Company Registration in Vietnam

Company Registration in Vietnam
Launch Your Dream Business with Ease: Choose Taxneu for Company Registration in Vietnam!
50,000+ businesses incorporated since 2023

Registering a company in Vietnam involves several steps and is overseen by the Department of Planning and Investment (DPI) and the Business Registration Office (BRO). The legal forms of companies include Limited Liability Company (LLC), Joint-Stock Company (JSC), and others. Below is a general guide to the company registration process in Vietnam:

### 1. Choose a Legal Form:

1. **Limited Liability Company (LLC):**
– Suitable for small and medium-sized enterprises with fewer formalities.

2. **Joint-Stock Company (JSC):**
– Suitable for larger businesses, can issue shares to the public.

### 2. Reserve a Company Name:

1. **Check Name Availability:**
– Verify the availability of the desired company name through the National Business Registration Portal.

2. **Reservation:**
– Reserve the chosen name through the online reservation system.

### 3. Prepare Documents:

1. **Charter (Constitution) of the Company:**
– Draft the charter outlining the company’s structure, purpose, and internal rules.

2. **Shareholder and Director Details:**
– Provide details of shareholders and directors, including their names, addresses, and contributions.

### 4. Registered Office:

1. **Choose a Registered Office:**
– Specify the registered office address for official correspondence.

2. **Provide Details:**
– Provide details of the registered office to the Business Registration Office.

### 5. Charter Capital:

1. **Declare Charter Capital:**
– Declare the company’s charter capital, which varies depending on the type of company.

2. **Contributions:**
– Specify the contributions of each shareholder.

### 6. Appoint Directors:

1. **Appoint Directors:**
– Appoint at least one legal representative or director for an LLC and a board of directors and a general director for a JSC.

2. **Director Consents:**
– Obtain the written consent of each director.

### 7. Register with the Business Registration Office:

1. **Online Registration:**
– Register the company online through the National Business Registration Portal or submit physical documents to the Business Registration Office.

2. **File Documents:**
– Submit the required documents, including the charter and details of directors and shareholders.

### 8. Tax Registration:

1. **Tax Code Registration:**
– Obtain a tax code for the company from the local tax department.

2. **Value Added Tax (VAT) Registration (if applicable):**
– Register for VAT if the business meets the registration threshold.

### 9. Professional Advice:

1. **Legal and Accounting Advice:**
– Seek advice from legal and accounting professionals to ensure compliance with regulations.

2. **Registered Office:**
– Ensure ongoing compliance with the registered office requirements.

### 10. Employee Registration (if applicable):

1. **Social Insurance Registration:**
– Register with the local social insurance agency for employee benefits.

2. **Compliance with Employment Laws:**
– Comply with Vietnam’s employment laws when hiring employees.

### Important Considerations:

– **Annual Reports:**
– File annual reports with the Business Registration Office.

– **Business License (if applicable):**
– Certain business activities may require specific licenses.

– **Bank Account:**
– Open a business bank account in the name of the company.

– **Company Seal (if desired):**
– While not mandatory, some companies choose to have a company seal.

This guide provides a general overview, and it’s crucial to consult with legal and financial professionals to navigate the specific requirements for your chosen business structure and industry. Vietnamese authorities, including the Department of Planning and Investment and local business registration offices, should be consulted for the most up-to-date and accurate information.

Submit your Details to get an Instant All-
inclusive
Quote to your email and a free
Expert consultation