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Company Formation Services in Vietnam

Setting up a business in Vietnam can be challenging, but it doesn’t have to be. Simplify your Vietnam company formation with a partner who puts your needs first. From representative office setup to complete company registration in Vietnam, we handle the entire company establishment process for you.
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  2. /
  3. Services
  4. /
  5. Incorporation
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  7. Company Formation

Benefits to Expect from Our Company Formation Service

one-stop market entry solution

One-stop market entry solution

Our package includes legal consultation, HR, taxation, and accounting services.
up to 100% foreign owned entity

Up to 100% foreign owned entity

Take complete control over your business with no risks when registering a company in Vietnam.
full transparency

Local
expertise

Our incorporation team has deep-rooted local knowledge and understanding of the Vietnam market.
speed and flexibility

Speed and
flexbility

We act swiftly and decisively on your behalf, cutting through red tape and guiding you with efficient processes.
long term commitment

Long-term
commitment

Work with personal stakeholders in our firm, genuinely committed to your long-term success.
international prestige

International
prestige

As part of InCorp Group, with a presence in 9 APAC countries, we enhance your global reputation.

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
Talk to Our Experts

Simplify Business Setup in Vietnam with Our Video Guide

step divider line

STEP 1
Choose a Business Option

If you’re planning to start a company in Vietnam, you’ll have four options: LLC, RO (Representative Office), BO (Branch Office), and JSC (Joint Stock Company). Opening a foreign company in Vietnam involves different requirements and procedures, which typically takes between one and three months.

STEP 2
Choose a Business Location

To set up a company in Vietnam, you’ll need a business location. Besides using your own address or leasing office space (with restrictions), consider these options:

  • Serviced Office & Coworking Space: Quick and easy-to-set-up office locations across Vietnam with minimized costs for opening a new company in Vietnam.
  • Virtual Office: Start a company in Vietnam using a virtual address for seamless company formation.

STEP 3
Apply for Necessary Documents

Once you’ve chosen how and where to set up your business, follow these essential steps for your Vietnam company registration:

  • Determine capital, declare investment, and obtain the IRC: Our company registration consultants will figure out your capital needs and secure the IRC.
  • Obtain the ERC through a business license application in Vietnam: Our team will log your business into the Vietnam company registry and ensure compliance every step of the way.
  • Apply for your company’s trademark (TM): Trademark application is time-consuming and should be done as soon as your business is registered.

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.
Download Now
vietnam business setup checklist

Nominee Company: How to Start a Local Company

What is a Nominee Company?

A local nominee company is a business established by a local representative (custodian) of a foreign investor or business. Together, the two parties sign a custodian agreement, enabling the representative to manage securities and assets on behalf of the foreign entity. This approach simplifies starting a business in Vietnam and involves a company formation lawyer or consultant who ensures compliance with local regulations.

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)
Talk to Our Experts

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 for business in Vietnam.

step 2 book a consultation

Book a Consultation With Our Experts

Go over your plan with one of our bilingual business consultants who specialize in business license in Vietnam.

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.

Talk to Our Experts

Frequently Asked Questions on Company Formation in Vietnam

Can I set up a company in Vietnam as a foreigner?

Yes, foreign investors looking to register a company in Vietnam can establish a foreign-owned company here. The most common type is an LLC (Limited Liability Company), known for its straightforward structure and quick setup process for Vietnam company registration. Depending on your business type, specific regulations apply.

What are the company types available in Vietnam?

You can open a new company in Vietnam as one of four entities: Limited Liability Company (LLC), Joint-stock Company (JSC), Branch Office and Representative Office.

Is there any minimum capital requirements for Vietnam company formation?

While Vietnamese law does not specify a minimum capital requirement, having around 25-30,000 USD is typically advised to ensure smooth incorporation and business operations.

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

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.

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

Yes, there are several options suitable for investors who wish to open a foreign company in Vietnam and expand without forming a legal entity.

  • HR Outsourcing: We can assist in your expansion by managing recruitment, payroll, and work permits as an Employer of Record (EOR).
  • Local Distributor: Market your product in Vietnam through a local distributor selected by InCorp, saving you from being physically present during negotiations.

I want to set up a company as soon as possible, is there a way to speed up the incorporation process?

Setting up an LLC or JSC in Vietnam typically takes 40-60 days. To expedite the process, consider purchasing a shelf company from InCorp for a quicker operational start-up. This method allows InCorp to open a new company in Vietnam and transfer the management control to you within a few working days.

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

Both options offer quick incorporation and entry into the Vietnamese market. A local nominee company involves a partnership agreement with a trustworthy local partner, while a shelf company allows immediate business operations without the typical setup process.

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

Choosing a reliable local partner for your company is key to success in the country while reducing potential risks. InCorp offers local nominee services without any intervention in your business processes. We also allow our partners to terminate the contract sooner than its expiration date.

Does InCorp offer market entry and corporate services outside Vietnam?

Yes, InCorp Group extends its market entry and corporate services across 8 APAC countries. Whether you’re entering Singapore, Australia, Hong Kong, India, Indonesia, Malaysia, the Philippines, or Vietnam, we help entrepreneurs expand their business horizons by opening representative offices in Vietnam.

one incorp eight markets ebook

Clients are the Focus of Our Actions

  • aleph logo
    Aleph team had a wonderful experience working with Morgan, Rachel, Hana & Amy from InCorp. They’re thorough and provide excellent support and professional advice. Working with tedious requirements of the local documentation, InCorp team really eases the process and provide throughout complete support. Really enjoy working with InCorp team, being really professional nad communicating well in English.
    Avee Wee
    Finance Director, Aleph-Labs
  • goruck incorp vietnam
    We worked through every issue seamlessly. Payroll has been a breeze, accounting and banking has gone very smoothly and the patience and professionalism shown has been greatly appreciated. This is an easy 5-star recommendation from me (MD Asia) and GORUCK for InCorp and the services they provide.
    Michael Okerman
    Managing Director, GORUCK Asia
  • wylice incorp vietnam
    Everything from payroll, taxes, HR conformance, and even help with general Vietnamese cultural insights — they’re always available. They help me without "nickel and diming" me and they truly go above and beyond. I usually travel to Vietnam 2x a year. For the past 5 years I have explored their competitor’s services and pricing. As a small business owner I have to see if better, and cheaper, options exist. I have yet to find a better option than InCorp.
    Kristopher Phillipson
    Managing Director, Wylice Asia
  • huber partners incorp vietnam
    InCorp Vietnam has been a great business consultancy that has provided helpful support ot our business. We particularly appreciate the expertise and dedication of their business consultant Jenny, and Rachel from the Legal team, who have been an important part over the past few months.
    Huy Dieu
    Founder, Hubert + Partners
  • pmg group incorp vietnam
    We have partnered with InCorp for more than 3 years and have gotten strong support from the team across Finance, HR, and Legal matters. Great work and look forward to further collaboration.
    Adrian Chong
    Vietnam Country Head, PMG Asia Pacific
  • 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
  • hop crepes incorp vietnam
    Thank you for your very professional services and help to implement a company in Vietnam for foreigners. Gladly recommend InCorp services for anyone unfamiliar with Vietnamese business practices and willing to open a company there!
    Jérôme Bessard
    Associate, Hop! Crepes
  • european vietnamese it organization
    I recently had the pleasure of working with InCorp Vietnam, and I can confidently say that they are a professional company that truly values their partners. From the moment I reached out to them, they were responsive, attentive, and went above and beyond to provide value to our project.
    Adam Skoneczny
    Executive Chairman, European & Vietnamese IT Organization
  • 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
  • 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
  • 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
  • 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

Other Services You Might Need

incorp vietnam legal advisory

Legal Advisory

Ensure compliance by obtaining all necessary licenses and sublicenses for your company setup process in Vietnam.
incorp vietnam accounting taxation

Accounting & Taxation

Save time and money with full-service accounting services that ensure compliance with Vietnam’s regulations.
incorp vietnam hr payroll

HR & Payroll

Outsource your recruitment, payroll, insurance, and tax needs when opening a business in Vietnam.
incorp vietnam immigration

Immigration

Navigate entry requirements and obtain permits for investors, businesses, and residence with guidance from InCorp’s company formation lawyer.
Learn More
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Meet Our Experts

jack nguyen incorp vietnam

Jack Nguyen, CPA, CA

Chief Executive Officer
View profile
anna nhung le incorp vietnam

Nhung Anna Le

Chief Operating Officer
View profile

Benny Nguyen

Head of Business Development
Head of HR & Payroll Services
View profile

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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