THE OPTIONS TO SET UP A COMPANY IN VIETNAM
In brief, there are 02 options:
Option 1
a. Setting up a local company (100% ownership of Vietnamese member);
b. Transferring share/capital from Vietnamese member to foreign member. As results, foreign member owns 100% share/capital in company.
Option 2
The foreign member directly sets up a company in Vietnam.
The Option 1 is, generally, easier and more economic than Option 2.
Contact us for further information on above options.
Notes for applicants for enterprise registration
📍 1. Enterprise’s name
Before registering the enterprise’s name, the applicant should check for registered names at National Business Registration Portal.The Business Registration Office has the right to accept or reject a name in accordance with law and the decision of the Business Registration Office shall be the final.
Enterprises are prohibited to use names of regulatory bodies, the armed forces, political organizations, socio-political organizations, socio-political-professional organizations, social organizations, socio-professional organizations as the whole or part of the enterprise’s proper name, unless otherwise permitted by the organization.Enterprises are also prohibited to use words or symbols that contradict the history, traditions, culture of Vietnam.
📍 2. Headquarters
The address of the enterprise’s headquarter shall consist of the house number, street, commune, district, province, phone number, fax number, and email address (if any).
📍 3. Business lines-
Enterprises shall select the level 4 business lines in Vietnam Standard Industrial Classification (under Decision No. 27/2018/QD-TTg) to write on the business registration form, notification of changes in the business registration certificate or application form for conversion to the certificate of business registration.
📍 4. Charter capital
VN Legal 