Once all the applications and supporting documents are ready and in order on our end, it usually takes us about three weeks in total to set up a Vietnam company.

The breakdown of the timelimit is as follows: the first two weeks for obtaining an Investment Registration Certificate (IRC) and another one week to get an Enterprise Registration Certificate (ERC).

The sooner you provide us with the required details and documents, the sooner you will be able to form a company in Vietnam.

The starting point of the timelimit much depends on the availability of the details and documents to be provided by you.

Yes, of course. A company must have a registered head office in Vietnam, and the premises must be legally suitable for the intended business activities.

There is no requirement on the minimum amount of capital to set up a company in Vietnam, except for certain business activities requiring legal capital.

We will advise you about the minimum capital on a case-by-case basis. If you want to decrease or increase the capital amount in the future, LTS LAW will notify you if so required.

No, it is not, except for certain business activities requiring a certain percentage of local ownership in Vietnam companies.

No. You don’t need to have any local director to form a company in Vietnam.

Yes, of course. Upon registering a Vietnam company with LTS LAW, we will free advice about relevant periodic compliance issues, mandatory filings, and corresponding due dates. You will receive emails or notices from us.

No, it will take not that much time if you hire LTS LAW to help you proceed with the registration. When you want to register a mandatory change to your company’s Investment Registration Certificate (IRC) or Enterprise Registration Certificate (ERC), send relevant details to us and we will do the rest for you.

Yes, it is. A Vietnam company can hire foreign employees as long as they can qualify for a Vietnam work permit or Vietnam work permit exemption under Vietnamese laws.

Yes, it is. 100% foreign ownership is allowed for most business activities, except for certain ones that require certain percentage of local ownership in Vietnam companies. We will advise you about this respect on a case-by-case basis.

Yes, of course. Like other jurisdictions, Vietnam permits foreigners to become shareholders and directors of companies established in Vietnam. You can be the only director or hire another person to hold the position as a foreigner. There is no requirement to have any local directors.

You can be a shareholder as well. A Vietnam company must have at least one shareholder (and as many as 50) if it is a limited liability company or at least three shareholders if it is a joint-stock company. A shareholder can be an individual or a corporate entity.

Yes, of course. To receive your capital contribution, your Vietnam company must open a “foreign direct investment account” at a bank licensed to operate in Vietnam. It also must open a VND current account as well.

Not at all! You can remotely handle Vietnam company incorporation by hiring LTS LAW for the purpose. All you have to do is provide us with all company details and documents in hard copy as so advised by LTS LAW.