Vietnam company registration

DOING BUSINESS IN VIETNAM

Since 2003, Healy Consultants Group PLC has assisted our Clients with forming their company in Vietnam. Our services include i) Vietnam business registration ii) government license registration iii) corporate bank account opening services in Vietnam iv) employee recruitment v) visa strategies and vi) office rental, manufacturing and warehousing solutions in Vietnam.

  1. While some industries still require foreigners to form a joint venture with a Vietnamese, Vietnam has consistently liberalized its foreign investment regime and most industries now allow full ownership by foreigners;
  2. The most popular corporate vehicle to do business in Vietnam is the limited liability company. Such entity can be registered by a single foreigner, who can be either a corporate or an individual;
  3. Foreigners starting a business in Vietnam are however required to appoint a resident director (known in Vietnam as the legal representative). To comply with this requirement, our Clients often request nominee services from Healy Consultants;
  4. While there is no official capital requirement to register a foreign-invested company in Vietnam, a minimum paid-up capital of US$10,000 is always informally required. This minimum amount can reach US$100,000 and above when our Client plans to sell locally manufactured products;
  5. Business setup in Vietnam is a time consuming process, taking at least four months to be completed due to the need to open a capital account and to obtain an investment certificate from the Department of Planning and Investment.
SummaryWholly foreign owned companyFree Zone companyBranchRepresentative officeLocal companyJoint venture
Best use of company?Trading CompanyManufacturing CompanyBranch of a Global BankLocal market research/promotionFast Business SetupRestricted Industries
Time to incorporate a new entity?2 months2 months4 months1 month1 week4 months
Average total engagement costs?US$15,640US$16,490US$19,920US$16,700US$11,700US$18,240
Minimum paid up share capital?US$10,000US$50,000NoneNoneUS$500US$50,000
This entity can secure a residence visa for business owner?YesYesYesYesNoYes
Required appointmentsWholly foreign owned companyFree Zone companyBranchRepresentative officeLocal companyJoint venture
Minimum number of shareholders\partners?11Parent companyParent company12
Minimum number of directors/managers?111111
Key factsWholly foreign owned companyFree Zone companyBranchRepresentative officeLocal companyJoint venture
Statutory corporation tax payable?20%20%20%20%20%20%
Shelf companies available?YesNoNoNoYesNo
Client must travel to Vietnam?NoNoNoNoNoNo
Corporate bank account location?Citibank VietnamStandard Chartered VietnamVietcombankHSBC VietnamVietinBankStandard Chartered Vietnam

Frequently asked questions

Contact us

For additional information on our company registration services in Vietnam, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Mr. Simon Guidecoq, directly:
client relationship officer - Simon