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Company Formation Services in Vietnam

Company formation in Vietnam can be difficult, but it doesn’t have to be. Streamline your business incorporation process in Vietnam with a market entry partner who puts your needs first.
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Benefits you can expect when using our Company Formation Service

up to 100% foreign owned entity

Up to 100% foreign owned entity

Complete control over your business with no risks.
full transparency

Full
transparency

Only pay for the services you need, when you need them.
one-stop market entry solution

One-stop market entry solution

Includes legal consultation, HR, taxation, and accounting.
international prestige

International
prestige

As part of InCorp Group, we have a presence in 8 APAC countries.

Your Vietnam Company Formation Options

Limited Liability Company (LLC)
Representative Office (RO)
Branch Office
(BO)
Joint-stock Company
(JSC)
Applicable All investors All members of WTO All investors All investors
Minimum Capital Depending on the business activities No requirements No requirements If trading on stock market, minimum 10 billion VND (~US$ 440,000),
Minimum Number of shareholders ≥ 1 (individual or corporate) Owned by head office Owned by head office ≥ 3 (individual or entity)
Limited Liability Protection
Import- Export Activities
Be a Shareholder of Another Entity
Conversion to other entity type
Corporate Income Tax Depending on the business industries No business activities that yield profit Depending on the business industries Depending on the business industries
Benefits
  • Easiest to set up
  • Easy to raise capital
  • Less paperwork
  • No capital requirements
  • Eligible to hire employees
  • Research target market
  • Same structure as original entity
  • Legal representative can get more permits
  • Shareholders only limited to liability of their investment
  • Easy to transfer shares

Simplify Business Setup in Vietnam with Our Video Guide

STEP 1
Choose a Business Option

If you’re planning to start a 100% foreign-owned business in Vietnam, you’ll have four options:

  • Limited Liability Company (LLC)
  • Representative Office (RO)
  • Branch Office (BO)
  • Joint-stock Company (JSC)

Each entity has different formation requirements and procedures, which can take one to three months.

STEP 2
Choose a Business Location

To incorporate in Vietnam, you need a business location. Besides using your own address or leasing office space (with restrictions), you can also explore:

  • Serviced Office & Coworking Space: Quick and easy-to-set-up office locations across Vietnam with minimized costs
  • Virtual Office: Start a company without being present in Vietnam through a virtual address

STEP 3
Apply for Necessary Documents

Once you have selected the format and location of your business, you need to navigate key steps for your Vietnam company formation, including:

  • Determining capital and obtaining the IRC (declaring your investment)
  • Obtaining the ERC (declaring the establishment of the company)
  • Apply for your company’s trademark (TM)

STEP 4
Conduct Post-incorporation Procedures

  • Opening a company bank account
  • Publish tax information and paying business license tax
  • Set up e-invoice
  • Injecting investment capital
  • Installing a company sign at the business location
  • Obtaining other necessary permits and licenses depending on your business activities
  • Applying for work permits and residence cards (if you plan to stay in Vietnam)
pdf guide background

Guides

A Comprehensive Checklist to
Set Up a Business
in Vietnam

The ultimate guide to expanding and setting up a business in Vietnam.

Nominee Company: How to Start a Local Company

What is a Nominee Company?

A local nominee company is a company set up by a local representative (custodian) of a foreign investor or business. Together, the two parties sign a custodian agreement (or a nominee arrangement) so the representative can manage securities and assets on behalf of the foreign entity. In short, this company is considered a local company and enjoys the included benefits.

Why Choose a Nominee Company

  • Fewer licenses or permits required (in specific business lines)
  • Shorter company formation process
  • Access to certain restricted business sectors
  • No yearly FDI audits required
  • Fewer compliance obligations to fulfill (varies between cases)

Your Success Plan in Vietnam

step 1 submit your information and needs

Submit Your Information & Needs

Tell us about your company’s needs and aspirations in Vietnam

step 2 book a consultation

Book a Consultation With Our Experts

Go over your plan with one of our bilingual business Consultants

step 3 verify kyc documents

Verify KYC Documents

Our consultants will contact you to process the necessary paperwork and create your company dossier

step 4 choose a plan and succeed

Choose a Plan & Succeed In Vietnam

Let us simplify your business journey and make your mark in APAC’s fastest-growing economy

Frequently Asked Questions on Company Formation in Vietnam

Yes, foreign investors who want to expand to Vietnam can set up a foreign-owned company in the country. The most common type of company setup for foreign ownership is an LLC (Limited Liability Company) due to its simple business structure and faster setup timeline. Depending on the type of business entity you want to pursue, there are further regulations for foreigners to follow when establishing a company in Vietnam.

For Vietnam company formation, there are four types of entities: Limited Liability Company (LLC), Joint-stock Company (JSC), Branch Office and Representative Office.

Although local laws don’t stipulate any minimum capital, 25-30,000 USD is commonly considered as the minimum capital investors should obtain to ensure smooth incorporation and business activities.

Yes. The Vietnamese law enables foreigners to open 100% foreign-owned companies in most business sectors. There are a few business sectors that you are restricted from, namely the following:

  1. Drugs and narcotics,
  2. Hazardous chemicals and minerals,
  3. Range of specimens of endangered flora and fauna,
  4. Prostitution,
  5. Human trafficking, sale of human body parts and tissue,
  6. Human cloning or asexual reproduction.

Yes, there are several options suitable for investors who wish to expand without forming a legal entity.

  • HR Outsourcing
    Allow us to assist in your expansion, and relocate your staff or hire Vietnamese professionals without incorporating business entities. We can act as an Employer of Record (EOR), provide recruitment, payroll, and work permits.
  • Local Distributor
    Market your product in Vietnam through a local distributor. InCorp will take care of shortlisting potential traders in Vietnam, and arrange meetings between them and your company. The main advantage for you is that you do not need to be physically present in Vietnam during the selection and negotiation part.

The process of starting an LLC or JSC in Vietnam takes approximately 40-60 days. If you want to start operating a business as soon as possible, we recommend purchasing a shelf company. With this method, InCorp can transfer the management control to you within a few working days.

Both local nominee companies and shelf companies are fast ways to incorporate business entities and penetrate the Vietnamese market successfully. A local nominee company is established through a nominee agreement with a trustworthy local partner such as InCorp. In this case, the company is considered as a local company, requirements for its establishment are not that strict, and it takes around 10 working days to incorporate a local company in Vietnam.

A shelf company is a previously established business with zero business activity and transactions. Investors who purchase a shelf company can start their business operations almost immediately without going through the company formation process in Vietnam.

Underestimating the role of a business partner or local nominee are one of the common business mistakes in Vietnam. Choosing a reliable local partner for your company is key to success in the country while reducing the potential risks. InCorp offers local nominee services without any interventions to your business processes. We also allow our partners to terminate the contract sooner that its expiry date.

Yes, InCorp Group offers market entry and corporate services in 8 countries across APAC: Singapore, Australia, Hong Kong, India, Indonesia, Malaysia, the Philippines, Vietnam. We help entrepreneurs, investors, and business pioneers venture into these vibrant markets and expand their business horizons. Get started with our exclusive APAC Incorporation eBook below!

one incorp eight markets ebook

Clients are the Focus of Our Actions

  • barber mullan incorp vietnam
    Besides being understanding, patient and kind, InCorp Vietnam was extremely efficient and practical as well and guided me every step along the way.
    George
    Barber Mullan & Associates
  • hex trust incorp vietnam
    I’ve been working with InCorp Vietnam in Vietnam for over 1 year now, and I find them to be very "user friendly" to partner with, being quite tuned into the local market, thus offering us effective options for execution through efficient means of communication. If you’re in the market for setting up your new company in Vietnam with relatively smooth passage, then consider InCorp Vietnam.
    Marty Jetton
    COO, Hex Trust
  • family import export company incorp vietnam
    It was our pleasure to deal with InCorp Vietnam. 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 InCorp Vietnam and all the team members. I wish you lasting success in the years to come.
    Amer
    CEO, Vietnam Family Import Export Company Limited
  • belive incorp vietnam
    We had a great experience entering a new market with InCorp Vietnam. Professional and always there to help! 11 thumbs up!
    Latif Sim
    Founder, BeLive Technology
  • ryker company limited incorp vietnam
    InCorp Vietnam 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

Other Services You Might Need

incorp vietnam legal advisory

Legal Advisory

Obtain all the necessary licenses and sublicenses for doing business in Vietnam.
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Accounting & Taxation

Save time and money while ensuring compliance with full-service accounting services.
incorp vietnam hr payroll

HR & Payroll

Comprehensive outsourcing services for recruitment, payroll, insurance, and taxes.
incorp vietnam immigration

Immigration

Navigate entry requirements and obtain permits for investors, businesses, and residence.

Meet Our Leaders

Jack Nguyen, CPA, CA

Chief Executive Officer
Group Head of HR and Payroll Services

Nhung Anna Le

Chief Operating Officer

Martin Tran

Business Consultant Manager

Let us simplify the process. Send us an inquiry.

If you are looking for a robust foundation to ensure the success of your business in the region,
don’t hesitate to get in touch with us here.
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