Company Registration in Vietnam

Why Register a Company in Vietnam?

Vietnam is committed to achieving higher GDP growth rate with time, and has consequently taken steps to liberalize the economy. Vietnam is a member of the Association of Southeast Asian Nations (ASEAN) and the World Trade Organization (WTO).
Vietnam is stable politically and socially, with a government that promotes foreign investment.
The population in Vietnam is young, skilled and educated, so sourcing workforce here is simple. Vietnam is on its way to a fortuitous demographic dividend.
Vietnam lies in the centre of ASEAN and has many sea ports. This lends it a strategically advantageous geographical location.

A company in Vietnam can be registered through the following steps:

Decide upon a legal structure for the company: private enterprise, partnership, limited liability company (LLC), joint stock company (JSC), branch office, or representative office.
Based on the company structure, decide upon the number of directors and shareholders for it.
Finalize a name for the company.
Submit Vietnam company registration documents, duly signed by the partners.
Contact the Vietnam Department of Planning and Investment, the pertinent provincial tax department, and the Department of Public Security – to apply for a business registration certificate and company seal.
Get the company registered for a tax code.
Approach the Vietnam Registrar of Companies to complete the registration.

Memorandum and Articles of Association, approved by the government
Company application form
Original share certificates
Copies of the passport and ID of the director and the shareholders
Original receipt of payment of annual Vietnam company registration and licence fee
Company registered address proof