advantages of company formation in Vietnam

Vietnam’s economy has shown promising growth after gaining admittance in the World Trade Organisation (WTO). This opened doors to foreign investors as a result of which company formation in Vietnam started gaining immense popularity. Hi-tech companies have claimed that Vietnam offers a great potential for research and development as a result of its state-of-the-art infrastructure and highly adept workforce.

  • Vietnam also has a flourishing manufacturing sector due to the introduction of a large number of Open Economic zones and lucrative tax incentives.

  • The apparel industry in Vietnam is on its way to becoming a booming sector.

  • Starting a business in Vietnam does not require minimum capital. However, there are some exception, these include – securities, aviation services, real estate, insurance, banking and securities.

  • Foreign investors who incorporate a company in Vietnam can own 100% shares in the business in certain sectors.

  • Vietnamese companies recording tax losses can carry them forward for up to 5 years

requirment to open a company

BASIC REQUIRMENTS

  • 1 Director. In case there are more than two legal representatives, one should be a Vietnam resident
  • The required minimum capital depends on the business line, objectives, scale of the investment project
  • Locally registered address.

DOCUMENTS REQUIRED

  • Certificate of incorporation for the company investor, ID or passport for the individual investor
  • Documents proving the financial capacity of the investor
  • Documents proving the experience of the investor

OUR SERVICES

  • Preparation of Company documents including M&AA (memorandum and articles of incorporation) company minutes, and list of members, etc.
  • Obtaining Investment License from authority
  • Deposit of Capital in bank account
  • Obtain the Seal and Certificate of Seal Sample Registration
  • Publish the company operation in newspapers
  • Tax Registration
  • Opening of Bank Account

TIME PERIOD

The exact time period for company formation in Vietnam varies depending on objectives, scale, location, time, and schedule for project execution of the investor and project decisions on investment policies of the competent authorities.

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