Private investments have transformed Vietnam into one of the most powerful economies in Southeast Asia, a factor which is decisive for foreign enterprisers looking for countries with good economic results to start a business in. Vietnam is one of these countries, as the legislation related to foreign investments is very welcoming.
Foreign investors who want to set up companies in Vietnam can choose between several industries which are performing quite well at this moment. Among them, manufacturing, tourism, services and construction are the most significant.
We also invite you to watch our video on company formation in Vietnam:
Our company formation consultants in Vietnam can offer information on the Investment Law and the Enterprise Act, the most important laws related to starting a business here. In case you want to start your company in Vietnam as fast as possible, we invite you to use our company incorporation tool:
No minimum capital requirements for setting up a company in Vietnam
Which is one of the most important aspects taken into consideration by investors who want to establish companies in Vietnam. Together with the fact that the Enterprise Law provides for the two most popular types of structuresfor company incorporation, Vietnam is one of the most appealing countries to create a business in.
Speaking about company types, our Vietnam company registration agents remind foreign enterprisers they can open private enterprises, partnerships, limited liability companies and joint stock corporations. The limited liability company can be registered as a one-member or multiple-member company in Vietnam.
Particularities when opening a company in Vietnam
Apart from being allowed to set up one of the types of companies acknowledged by the Enterprise Law, foreign investors can also choose one of the special business forms covered by the Investment Act which provides for joint ventures, business cooperation contracts and several types of arrangements with local companies.
Documents related to setting up a company in Vietnam
Foreign investors who want to establish companies in Vietnam are required to prepare a set of documents and file them with the Business Registration Office. The most important ones are the Memorandum and Articles of Association which must be drafted before a public notary. Following that, the business owner must have a company seal made.
- a list with the name of the shareholders; - a document which states the financial assets brought by each shareholder; - a feasibility study; - a document which explains how the project of the company will comply with the legislation; - an announcement about the registration of the company which must be published three times in row in a local newspaper.
These documents must be filed with the Business Registration Office, following which the company must open the bank account, register with the tax authorities and apply for the licenses which will allow the business to carry out its activities.
If you want to open a company and need help with thecompany registration procedure, please feel free to contact our local agents.