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Price:

Delivery:

Legal forms:

Payment methods:

3000

2 weeks

LLC, LLP, Pte. Ltd.

Document checklist:

1.Passport
2.Proof of Residence 

Requirements:

Local legal address (Handled by B2B Hub) 

Vietnam

Registrar

Abbreviation 

Email

Phone

Location

Capital

Official languages

Population

Currency

ISO 4217

Hanoi

Vietnam

Vietnamese

98,858,950

VND

Vietnamese Dong

Directory of companies
Open website

Delivery

  • Certificate of incorporation 

  • Articles of association

  • Meeting minutes 

  • Company stamp

FAQ for company formation in Vietnam

Frequently Asked Questions (FAQ) for company formation in Vietnam:


1. What are the types of business entities that can be formed in Vietnam?

A: There are several types of business entities in Vietnam, including Limited Liability Companies (LLC), Joint-Stock Companies (JSC), Partnerships, Branches, and Representative Offices.


2. What are the minimum requirements for company formation in Vietnam?

A: The minimum requirements for company formation in Vietnam include at least one shareholder, one director, a legal representative, a registered address, and a business license.


3. Can foreigners register a company in Vietnam?

A: Yes, foreigners can register a company in Vietnam. However, the percentage of foreign ownership is limited, depending on the industry sector.


4. What are the steps involved in registering a company in Vietnam?

A: The steps involved in registering a company in Vietnam include obtaining an Investment Registration Certificate (IRC), a Business Registration Certificate (BRC), registering for tax, social insurance, and obtaining a company seal.


5. What is the process of obtaining an Investment Registration Certificate (IRC)?

A: The process of obtaining an Investment Registration Certificate (IRC) involves submitting an investment application form and relevant documents to the Department of Planning and Investment (DPI).


6. What documents are required for registering a company in Vietnam?

A: The documents required for registering a company in Vietnam include a business plan, a lease agreement for the registered address, passport copies of shareholders and directors, a certificate of incorporation, and other documents as required by law.


7. What is the minimum capital requirement for company formation in Vietnam?

A: The minimum capital requirement for company formation in Vietnam depends on the type of business entity and industry sector.


8. What are the tax obligations for a company in Vietnam?

A: A company in Vietnam is required to register for tax and has to pay various taxes, including corporate income tax, value-added tax (VAT), and personal income tax (PIT).


9. How long does it take to register a company in Vietnam?

A: The time required to register a company in Vietnam varies, but it typically takes about 2-3 months to complete the process.


10. What are the benefits of registering a company in Vietnam?

A: The benefits of registering a company in Vietnam include a low-cost labor force, a strategic location for doing business in Southeast Asia, and an attractive tax regime.

Vietnam's economy has been growing rapidly in recent years, with a GDP growth rate of 7.08% in 2019. This is one of the highest growth rates in the world, and it is expected to remain strong in 2020. The country has also seen a steady increase in foreign direct investment, reaching a record high of $14.5 billion in 2019. This has been driven by the country's strong economic fundamentals, including a young and growing population, a rapidly expanding middle class, and a favorable business environment. The country also has a strong manufacturing sector, which accounts for around 25% of GDP. Additionally, Vietnam has a thriving tourism industry, with over 15 million international visitors in 2019. This has helped to boost the country's economy, as well as create jobs and generate income for the country. Overall, Vietnam's economy is in a strong position and is expected to continue to grow in the coming years.

In Vietnam, both individuals and corporations are subject to taxation. Personal income tax is levied on the income of individuals, while corporate income tax is levied on the profits of companies.


For individuals, there are currently five tax brackets with rates ranging from 5% to 35%. The rates and brackets are adjusted periodically based on inflation. In general, Vietnamese residents are taxed on their worldwide income, while non-residents are taxed only on their Vietnam-sourced income.


For corporations, the standard corporate income tax rate is 20%, although there are certain industries that are subject to higher rates. Additionally, there are a variety of tax incentives available to encourage investment in certain industries or regions.


Taxpayers in Vietnam are required to file tax returns and pay taxes on a monthly or quarterly basis, depending on the type of tax. The tax year in Vietnam runs from January 1st to December 31st. Taxpayers are required to file an annual tax return by March 31st of the following year, although an extension can be granted in certain circumstances.


Tax payments are generally made by bank transfer or cash deposit at a designated bank. Taxpayers must obtain a tax code and register with the tax authorities in order to make tax payments. Failure to pay taxes on time can result in penalties and fines.

Application without registration

The first director

Upload passport

The second director

Upload passport

The third director

Upload passport

The first shareholder 

Upload passport

The second shareholder 

Upload passport

The third shareholder 

Upload passport

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Please complete the form with attention to detail. Once submitted, our team will review the information. Following this, you will receive a confirmation and an invoice via email.

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