Vietnam Company Set Up Service
Looking to set up a company in Vietnam as a foreign investor? Nova Law offers professional company set up services to streamline the process and ensure your business is legally sound from the very beginning.
Looking to set up a company in Vietnam as a foreign investor? Nova Law offers professional company set up services to streamline the process and ensure your business is legally sound from the very beginning.
✅ Can do business in Vietnam
✅ Can get a tax deduction
✅ Can enjoy incentives from FTAs
✅ Can get a long-term visa
Total time: 1 – 2 months
on investment & business conditions, investment capital, company structure, etc
choose a suitable business address, sign the lease contract and obtain the legal documents
as per the instruction of your legal team
regulatory timeline: 15 working days
regulatory timeline: 5 working days
on bank account opening, capital contribution, tax declaration, etc.
What includes
From
Time Frame: from 1 month
#1. Expert Guidance
Nova Law is a licensed law office by the Department of Justice. Our skilled legal team has strong expertise in the Vietnamese legal system and practical experience, allowing us to provide accurate legal advice in Vietnam’s ever-changing legal environment.
#2. We Care
From start to finish, we are committed to delivering the best possible results, ensuring your company is set up with efficiency and ease.
#3. Transparent Pricing
Once we spoke with you, we will provide you with a comprehensive fee quote that covers all work. Our fees are fair, not the lowest, but they ensure that Nova Law delivers outstanding service and exceptional value to you.
Market access conditions for foreign investors are the requirements that foreign investors must meet to invest in sectors included in the List of Sectors Restricted for Market Access to Foreign Investors.
In general, most popular business sectors are allowed for 100% foreign ownership. These sectors include manufacturing, import, export, wholesale, business consulting, F&B and IT services,
However, there are certain investment conditions applied to some business sectors, such as education, healthcare, retail, and advertising.
Investment conditions can significantly impact the feasibility, timeline, and cost of launching your business in Vietnam. Consult with your lawyer to understand if any apply to your specific business activities.
Business conditions are the requirements that a company must meet when conducting business activities in conditional business sectors as prescribed by Vietnamese law. Currently, Vietnam has 237 conditional business sectors applicable to both local and foreign investors.
For example, a restaurant must obtain a Food Safety and Hygiene Certificate before it officially opens.
Any companies in Vietnam that perform conditional business activities without obtaining sufficient sublicenses or permits from management authorities will be considered engaged in illegal activities and will be subject to legal consequences.
That’s why it’s important to consult with a lawyer in Vietnam to determine whether your business activities fall under a conditional business sector. If so, the lawyer can advise you on the specific requirements you need to meet.
Yes. A business address is a compulsory requirement for setting up a company in Vietnam, whether it is foreign-owned or local. Registering your company in the same location where you do business is typically recommended.
If you don’t have a qualified business address yet, you can simply use a virtual address service in Vietnam. Ensure that the address has all the proper legal documents, such as a land use rights certificate and a lease contract with the landlord. Additionally, the virtual address service provider must be responsible and professional in handling all mail sent to the company and in cooperating with authorities when they visit for inspections, such as tax officers or police officers.
A residential apartment (căn hộ chung cư) cannot be used as a business address.
Each company in Vietnam needs to declare and deposit an amount of investment capital.
Technically, there are no regulations on a minimum capital requirement, except in some specific industries. In practice, the local licensing authority will closely examine and assess your proposed registered capital, based on the nature of your business activities and project scale. It will be determined on a case-by-case basis.
[New update]: Recently, many licensing authorities, especially in the north, have been applying a high minimum investment capital requirement. Thus, investors should prepare to put more money into your new investment project as per the instruction of your legal team.
Nova Law recommends that investors contribute sufficient capital to cover your company’s business expenses for the first to second years of business, or until your company can generate revenue. This ensures stable cash flow and avoids the need to increase investment capital registration if your company’s bank account runs low.
In addition, the more capital contribution, the longer-term visa will be granted to investors.
Learn more: Vietnam Investor Visa and Capital Requirements
For foreign individual investors:
For foreign companies establishing a subsidiary in Vietnam:
Note: Documents issued overseas may require legalization for use in Vietnam.
In Vietnam, foreign investors can choose from three main company structures:
Choosing the right structure is straightforward. It primarily depends on the number of investors and your desired management structure. Additionally, Vietnamese regulations don’t differentiate tax treatment based on the chosen company structure. In practice, due to its simpler management structure and lower compliance costs, an LLC is often the best choice for small and medium-sized businesses.
Learn more: Types of company in Vietnam
A legal representative is an individual, either a Vietnamese citizen or a foreigner, who represents a company in Vietnam. The information of the legal representative(s) will be registered on the Enterprise Registration Certificate
A company must have at least one legal representative residing in Vietnam. If the sole legal representative residing in Vietnam travels abroad, they must delegate their responsibilities to another Vietnamese resident through an authorization letter. Using a local nominee legal representative is certainly not required by law, it is up to your business demand.
Learn more: Regulations for a Legal Representative in Vietnam
The entire company formation process will take at least 25 working days to obtain the IRC and the ERC.
No. Your presence in Vietnam during the company registration process is not required, as long as you can provide all required documents in advance to Nova Law.
Ready to open your Vietnam company? Let Nova Law handle the company registration work. Submit your business plan through this FORM for a free legal feasibility assessment and service proposal.ring the company registration process is not required, as long as you can provide all required documents in advance to Nova Law.