Frequently Asked Questions

Can a foreign investor set up a foreign-owned company in Vietnam?

Yes, it’s possible to set up 100% foreign-owned company in moist industries.

Can a foreign trade set up a representative office in Vietnam?

Yes, it’s totally possible.

What types of company can a foreign investor register in Vietnam?

02 types of company that foreign investor may register:

  • Liability Limited Company (LLC)

  • Joint Stock Company (JSC)

Is there a minimum capital required for new company registration in Vietnam?

It’s not required a minimum paid-up capital for most industries

Is it required to have a local partner or a resident director when establishing a new company in Vietnam?

No, it is not.

Is it required a registered office address for new company in Vietnam?

Yes, it’s. Virtual office address is also acceptable for small business.

What business licenses are required to get when opening a new company in Vietnam?

There are 2 typical licenses to obtain:

  • Investment Registration Certificate (IRC);

  • Enterprise Registration Certificate (ERC).

How long does it take to set up a full company or a representative office in Vietnam?

It usually takes around 01 month plus.

What documents/ information to prepare for new business setup in Vietnam?

If the founder is an individual, documents to prepare:

  • Passport of individual investor;

  • Bank statement within 3-latest months

  • Office lease agreement/ MOU

If the founder is a company/ legal entity, it’s required to prepare:

Incorporation certificate/ Business license;

  • Article of Association;

  • Audited financial statements with 02 latest years

  • Office lease agreement/ MOU for new company in Vietnam

  • Passport of legal representative of new company in Vietnam

What are the tax rates in Vietnam?

The standard Corporate Income Tax (CIT) rate in Vietnam is 20%, while the standard Value-Added Tax (VAT) rate is 10% and Personal Income Tax (PIT) rate is followed by progressive rate (5-35%) based on incomes.

Our Firm

A one-stop-business solution for business licenses, human resources, tax and accounting, enterprise law, work permit, residence card, visa, immigration, and house and office rental services.

enquiry@vke.vn
(+84) 28 3510 3783
(+84) 944 501 512

A one-stop-business solution for business licenses, human resources, tax and accounting, enterprise law, work permit, residence card, and house and office rental services.

Contact us
Office hours
Office hours
Home
About us
Our Services
Our Clients
Contact us
FAQs
Our post