Vietnam Company Set Up Procedure |
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Vietnam company set up is a time consuming and complex process. However, Healy Consultants' transparent, logical engagement procedures ensure that the procedures are as smooth as possible. Typically, Vietnam company set up evolves as follows: |
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1.
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Our client signs Healy Consultants engagement letter and returns the original to our Singapore Head Office. |
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2.
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Healy Consultants provides our client with a detailed engagement plan, outlining a roadmap for the Vietnam company set up process. This step helps minimise unwanted surprises and meets client expectations. |
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3.
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Healy Consultants collects required due diligence from our client. Our client also confirms the Vietnam corporate structure, including shareholders and directors. Only then will Healy Consultants proceed with company incorporation. |
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4.
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To support the Vietnam company set up, Healy Consultants Incorporation Team performs a company name search at the Business Registration Office of the Vietnam Department of Planning and Investment. If approved, we begin incorporation of your Vietnam company. |
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5.
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To complete the Vietnam company set up, Healy Consultants obtains a Business Registration Certificate from the Business Registration Office in the city of incorporation. |
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6.
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Before the Vietnam company set up, Healy Consultants applies for a seal-making license at the Administrative Department for Social Order (ADSO) under the Municipal Police Department. Note that without a seal, a Vietnamese company cannot register with the tax department, open a bank account or apply for utilities etc. |
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Healy Consultants arranges for a company seal to be made by a seal-making service recommended by ADSO. |
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8.
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Following the Vietnam company set up, Healy Consultants arranges to publish an announcement in a local newspaper making public the name and type of company, the number and issuance date of the Business Registration Certificate, the headquarters and business objectives, charter capital, name of the legal representative and the place of business registration. |
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To support the Vietnam company set up, Healy Consultants applies for a tax code at the Municipal Taxation Department in the city of incorporation. Healy Consultants also pays the business license tax of 3 million Dong (US$187). |
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10.
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Before the Vietnam company set up, Healy Consultants submits the company’s accounting system to the Taxation Department for approval. The documents submitted include: |
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The company must comply with the Ministry of Finance's regulations on accounting standards and account maintenance. |
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11.
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Healy Consultants receives a tax code from the Taxation Department. |
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Healy Consultants buys pre-printed VAT invoices from the Municipal Taxation Department on our client’s behalf. |
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Healy Consultants registers the company with the local labour office to declare use of labour (Municipal Department for Labour, Invalids and Social Affairs). |
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14.
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After the Vietnam company set up, on behalf of the company, Healy Consultants registers with the Trade Union in the city of incorporation. Note that every Vietnamese company must undergo this step. |
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15.
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Following the Vietnam company set up, Healy Consultants couriers a company kit folder (to our client’s preferred international address) containing the following corporate documents: |
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16.
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Healy Consultants legally completes Vietnam company set up with the correct corporate structure, see also Vietnam Company Registration procedure. |
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17.
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Healy Consultants completes corporate bank account opening for our client to support Vietnam company set up. The bank account includes world-class multi-currency Internet banking facilities. |
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18.
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To accompany Vietnam company set up, Healy Consultants provides our client with a local business address details for invoicing purposes, together with telephone, fax and email support. |
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19.
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To further support Vietnam company set up, Healy Consultants assists our client with business website building, search engine advertising, as well as stationery and logo design. |
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20.
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Healy Consultants assists our client to obtain corporate finance, trade finance and to open merchant accounts to accompany Vietnam company set up. |
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21.
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Healy Consultants assists our client to locate business premises and recruit local staff to further support Vietnam company set up. If necessary, Healy Consultants also assists our client to obtain employment and residence visas for foreign staff. |
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22.
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Following completion of the engagement, Healy Consultants emails an Engagement Feedback Survey to our client. |
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Contact Us For more information on our Vietnam company set up services, email email@healyconsultants.com or telephone us at (+65) 6735 0120. Back to Vietnam Company Formation page. |
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Buy Healy Consultants' Asia Business Set Up book, to order call +65 6735 0120 or e-mail email@healyconsultants.com
