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US$ 499
| General Information | |
|---|---|
| Type of Business Entity | Wholly foreign-owned LLC |
| Corporate Income Tax | 20% |
| British Based Legal System | Law on Enterprises |
| Double Tax Treaty Access | Yes |
| Incorporation Time Frame (Approx., days) | 10 working days |
| Corporate Requirements | |
|---|---|
| Minimum Number of Shareholders | 1 |
| Minimum Number of Directors | 1 |
| Corporate Directors Permitted | No |
| Standard Authorized Capital/Shares | US$10,000 |
| Local Requirements | |
|---|---|
| Registered Office/ Registered Agent | Yes |
| Company Secretary | Yes |
| Local Meetings | Anywhere |
| Local Directors / Shareholders | Local Director is required. Local Shareholders is not required |
| Publicly Accessible Records | Yes |
| Annual Requirements | |
|---|---|
| Annual Return | Yes |
| Audited Accounts | Yes |
| Incorporation Fees | |
|---|---|
| Our Service Fee (1st year) | US$ 649.00 |
| Government fee & Service charged | US$ 199.00 |
| Annual Renewal Fees | |
|---|---|
| Our Service Fee (year 2+) | US$ 0.00 |
| Government fee & Service charged | US$ 199.00 |
| General Information | |
|---|---|
| Type of Business Entity | Partly foreign-owned LLC |
| Corporate Income Tax | 20% |
| British Based Legal System | Law on Enterprises |
| Double Tax Treaty Access | Yes |
| Incorporation Time Frame (Approx., days) | 10 working days |
| Corporate Requirements | |
|---|---|
| Minimum Number of Shareholders | 1 |
| Minimum Number of Directors | 1 |
| Corporate Directors Permitted | No |
| Standard Authorized Capital/Shares | US$ 50,000 |
| Local Requirements | |
|---|---|
| Registered Office/ Registered Agent | Yes |
| Company Secretary | Yes |
| Local Meetings | Anywhere |
| Local Directors / Shareholders | Yes |
| Publicly Accessible Records | Yes |
| Annual Requirements | |
|---|---|
| Annual Return | Yes |
| Audited Accounts | Yes |
| Incorporation Fees | |
|---|---|
| Our Service Fee (1st year) | US$ 519.00 |
| Government fee & Service charged | US$ 199.00 |
| Annual Renewal Fees | |
|---|---|
| Our Service Fee (year 2+) | US$ 0.00 |
| Government fee & Service charged | US$ 199.00 |
| Description | QR Code | Download |
|---|---|---|
| Application for Limited Company PDF | 1.41 MB | Updated time: 06 May, 2024, 16:50 (UTC+08:00) Application form for Limited Company processing |  |  |
| Application Formation Form LLP LLC PDF | 2.00 MB | Updated time: 06 May, 2024, 16:57 (UTC+08:00) Application Formation Form LLP LLC |  | |
| Description | QR Code | Download |
|---|---|---|
| Business Plan Form PDF | 654.81 kB | Updated time: 06 May, 2024, 16:59 (UTC+08:00) Business Plan Form for Company Incorporation |  | |
| Description | QR Code | Download |
|---|---|---|
| Vietnam Wholly foreign-owned LLC Rate card PDF | 542.71 kB | Updated time: 07 May, 2024, 12:06 (UTC+08:00) Vietnam Wholly foreign-owned LLC Rate card |  | |
| Vietnam Partly foreign-owned LLC Rate card PDF | 539.75 kB | Updated time: 07 May, 2024, 12:22 (UTC+08:00) Vietnam Partly foreign-owned LLC Rate card |  | |
| Description | QR Code | Download |
|---|---|---|
| Company Profile PDF | 3.45 MB | Updated time: 08 May, 2024, 09:19 (UTC+08:00) Discover our company profile to gain a deeper understanding of who we are |  | |
| Description | QR Code | Download |
|---|
Yes. in many ways.
Foreigners registering a new business in Vietnam are notably required to open a capital account in the country, which they will have to use in other to inject their company’s share capital.
Read more: The first step in setting up a company in Vietnam
Depending on the nature of your business you may or may not need a special licenses.
For example if you consider the case of any un-conditional businesses such as general consultancy, no special license is required. On the other hand any sort of food or cosmetics related business, though unconditional may require some special licenses. For example a whole sale food import business will require a food import license issued by the ministry of health. A similar license is required to setup and operate a restaurant or food processing facility.
In the case of conditional business, most of these require additional licenses. For example investors looking to setup up educational institutions, require a special education license from the department of education. Retail trading also requires a special retail trading license issued by the department of industry and trade.
It should be noted that for both conditional as well as unconditional business, these special licenses can only be obtained after an investment registration certification and enterprise registration certificate have been issued. A good rule of thumb is to examine the licensing laws for a particular business in your own country along with the required criteria. Generally something of a similar nature will be applicable in Vietnam.
One IBC as an experienced consultant can advise and assist in procuring these additional licenses. Furthermore in certain cases where the investor may not be able to meet certain conditions, we can suggest practical solutions or workarounds to overcome the more stringent requirements.
The next step after an enterprise registration certificate has been issued is opening up of a company bank account, transferring in the charter capital and registering the tax code with the tax department.
If you do not have an address to register your entity, One IBC will provide you with a legal address for a competitive price. Alternatively you can use any of the many virtual office services in Ho Chi Minh City.
The process to register a company involves 5 steps.
This is the standard process to register a company to operate any type of business in Vietnam. After this, depending on the nature of the business, the entity may or may not require additional sub licenses.
A foreign-owned company is prohibited from operating 100% foreign-owned entities for the distribution of imported and domestically-produced goods, investment in the securities businesses, warehouse services and freight transport agency services, and maintenance and repair services of household equipment.
All foreign company in Vietnam are obliged to submit an annual return and are required to have their financial statements audited annually.
Yes.
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