Vietnam Company Set Up Service

Looking to set up a company in Vietnam as a foreign investor? Nova Law is here to help! We offers professional company set up services to streamline the process and ensure your business is legally sound from the very beginning.

Popular Business Opportunities

Benefits of setting up a company in Vietnam

✅ Can do business in Vietnam

✅ Can get a tax deduction

✅ Can enjoy incentives from FTAs

✅ Can get a long-term visa

Requirements of a Vietnam Company Set Up

Investment

Conditions

Business

Address

Investment

Capital

Required

Documents

How to Set Up a Company in Vietnam in 6 Steps

Total time: 1 – 2 months

Step 1.

Consult with your lawyer

on investment & business conditions, investment capital, company structure, etc

Step 2.

Rent a business address

choose a suitable business address, sign the lease contract and obtain the legal documents

Step 3.

Prepare required documents

as per the instruction of your legal team

Step 4.

Apply for an Investment Registration Certificate (IRC)

regulatory timeline: 15 working days

Step 5.

Apply for an Enterprise Registration Certificate (ERC)

regulatory timeline: 5 working days

Step 6.

Comply with post-incorporation requirements

on bank account opening, capital contribution, tax declaration, etc.

Vietnam Company Set Up Package

What includes

  • IRC & ERC
  • Company stamp
  • Company charter
  • Free Company Bank Accounts with VietinBank

From

1.200 USD

Time Frame: from 1 month

Vietnam Company Set Up Package

What includes

  • IRC & ERC
  • Company stamp
  • Company charter
  • Free Company Bank Accounts with VietinBank

From

1.200 USD

Time Frame: from 1 month

Vietnam Company Set Up Package

What includes

  • IRC & ERC
  • Company seal
  • Company charter
  • Free Company Bank Accounts with VietinBank

From

1.200 USD

Time Frame: from 1 month

Why Nova Law

#1. Expert Guidance

Nova Law is a law firm licensed by the Department of Justice. Our well-trained legal team has extensive in-depth knowledge about Vietnamese legal system and practical experience, which allows us to provide you with accurate legal advice and help you set up your company with great efficiency and ease.

#2. We Care

From start to finish, we dedicate our energy and genuine care to providing the best possible results.

#3. Transparent Pricing

Know your company setup fees upfront with Nova Law’s transparent pricing.

Nova Law
Nova Law

#1. Expert Guidance

Nova Law is a law firm licensed by the Department of Justice. Our well-trained legal team has extensive in-depth knowledge about Vietnamese legal system and practical experience, which allows us to provide you with accurate legal advice and help you set up your company with great efficiency and ease.

#2. We Care

From start to finish, we dedicate our energy and genuine care to providing the best possible results.

#3. Transparent Pricing

At Nova Law, you’ll know all fees before we begin work. NO HIDEN FEES.

Q&A

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:

  • Passport
  • Personal bank balance certificate
  • Vietnamese business address lease contract

For foreign companies establishing a subsidiary in Vietnam:

  • Certificate of Incorporation
  • Company financial statements for the latest two fiscal years
  • Company bank balance certificate
  • Vietnamese business address lease contract

Note: Documents issued overseas may require legalization for use in Vietnam.

In Vietnam, foreign investors can choose from three main company structures:

  • Single-Member LLC: Owned by 1 investor holding 100% of the company’s capital. The owner has full autonomy in decision-making.
  • Multiple-Member LLC: Can have 2 to 50 investors. Features a clear separation between ownership and management rights, with two management layers.
  • Joint Stock Company: Requires at least 3 investors and can have an unlimited number. Similar to a Multiple-Member LLC, it offers a high separation between ownership and management rights, but with three management layers.

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: Company’s Structure 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.