Buy Shelf Company in Vietnam

Updated on Tuesday 24th August 2021

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Vietnam is one of the most productive economies in Southeast Asia and in the world, according to several international reports. This is a strong reason for many investors to want to start a business here. The difficult part comes when choosing the structure to operate under. Apart from the limited liability company, which is the most common type of company formation in Vietnam, there are also specific business forms specifically designed for foreign investments which benefit from certain incentives.
For those seeking a faster alternative to incorporating, there is the possibility of buying a shelf or ready-made company. This is a business form “sitting on a shelf” without any previous activity. That's right. If you seek the fastest and most efficient way to start a business, then a shelf company could be your best option. 

Taking advantage of company formation in Vietnam

As you can start to sense, opening a shelf company sounds like a good strategy when speed is your way to go. So, what does exactly a shelf company is?

A shelf or ready-made company is a corporate structure legally formed that is, as we said,  metaphorically "sitting on a shelf." This means it is not undergoing any activity, neither having assets or liabilities.

So, this is a ready-made company in Vietnam that has been registered in a standard, generic manner so that a potential buyer can tailor it to the needs of its business. All these advantages without having to go through the whole company incorporation process in Vietnam. And if you are working with the right experienced incorporation agents, like ours, it also means the company has a perfect-clean history. This is because we will go through a thorough background check of the shelf company, before any final decision. It will assure that the shelf company is entirely clean and have a clear path to your business.

So from "sitting on a shelf" without any previous activity, this company will offer you the quickest way to enter the Vietnam market. In addition, our Vietnam company formation consultants can provide more information on the shelf companies available for sale in this country.

What are the steps for buying a shelf company in Vietnam?

Before acquiring a shelf company in Vietnam, a foreign enterpriser must first conduct a thorough search in order to find the best option. The search should be based on the entrepreneur’s requirements and could depend on the age of the company, whether it has or not a VAT number and the activities the business person wants to carry out through it. Our company registration specialists in Vietnam can help investors choose the right type of shelf company based on these criteria.

Following the selection of the Vietnam ready-made company, the sale-purchase agreement must be drafted and signed. The enterpriser will then bring all the changes he or she wants to the recently purchased shelf company.

These changes can imply:

-          alteration of shareholders’ names;
-          changes in the company’s management;
-          changing the company’s business address.

One should not forget to announce these changes to the Business Register in Vietnam.

So, your steps will be:
  1. Defining your goals and first actions
  2. Search based on your needs
  3. Choosing your best option from our list; our Vietnam company formation consultants can offer more information on the shelf companies available for sale in this country;
  4. And, change it to your company details

And that’s it! As quick as described!. Your company will now have an open door to the Vietnamese market. You will be ready to start your business!

Why purchase a ready-made company in Vietnam?

Buying a ready-made company is much simpler than setting up a new business in Vietnam. Apart from this, there are other reasons why one can buy a shelf company rather than register a new one:

-          the shelf company already has a tax and VAT number;
-          the shelf company has credibility which is very important on the Vietnamese market;
-          the shelf company can be helpful to those interested in obtaining financing.

Let’s take a deeper look. We all know that in business opportunities, time and speed are crucial to success. But creating businesses that hold strong through the years almost always requires quick responses to fast-changing markets. 
Every second spent counts. And all these rules, of course, apply in the Asian and Vietnamese markets.

As you can imagine, setting up a company in Vietnam involves time, lawyers, meetings, and processes.
However, investors do not have time for it. What do they have, is the need and urge to start their business right away.
That's when a shelf company in Vietnam is the way to go. Here are some other reasons that will catch your attention:
1. Credibility and Confidence
Setting up a company in Vietnam with a shelf company will help you to penetrate the market with a strong foot. As any businessman can understand, a company that holds credible features is a company with advantages in the market. Especially when credibility is essential in Vietnam's market. A company that has been in existence for several years, attracts business partners and consumers more efficiently in comparison to a new company in Vietnam.
This is where you can be relieved! Shelf companies in Vietnam offer longevity that will boost possible investor's and consumer's confidence in your business. Moreover, it provides the opportunity to hold a reputable position in the market and probably having trustworthy relationships. All this resulting in more interested investors and more consumers at your front desk.
2. Open financial market
Having an aged company has even more advantages! It will also make your business more likely to enter the financial market in Vietnam. Let's go through it. If you decide to start your company formation in Vietnam from scratch, you will have to pass through the waiting period for a bank account to be arranged. That, when you can have, by doing business through a shelf company, a business in a stronger position to access a loan, opening a bank account, and even obtaining financing from banks and possible investors.

And you can even find that more than in one opportunity, your shelf company in Vietnam can already have a bank account. So starting to run your business is around the corner.
3. Speed
As we said before, businesses and markets don't wait. That's why many companies run away from company incorporation in Vietnam. With a quick process, you can have immediate contracts and sales.  It will already have a tax and VAT number. Shelf companies in Vietnam will only require the transfer of title and ownership, which can be very quick. Leaving you with a clear path without delays and transfer time from setting up a new company in Vietnam

Vietnam facts and figures

- Vietnam averaged over 20,000 new companies registered between 2015 and 2018.
- Vietnam is the 17th freest economy in Asia, according to the Index of Economic Freedom.
- Vietnam’s economy is projected to grow by 6.7% in 2021.

Our Vietnam company formation agents have a wide variety of shelf companies ready to be sold. You can also contact us if you are interested in purchasing a ready-made company in Vietnam.