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Register Your Company in Vietnam

Are you looking to register a company in Vietnam? Registering a company in Vietnam may appear complex especially for foreign companies. AISC is here to help you make a proper plan and proceed to successfully register your company in Vietnam

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Understand the Types of Companies in Vietnam

Limited Liability Company (LLC); Joint-Stock Company (JSC); Partnership; Representative Office; Branch Office

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Preparation Stage
  • Determine Business Activities: Decide on the business activities and ensure they comply with Vietnamese law
  • Choose a Business Name: The name must be unique and compliant with naming regulations
  • Find a Legal Representative: The company must have at least one legal representative residing in Vietnam
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Documentation

Prepare Necessary Documents: Business registration form; Charter of the company List of members and their details (for LLCs and JSCs); Identification documents of the founders; Office lease agreement; Bank statement proving sufficient capital

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Submission
  • Submit Application: Submit the application for business registration to the Department of Planning and Investment (DPI) in the province/city where the company is located
  • Pay Registration Fee: Pay the required registration fee
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Post-Registration
  • Obtain Business Registration Certificate: Usually issued within 3-5 working days
  • Seal Engraving: Order a company seal and register it with the Business Registration Office
  • Tax Registration: Register for tax at the local tax office and obtain a tax code
  • Open a Bank Account: Open a corporate bank accoun
  • Additional Licenses: Depending on the business activity, additional licenses may be required

Types of Businesses Requiring a Local Partner and JSC Registration

Broadcasting and Media

Requirements: Foreign ownership is restricted to 49% in television broadcasting services. Local Partner: A local partner is required to hold the majority share

Logistics Anh Freight Forwarding

Requirements: Foreign investors are restricted to owning a maximum of 49% in logistics companies. Local Partner: Necessary to have a local partner with a controlling interest.

Advertising

Requirements: Foreign investors can only hold up to 99% of the capital in an advertising company, but practical constraints necessitate local partnerships to ensure compliance with local laws and effective market penetration. Local Partner: Typically required to navigate regulatory and market entry challenges, as well as to provide insights into local consumer behavior.

Real Estate

Requirements: Foreign ownership in real estate businesses is capped at 49%. Local Partner: Essential to have a local partner who holds the majority stake.

Education

Requirements: Foreign ownership in higher education institutions is restricted. Local Partner: Often required to comply with ownership regulations.