Background Opening

Expect your Benefits when using our Company Incorporation Service

  • Foreign entity owns up to 100% of investment capital

    We ensure your right to control business in Vietnam without making risky arrangements.

  • Available for both remote and direct services

    We offer both of in-person & online consulting services, which saves your time and effort as well as costs, shortening the time to carry out the procedures in such a way that the fastest.

  • Transparent implementation process

    We guarantee not to incur unreasonable costs. You only need to pay for the service you really need.

  • Prestige& experience

    We successfully support thousands of foreign customers to invest in Vietnam every year.

company in Vietnam

Options for Your Company Registration

foreign cpmpany

Limited Liability Company

LLCs is the most common legal form in Vietnam, they are best suited for super small, small and medium-sized entrerpreneur (SMEs). Almost investors can profit from this simple business model that can be started with only one founder. Multi-member larger LLCs can have up to 50 members. Some advantages include:

  • Limited liability in the amount of charter capital
  • Minimize legal risk
  • Easily raise capital and control operations
  • Easy to manage and operate
  • Simple paperwork

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Representative Office

A Representative Office (RO) offers a low-cost entry for companies seeking to gain a better understanding of the Vietnamese market. As such, this option is among the most common for first-time entrants to the Vietnamese market and often precedes a larger presence within the country. Advantages include:

  • Conducting market research
  • Acting as a liaison office for its parent company
  • Management of Contracts Signed with Local Partners
  • Bank Account for Operations

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Branch Of Company

A Branch is a dependent unit of an enterprise that is responsible for performing all or a part of its functions, including profitable activities within the scope of registered business sectors. Features include:

  • Conclude commercial contracts and other types of agreements on behalf of the parent company;
  • Sell and purchase goods or services on behalf of the parent company in Vietnam;
  • All its activities must be conducted in accordance with the license it was issued;
  • To hire Vietnamese employees or to bring employees from the parent company’s country of residence.

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Joint-stock Company

A joint stock company (JSC) is a legal entity established by at least three founding shareholders. Shareholders of an JSC can be either individuals or organizations, and they hold a quantity of shares which are divided into equal units to make up the company’s charter capital, only responsible for the company’s debts based on the number of shares they own. Main feature include:

  • Limited shareholder’s liability in their share contribution
  • Number of shareholders is not restriction
  • Freedom of ownership transfer & ownership share transfer
  • Shareholders can easily transfer their ownership share
  • Ease of raise stocks or bonds
  • Continued existence despite death of shareholder

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open company in vietnam
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Comparisons of Company’s Type Options for Foreign Investors in Vietnam

Nature

  • Easier way to start a business
  • Ideal for smaller businesses
  • Protection of personal assets
  • Shareholder’s liability: limited to shares

Structure

  • Single-member LLC: 1 shareholder
  • Multi-member LLC: 2 – 50 members

Capitalisation

  • Capitalisation not stipulated
  • Commonly sufficient capital around USD 40,000

Benefits

  • Liability limited to charter capital
  • Less process and operational paperwork
  • Continuation regardless of shareholders’ death
  • Easier capital raising via angel investors, venture capitalists or other financial institutions
  • No double taxing
  • Enhanced business credibility due to its high transparency in operations

Nature

  • Easy setup
  • Ability to gain a presence in the market before setting up an independent company

Structure

  • No need for any shareholder(s)
  • Smaller divisions are commonly found: marketing, finance, human resources, etc.

Capitalisation

  • No capital requirements

Benefits

  • No capital requirements

Nature

  • Allow a business to gain a presence in the market before setting up a limited liability company

Structure

  • No need for any shareholder(s)
  • Local representatives (foreign/local) are sufficient

Capitalisation

  • No capital requirements

Benefits

  • Can recruit employees to handle contracts and promote sales with local partners
  • Can find goods and services purchase opportunities, and can conduct research and develop products
  • License is valid for two to five years and can be renewed, allowing participation in investment activities
  • A foreigner working at a representative office can get a work permit, a two-year multiple temporary residency visa for themselves, as well as their family in Vietnam
  • A cost-saving investment option for foreign investors with no corporate income tax, no added-value tax, no independent audit, and no financial statement
  • Easy to shut down

Nature

  • Easier way to start a business
  • Ideal for smaller businesses
  • Protection of personal assets
  • Shareholder’s liability: limited to shares

Structure

  • Single-member LLC: 1 shareholder
  • Multi-member LLC: 2 – 50 members

Capitalisation

  • Capitalisation not stipulated
  • Commonly sufficient capital around USD 40,000

Benefits

  • Liability limited to charter capital
  • Less process and operational paperwork
  • Continuation regardless of shareholders’ death
  • Easier capital raising via angel investors, venture capitalists or other financial institutions
  • No double taxing
  • Enhanced business credibility due to its high transparency in operations

Nature

  • Easier way to start a business
  • Ideal for smaller businesses
  • Protection of personal assets
  • Shareholder’s liability: limited to shares

Structure

  • Single-member LLC: 1 shareholder
  • Multi-member LLC: 2 – 50 members

Capitalisation

  • Capitalisation not stipulated
  • Commonly sufficient capital around USD 40,000

Benefits

  • Liability limited to charter capital
  • Less process and operational paperwork
  • Continuation regardless of shareholders’ death
  • Easier capital raising via angel investors, venture capitalists or other financial institutions
  • No double taxing
  • Enhanced business credibility due to its high transparency in operations

Nature

  • Easy setup
  • Ability to gain a presence in the market before setting up an independent company

Structure

  • No need for any shareholder(s)
  • Smaller divisions are commonly found: marketing, finance, human resources, etc.

Capitalisation

  • No capital requirements

Benefits

  • No capital requirements

Nature

  • Allow a business to gain a presence in the market before setting up a limited liability company

Structure

  • No need for any shareholder(s)
  • Local representatives (foreign/local) are sufficient

Capitalisation

  • No capital requirements

Benefits

  • Can recruit employees to handle contracts and promote sales with local partners
  • Can find goods and services purchase opportunities, and can conduct research and develop products
  • License is valid for two to five years and can be renewed, allowing participation in investment activities
  • A foreigner working at a representative office can get a work permit, a two-year multiple temporary residency visa for themselves, as well as their family in Vietnam
  • A cost-saving investment option for foreign investors with no corporate income tax, no added-value tax, no independent audit, and no financial statement
  • Easy to shut down

Nature

  • Easier way to start a business
  • Ideal for smaller businesses
  • Protection of personal assets
  • Shareholder’s liability: limited to shares

Structure

  • Single-member LLC: 1 shareholder
  • Multi-member LLC: 2 – 50 members

Capitalisation

  • Capitalisation not stipulated
  • Commonly sufficient capital around USD 40,000

Benefits

  • Liability limited to charter capital
  • Less process and operational paperwork
  • Continuation regardless of shareholders’ death
  • Easier capital raising via angel investors, venture capitalists or other financial institutions
  • No double taxing
  • Enhanced business credibility due to its high transparency in operations

Nominee Director (AKA Legal Representative)
Requirements in Vietnam

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Do I have to be in Vietnam to set up my company?

The answer is no. We can arrange for your company to be set up fully remotely, in your name, and ready to operate as long as all the required documents are submitted.

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What documents are needed to start the process?

  • Passport of Investors, notarized at the Vietnamese Embassy
  • ID/ Passport of Legal Representative of the company notarized in Vietnam or legalized at Viet Embassy in your country
  • Bank statement/Financial document ( balance showing it is larger than the Charter Capital amount and legalized at Viet Embassy in your country)
  • Office Lease Agreement in Vietnam
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What certificates will be issued in order to start operations?

  • Investment Registration Certificate
  • Enterprise Registration Certificate
  • Other licenses/certificates application (if any)
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How to open a Company in Vietnam: The Process

The incorporation process, if you are a foreign-owned company, takes from 40-60 days.
In general, foreign investors should pursue the process as follows:

01.

INVESTMENT
REGISTRATION

International investors are obliged to obtain an Investment Registration Certificate (IRC) from the Department of Planning and Investment (DPI)

02.

CERTIFICATE
REGISTRATION

An Enterprise Registration Certificate (ERC), is the second mandatory document to be obtained during the registration procedure

03.

TAXES & CAPITAL
CONTRIBUTION

After receiving both certificates, investors are obliged to proceed with their tax registration, pay business license tax and make their initial capital contribution

La Défense Highlights

Companies Incorporated

500+

Experienced Professionals

50+

Total Successful Clients

1000+

Contact Experts Free

What our clients say

Almost clients are very satisfied when chose our services. Further more, they also refer us to other customers and use other addition services

Nguyen Thi Lien

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Nguyen Thi Lien

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Mr. John Louis – France Beauty JSCs

We opened a company in Vietnam to supply imported cosmetic products which is very convenient with professional legal support from La Défense. We even have business plans very quickly with the parties when the lawyer advises step by step

Pexels Andrea Piacquadio 3760339

Mr. Harry – German Technology LLC

I and investors have successfully implemented projects on information technology. The law firm has helped us to optimize a lot of costs and easily overcome legal barriers to enter the Vietnamese economic market.

Pexels Christina Morillo 1181391

Mr. Ayice Ravulapalli – Algeria Cosmetic Pharmaceutical LLC

Above all satisfied. Professional lawyer service, quick work settlement. Thanks La Défense team for supporting us.

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Mr. Wong Kin Mun – Singapore F&B LLC

Over than a solution, more than a lawyer’s duty, we have found a reliable legal advisor in Vietnam.

Contact Our Consultants

Please send your question(s) by filling in this form. Our consulting team will quickly answer you via Email for a free consultation.

    FAQs

    Can I set up a company in Vietnam as a foreigner?

    Yes, foreign citizens are entitled to expand to Vietnam and incorporate a foreign-owned company in the country. However, there are certain restrictions and 100 % Foreign Invested Enterprise in Vietnam can be started only in the form of Limited Liability Company (LLC) or Joint Stock Company (JSC). Depending on the type of business entity you want to pursue, there are further regulations for foreigners to follow when establishing a company in Vietnam.

    What are the company types in Vietnam?

    The most common company types are Limited Liability Company known as LLC and Joint Stock Company known as JSC. Both types are suitable for foreigners with an LLC being recommended to smaller companies with a few owners while a JSC better fits big businesses or those that plan to go public.

    Is there any minimum capital required prior to company registration in Vietnam?

    Although the local law does not stipulate the minimum capital, 10,000 USD is commonly considered as the minimum capital investors should prove during the registration.

    Although the local law does not stipulate the minimum capital, 10,000 USD is commonly considered as the minimum capital investors should prove during the registration.

    yes. The Vietnamese law enables foreigners to open foreign-owned companies in most business sectors except for six business fields mentioned in the Negative List, namely:

    1. Drugs and narcotics,
    2. Hazardous chemicals and minerals,
    3. Range of specimens of endangered flora and fauna,
    4. Prostitution,
    5. Human trafficking, sale of human body parts and tissue,
    6. Human cloning or asexual reproduction.
    Is there any option how to expand my business without incorporating a company in Vietnam?

    Yes, there are several options suitable for investors who wish to expand without forming a legal entity.

    • HR Outsourcing
      Engage us in your expansion, and relocate your staff or hire Vietnamese professionals without incorporating a legal entity. La Défense will act as an Employer of Record (EOR), provide recruitment, payroll, business visas and work permits.
    • Local Distributor
      Market your product in Vietnam through a local distributor. La Défense will take care of shortlisting potential traders in Vietnam, and arrange meetings between them and your company. The main advantage for you is that you do not need to be physically present in Vietnam during the selection and negotiation part.
    What is the tax rate in Vietnam?

    Here is an overview taxation in Vietnam:

    Overview To Taxation In Vietnam

    Can I open bank acount without visiting Vietnam?

    Absolutely you can. We will assist you to connect with the bank to carry out the necessary procedures to open a bank account for your company. You just need to join the video call with the bank to verify your signature.

    I would like to set up a local company, but I do not have a reliable local partner to act as the shareholder. What should I do?

    Underestimating the role of a business partner or local nominee are one of the common business mistakes in Vietnam. Choosing a reliable local partner for your company is key to success in the country while reducing the potential risks. La Defense offers local nominee services without any interventions to your business processes. We also allow our partners to terminate the contract sooner that its expiry date.