English proficiency helped a lot during the consultation.

Christopher
Founder, Saphire
Clap Tech Limited Company - logo

Not only was the team professional throughout our interactions, they even went beyond their responsibilities to ensure that our company’s needs were fulfilled. We highly recommend their services to any companies who would like to have peace of mind and just focus on their businesses.

Sean Ching
Founder & CEO, Clap Tech Limited Company (Distributor for Tonino Lamborghini Vodka)
cekindo-testimonials

Besides being understanding, patient and kind; Cekindo was extremely efficient and practical as well and guided me every step along the way. I would highly, highly recommend anyone who is either in urgent or not-so-urgent need of obtaining a visa for Vietnam to work with Cekindo. It has been a privilege doing business with them and I know who will be my agents in the future!

Gauthier D'haenens
finchef-testimonial

Cekindo helped us to cover important quarterly reporting when our Chief Accountant suddenly resigned. They did all the necessary paperwork. Fast and reliable.

Jozef M.
CEO of Finchef Co., Ltd.

Herewith we want to express our appreciation to PT. Cekindo Bisnis Grup and their team for all the support on medical devices services so far. We would like to take this opportunity to thank Cekindo for taking the time to listen to our needs. Whenever a need has arisen, we have always received their consistent, timely and quality support. We would not hesitate to recommend Cekindo team for any related activity or services.

My Linh Hoangova
Executive, ELC Group

Selected clients:

Frequently Asked Questions

I would like to expand my business to Vietnam. Can I set up a company there as a foreigner?

What are the company types in Vietnam?

Is there any minimum capital required prior to company registration in Vietnam?

Will I be able to hold 100 percent ownership of a foreign-owned company?

Is there any option how to expand my business without incorporating a company in Vietnam?

I want to set up my company as soon as possible, is there some way to speed up the registration process?

What are the benefits of a local nominee company and shelf company?

I would like to set up a local company, but I do not have a reliable local partner to act as the shareholder. What should I do?

Our Clients Find This Helpful. Please Review.
Rating: 4.6/5. From 48 votes.
Please wait...