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Vietnam company registration

Corporation China offers a complete range of company registration, accounting, legal and business services, providing a complete one-stop solution for starting, maintaining and managing a business in Vietnam.

Types of Legal Entities in Vietnam

Limited Liability Company (LLC)

An LLC is the most common type of legal entity in Vietnam and is an excellent choice for both small and medium-sized enterprises (SMEs). Investors can take advantage of its simple corporate structure, which only requires one founder. An LLC is not allowed to issue public shares or be publicly listed on the Vietnamese stock exchange.

Joint-Stock Company (JSC)

A JSC is recommended for both medium and large-sized businesses since corporate structure be complex and demands a minimum of three founding members. Additionally, the process for registration gets often delayed due to more strict requirements. This type of shareholding company allows the issuance of public shares and can be listed on the public stock exchange.

 

Representative Office (RO)

A representative office is for foreign entrepreneurs who want to observe the Vietnamese market and gain a presence in Vietnam prior to expansion within the country. An RO is not permitted to conduct any business activities that bring income or behave like an ordinary company.

 

Branch

A branch serves as an extension of its parent company. An owner of a branch in Vietnam is allowed to be involved in commercial activities and generate a profit without having to incorporate with a separate legal entity.

 

Company registration process

The incorporation process takes 1 to 3 months.

In general, foreign investors should:

  • Obtain an Investment Registration Certificate (IRC) from the Department of Planning and Investment (DPI).
  • A Business Registration Certificate (BRC), also known as an Enterprise Registration Certificate (ERC), which is the second mandatory document which must be obtained within the registration period.
  • After approval of both certificates, investors must proceed with tax registration, pay any business license taxes and make their capital contribution.
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