The process of Company Registration in Vietnam has gained significant attention due to the country’s thriving business landscape and dynamic economic opportunities. Whether you are a local entrepreneur or an international investor looking to establish a business in Vietnam, understanding the intricacies of this process is essential.
Setting up a company in Vietnam often comes with a series of complicated procedures and legal requirements. To ensure that procedure is executed accurately and smoothly, considering engaging a reputable service provider is an ideal solution.
Company Registration in Vietnam
Company Registration in Vietnam is the creation of a new entity through completing legal procedures, registration and establishing a management system. This process includes steps such as determining business goals, registering capital, completing registration documents and submitting related documents to state management agencies.
Popular types of companies in Vietnam
|Type of company||Features||Recommend||Setup time|
||Foreign companies that want to research and understand the market in Vietnam.||4-6 weeks|
|Joint Stock Company||
||Businesses with large scale and need to raise capital from many different sources.||5 – 8 weeks|
|Company Limited||The company has one or more members, with limited liability corresponding to the capital contribution of each member.||Many types of businesses, from small to medium sized, provide flexibility in management and administration.||5 – 8 weeks|
Prepare to Setup a company in Vietnam
1. Business idea
A business idea is an important step to determine the direction and shape the strategy for an upcoming business. This could be a new product, service or business model.
2. Market research and business plan
Conduct market research to understand potential customers, competitors and industry trends. Based on this information, create a detailed business plan with goals, marketing strategies, and financial projections.
3. Determine the type of company
Decide on the type of company you want to establish that suits your business line. Types of companies in Vietnam include: Private enterprise, Company Limited (One member, 2 or more members), Joint stock company, Brach Office,…
4. Prepare company profile
Preparing a company profile and documents is an important stage in the process of establishing a business.
- Company Name: Choose a suitable company name that aligns with your business activities and adheres to the naming regulations set by the legal requirements.
- Registered Address: Determine the registered address of the company, which can be either the office address or the main headquarters. This address will be used for administrative purposes and company communications.
- Company Articles of Association: Draft and prepare the company’s articles of association, a vital document that outlines the organizational structure, rights, and responsibilities of members within the company. The articles of association also define the operational and management procedures of the company.
- Shareholders and Shares (if applicable): If you intend to establish a joint-stock company, identify the list of shareholders and the number of shares each shareholder holds. This requires consensus among the shareholders during the establishment process.
- Financial Reporting: Prepare preliminary financial statements or financial projections for the company. These details assist regulatory bodies in assessing the feasibility of the business and its financial potential in the future.
5. Business registration procedures
- Business Registration: This involves submitting a business registration application to the authority. Such as the Department of Planning and Investment or the local business registration office. In this application, you provide detailed information about the business, including the company name, address, industry of operation, legal representative’s information, and other relevant details.
- Tax and Business Certificates: After completing the business registration, you need to proceed with obtaining a tax identification number. The tax identification number serves as the foundation for conducting legitimate business activities and managing taxation. Additionally, depending on the industry and regulatory requirements, you may also need to obtain other business certificates, such as food safety certificates, product quality certificates, etc.
|✅✅Company Registration in Vietnam Service||Company establishment, corporate administration, comprehensive corporate assessments; as well as the cessation of operations for FDI enterprises operating in Vietnam|
|✅✅Hotline||(028) 3821 0375|
|✅✅Benefits||Professionalism and Extensive Experience, Time and Effort Saving, Efficient and Cost-effective|
|✅✅Advantages||Efficiency, Effective, Optimization|
|✅✅Commitment||Efficient Process, Data Security, Help Business Save Time and Cost|
6. Contracts and Legal Documents
- Incorporation Agreement: Drafting and signing an incorporation agreement is a pivotal step in establishing a company, particularly for multi-member companies.
- Employment Contracts: Creating employment contracts for employees helps define the rights and responsibilities of both parties within the employer-employee relationship. This contract specifies job roles, salary, working conditions, employee benefits, and obligations for both the employee and the company.
- Business Agreements: Contracts clearly outline the terms and conditions of the relationship between the company and its partners, suppliers, or customers. These contracts may pertain to matters such as supply of goods, services, leasing, collaborations, information security, and various other aspects of business operations
7. Legal and Financial Consultation
a. Legal Consultation
- Seeking advice from a professional law firm or lawyer is crucial to ensure that the process of company establishment adheres to all legal regulations and business laws.
- Lawyers will assist you in identifying and executing the necessary procedures, while also providing guidance on compiling documents, legal paperwork, and other related matters.
b. Financial Consultation
- If you lack experience in financial management or require in-depth guidance on financial matters, exploring financial consultation is essential.
- Financial experts can help you build a financial plan, estimate required capital, manage cash flow, prepare financial reports, and ensure financial stability throughout your operations.
Both legal and financial consultation aid in risk mitigation and optimizing business operations. Particularly during the initial stages, support from these experts instills confidence and ensures quality in managing your company.
When to Consider Establish Business in Vietnam
Besides preparing the necessary conditions for company establishment, the timing of when to establish a business is also crucial. Below are reasons why you should consider forming a company in Vietnam instead of operating as an individual:
- When Capital Mobilization is Needed: If your business idea requires a substantial amount of capital to develop, establishing a joint-stock company or limited liability company with multiple members can help you raise funds from investors or shareholders.
- Issuing Invoices and VAT Deduction: When you have a significant number of customers requesting value-added tax (VAT) invoices for deduction in their business activities. Establishing a company will enable you to efficiently manage and fulfill these procedures.
- Contracts and Agreements: If partners, suppliers, and customers expect to engage in contracts and agreements with a legal entity, forming an entity instills trust and ensures sustainability in business transactions.
- Accounting System: Setting up a company enables you to establish an accurate and transparent accounting system. This, in turn, helps you manage finances and business operations more effectively.
Why Should Outsource Company Registration in Vietnam Service
⭐ Professionalism and Extensive Experience
With many years of experience in the field of Company Registration in Vietnam service, Vina Bookkeeping takes pride in its team of highly experienced experts with deep knowledge of legal regulations and processes. We ensure that our clients receive optimal and reliable advisory support.
When you use our services, you will receive consultation on the most suitable company type based on your business needs and goals. We not only assist you in understanding various company structures but also provide strategic advice for the informed decisions.
Furthermore, we offer meticulous legal consultation and technical assistance in gathering and preparing necessary documents. Our team will assist you in compiling documents, submitting registration applications, and handling all related procedures. We commit to provide convenience and ensure that every step is in compliance with legal regulations.
⭐ Time and Effort Savings
Company Registration in Vietnam process involves numerous complex steps, from document collection, dossier preparation, to application submission and monitoring the approval process. Doing this on your own can consume significant time and effort.
By outsourcing a comprehensive service from Vina Bookkeeping, you can shift the burden of legal and administrative procedures to a professional team. This allows you to focus on your core business activities without worrying about managing and executing the company formation procedures. The team at Vina Bookkeeping has the experience and understanding of the process, ensuring efficient, and accurate completion of each step.
⭐ Effectiveness and Cost Efficiency
Company Registration in Vietnam service solutions not only save your time and effort but also cut down on costs compared to attempting to handle the process yourself. While there is a fee associated with hiring such services, when weighed against the time investment and effort required for self-execution, this cost is often quite reasonable. You won’t need to delve into and master the legal regulations pertaining to company establishment. Additionally, you won’t have to deal with potential errors or resource wastage that self-execution might lead to.
Furthermore, utilizing a comprehensive Company Registration in Vietnam service helps you avoid the situation of having to understand and rectify mistakes later on. With the guidance of experienced experts at Vina Bookkeeping, you ensure that every procedure and documentation is processed in compliance with the law right from the start, safeguarding against unwanted legal complications in the future.
Process of Establishing a Company in Vietnam at Vina Bookkeeping
At Vina Bookkeeping, we commit to supporting you from the planning phase to the completion of the company establishment process. We understand that setting up a company could be complex. Vina Bookkeeping provides comprehensive assistance Company Registration in Vietnam service. Which allows you to focus on developing your core business activity effectively and sustainably.
Company Types Consultation
Choosing the right company type is a crucial initial step of Company Registration in Vietnam. This decision will impact all aspects of business operations. From management practices to the future potential of your enterprise.
We listen and thoroughly grasp the business requirements you’re facing. Based on this information, we advise on the available company types and conduct deeper analyses for each option. We consider key factors such as members’ rights and responsibilities, management structure, required capital, and future expansion possibilities.
Our commitment is to provide clear information and offer in-depth explanations regarding the advantages and disadvantages of each company type. This empowers you to make informed decisions based on your understanding of legal regulations and your business objectives. Our goal is to help you choose the optimal company type, ensuring full legal compliance and maximizing business benefits in the future.
We acknowledge the complexity of this process and aim to alleviate the legal burden on your behalf.
Information Collection and Profile Creation:
- We guide you in providing the necessary information to create a business registration profile.
- Assistance in organizing and preparing profiles according to regulations.
Form Filling and Documentation Preparation:
- Prepare registration profiles including documents such as articles of incorporation, establishment contracts, shareholder lists, and relevant information.
- We offer advice on filling out registration forms and adjusting related documents as required.
- Ensure that all information in registration forms and related documents is accurate and complete.
Submission Company Registration in Vietnam
- Submit business registration profiles to government authorities or the planning and investment department.
- Monitor and complete procedures as per requests from regulatory agencies.
Bank Account Establishment and Tax Registration
At Vina Bookkeeping, we do not only help you establish a company; we also support in setting up the financial foundation and taxes for your enterprise.
- Assist in opening a business bank account for financial management.
- Register tax identification numbers and necessary business certificates.
Legal and Financial Consultation
- Provide guidance on legal regulations related to business operations, including establishment, activities, and compliance with business laws.
- Ensure that you understand and adhere to the relevant regulations, mitigate legal risks, and establish a strong legal foundation for your company.
Offer advice on financial management and taxation:
- Support you in daily financial management tasks, from accounting to monitoring cash flows.
- Provide tax advice and assist in fulfilling your monthly, quarterly, and annual tax obligations.
Advantages of Company Registration in Vietnam service at Vina Bookkeeping
In the current market, numerous firms offer comprehensive company formation services. However, selecting a high-quality external partner is not a straightforward decision. If you are still unsure about choosing a service provider, consider the following reasons for selecting Company Registration in Vietnam service at Vina Bookkeeping:
✅ Proven Expertise: Vina Bookkeeping stands out with its team of seasoned professionals who possess substantial experience in the field of company formation. Our experts are well-versed in legal, ensuring a seamless and compliant process.
✅ Holistic Guidance: We provide dedicated and thorough consultation throughout the entire company formation process. From choosing the most suitable business structure to offering strategic insights, we accompany you at every step.
✅ Competitive Pricing: Price is transparent and all-encompassing. We ensure that you are fully informed about costs upfront, no additional fees. This empowers you to plan your budget effectively.
✅ Tailored Solutions: At Vina Bookkeeping, we understand that each business is unique. Our Company Registration in Vietnam service is tailored to suit your specific needs and preferences. Which ensures that the company formation process aligns perfectly with your business goals.