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HOW TO CONVERT A HOUSEHOLD BUSINESS INTO A COMPANY IN VIETNAM? [LATEST 2025 GUIDE]

Updated: May 22

Transitioning from a household business to a company in Vietnam offers business owners increased credibility, scalability, and legal protection. Here's a comprehensive guide on how to convert a household business into a company in Vietnam in 2025, covering documents, procedures, and tax obligations.


HOW TO CONVERT A HOUSEHOLD BUSINESS INTO A COMPANY IN VIETNAM? [LATEST 2025 GUIDE]
HOW TO CONVERT A HOUSEHOLD BUSINESS INTO A COMPANY IN VIETNAM? [LATEST 2025 GUIDE]
  1. DOCUMENTS REQUIRED TO CONVERT A HOUSEHOLD BUSINESS INTO A COMPANY IN VIETNAM

To complete the conversion, you’ll need the following:

  • Original household business registration certificate

  • Copy of tax registration certificate (valid)

  • Company charter

  • Business registration application form

  • List of members or shareholders (depending on company type)

  • Organizational contributor documents (if applicable)

  • Valid personal ID of legal representative and contributors

  • Authorization letter (if someone is assigned to carry out the procedure)


  1. STEP-BY-STEP GUIDE TO CONVERT A HOUSEHOLD BUSINESS INTO A COMPANY IN VIETNAM


STEP 1: PREPARE THE APPLICATION DOCUMENTS

Get all necessary paperwork based on the type of business you intend to establish (LLC, JSC, etc.).

STEP 2: SUBMIT THE APPLICATION

Submit your documents to the local Business Registration Office through one of the following:

STEP 3: APPLICATION REVIEW AND BUSINESS REGISTRATION

  • Processing time: Within 03 working days

  • Valid application: You’ll receive a Business Registration Certificate

  • Invalid application: You will receive a written notice for correction

  • Rejected application: You will be informed in writing with reasons

STEP 4: TERMINATION OF HOUSEHOLD BUSINESS STATUS

Within 02 working days of registration approval:

  • The Business Registration Office sends relevant documents to the district-level office

  • Your household business will be officially terminated


TAX NOTES WHEN YOU CONVERT A HOUSEHOLD BUSINESS INTO A COMPANY IN VIETNAM

When converting, pay attention to the following tax-related issues:

  • New Tax ID (TIN): A new TIN will be issued for the company; the old TIN will be deactivated but remains your personal TIN.

  • Outstanding Taxes: Must be fully paid. Otherwise, the new company inherits those liabilities.

  • Personal Liability: If the conversion is into an LLC or JSC, the household business owner must use personal assets to resolve unpaid debts.


Converting a household business into a company in Vietnam is a strategic move for those aiming to grow. By understanding the legal process, preparing documents properly, and handling taxes responsibly, you can ensure a smooth and compliant transition.


 
 
 

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2024 by VINEX International

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