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.

Process of Registering a Company in Vietnam

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.

Documents Required for Company Registration in Vietnam

  • 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