Can my company be 100% foreign-owned?

Yes, a company in Vietnam can be 100% foreign-owned in selected sectors.

What is the minimum number of shareholders required for a Vietnam company?

A Vietnam company requires a minimum of two shareholders.

Is a Vietnam company required to submit an annual tax return and/or financial statement?

All foreign company in Vietnam are obliged to submit an annual return and are required to have their financial statements audited annually.

What is the minimum number of directors required for a Vietnam company?

Under statutory regulations, a Vietnam company requires a minimum of one director.

Will I be able to hold 100 percent ownership of a foreign-owned company?

Most probably yes. The Vietnamese law enables foreigners to open foreign-owned companies in most business sectors except for six business fields mentioned in the Negative List, namely:

Drugs and narcotics.
Hazardous chemicals and minerals.
Range of specimens of endangered flora and fauna.
Prostitution.
Human trafficking, sale of human body parts and tissue.
Human cloning or asexual reproduction.

Vietnam company formation
Open bank account in Vietnam

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Related FAQs

1. Does registration of a Vietnam business differ from registration of a foreign-owned one?
2. Do I need any special licenses over and above the investment registration certificate (IRC) & enterprise registration certificate (ERC)
3. What is the next step after the entity has been registered?
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