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