Guide to Establishing a Company in Vietnam - Process, Procedures, and Important Notes
- Vinex Official
- Mar 4
- 3 min read
1. Introduction
Establishing a company in Vietnam is a crucial step to kickstart your business activities. This process requires thorough preparation and a deep understanding of legal regulations. This article provides a detailed guide on the process, procedures, and important notes when setting up a company in Vietnam, including both domestic and foreign-invested enterprises.
2. Types of Businesses in Vietnam
Before establishing a company, choosing the right business structure is essential. In Vietnam, the main types of businesses include:
Single-Member Limited Liability Company (LLC): Owned by one individual or organization.
Multi-Member LLC: Has between 2 and 50 members.
Joint-Stock Company (JSC): Requires at least 3 shareholders, with no maximum limit.
Partnership Company: Requires at least two general partners who share unlimited liability.
Sole Proprietorship: Owned by an individual with unlimited personal liability.
3. Company Formation Process
a. Preparing Documents
The required documents for company registration include:
Business Registration Application: As per legal templates.
Company Charter: Must comply with the chosen business structure.
List of Members or Founding Shareholders: Required for multi-member LLCs and joint-stock companies.
Copies of Legal Identification Documents: Identity card, passport, or business license of members/shareholders.
Investment Registration Certificate: Required for foreign investors or foreign-invested enterprises.
b. Submitting Documents and Receiving Business Registration Certificate
Submission: Submit at the Business Registration Office under the Department of Planning and Investment or through the National Business Registration Portal.
Processing Time: Typically 3-5 working days.
Receiving Certificate: Once approved, the company receives the Business Registration Certificate (BRC).
c. Publicizing Business Information
Within 30 days of receiving the BRC, the company must publish its business information on the National Business Registration Portal.
d. Creating and Registering Company Seal
The company must create an official seal and register its sample with the Business Registration Office. The seal sample is then publicly available on the National Business Registration Portal.
4. Business Registration Requirements
To establish a company in Vietnam, the following conditions must be met:
Legal Eligibility: Founders must not be restricted from business registration by law.
Company Name: Must be unique and not cause confusion with existing businesses.
Registered Office Address: Must be a valid location within Vietnam.
Business Sectors: Must comply with legal regulations, with additional requirements for conditional sectors.
Charter Capital: Must meet the legal capital requirements for specific industries.
5. Post-Registration Procedures
After registration, businesses must complete these additional steps:
Open a Business Bank Account: For company transactions.
Register Digital Signature: Required for e-tax filing and other electronic transactions.
Tax Registration: Declare and pay taxes as per regulations.
Invoice Registration: Apply for paper or electronic invoices.
Capital Contribution: Must be completed within 90 days of receiving the BRC.
6. Considerations for Foreign-Invested Enterprises
Foreign-invested enterprises must take note of:
Investment Registration Certificate (IRC): Must be obtained before business registration.
WTO Commitments Compliance: Required for certain industries.
Foreign Ownership Restrictions: Some sectors require joint ventures with local partners.
7. Business Support Services by Vinex
Company formation involves legal, tax, financial, and administrative complexities. To ensure a smooth startup, Vinex offers comprehensive support services, including:
Advising on suitable business structures.
Drafting and filing business registration documents.
Opening business bank accounts and supporting tax and accounting setup.
Providing corporate secretary services and legal consultancy.
With extensive experience in business support services, Vinex ensures a hassle-free and time-saving registration process. If you need expert guidance or assistance, contact Vinex for the best solutions!
Nguồn: Vinex.com.vn
Comments