Vietnam has become one of the most attractive destinations for foreign investors due to its growing economy, favorable investment policies, and strategic location in Southeast Asia. Setting up a company in Vietnam allows businesses to tap into a dynamic market with competitive labor costs and numerous free trade agreements. Types of Business Entities in Vietnam Before proceeding with company registration in Vietnam, it is crucial to select the appropriate business structure: Limited Liability Company (LLC): Suitable for small and medium-sized businesses, allowing up to 50 members. Joint Stock Company (JSC): Ideal for larger enterprises requiring multiple shareholders. Representative Office: Enables foreign companies to conduct market research and promotion without engaging in direct commercial activities. Branch Office: A legal extension of a foreign company that can engage in profit-generating activities in Vietnam. Requirements for Company Registration in Vietnam To successfully register a business in Vietnam, investors must meet the following criteria: A minimum of one investor (individual or corporate entity). A registered business address in Vietnam. A designated legal representative who resides in Vietnam. A minimum charter capital (varies based on the industry but no strict minimum requirement in most cases). Steps to Register a Company in Vietnam The company registration process involves several key steps: Step 1: Choose a Business Structure and Name Ensure the company name is unique and adheres to Vietnam’s business naming regulations. Step 2: Prepare the Necessary Documents Application for enterprise registration. Passport/ID copies of investors and legal representatives. Articles of Incorporation and Company Charter. Office lease agreement (if applicable). Step 3: Submit the Application to the Department of Planning and Investment (DPI) The business registration process typically takes 7-10 working days for approval. Step 4: Obtain the Business Registration Certificate (BRC) Once approved, the company will receive its BRC, allowing it to commence operations. Step 5: Register for Tax and Open a Bank Account Obtain a tax identification number (TIN) and value-added tax (VAT) registration. Open a corporate bank account in Vietnam. Step 6: Complete Post-Registration Procedures Apply for necessary business licenses if applicable. Register employees for social insurance. Comply with ongoing tax filing and financial reporting obligations. Compliance and Tax Obligations Once the company is operational, businesses must adhere to Vietnam’s tax and regulatory requirements, including: Corporate Income Tax (CIT): Standard rate of 20%, with incentives for certain industries. Value Added Tax (VAT): Typically 10%, though some goods/services may qualify for a reduced rate. Personal Income Tax (PIT): Applicable to employee salaries based on a progressive rate system. Annual Financial Reports: Companies must submit financial statements and tax declarations. Why Choose Our Services? We offer professional company registration services in Vietnam, ensuring a seamless and efficient setup process. Our expertise includes: End-to-end support in business registration and licensing. Tax and compliance advisory services. Ongoing legal and administrative support to ensure business stability.
