LTS LAW FIRM
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Vietnam Company Registration 

 Company Registration in Vietnam in 3 weeks
The fast & easy way

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Company registration selections

Choose the right structure that suits your business

Representative office

Perfect for foreign companies conducting market research in Vietnam

3-4 weeks

Processing time
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Limited liability company

The widely used structure for foreign investors establishing operations in Vietnam

3-4 weeks

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Joint stock company

Ideal for foreig investors who require complex corporate structures

3-4 weeks

Processing time
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How to register a foreign-owned company in Vietnam

What is the process for company setup in Vietnam?

It will make foreign investors less than 30 days to fully set up a business in Vietnam, regardless of their selected type of company. They must follow the step-by-step process as follows:

We’ve helped 1000+ of clients incorporate businesses

Our Company Formation Services in Vietnam

Note*: Only apply to business activities opened for foreign investment.

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Addtional Services

Prices

Recurring

$45 per month

Yes

$20

One-time

$10

One-time

$120

One-time

$35

One-time

Variable

One-time

Variable

One-time

Variable

One-time

Variable

Yes

Variable

Yes

Variable

Yes

Variable

Yes

Variable

Yes

Variable

Yes

Variable

Yes

Note*: The price is for Ho Chi Minh City and may vary in other locations

CONTACT US NOW 

Don’t hesitate to book a 30-minute call with us. During this session, we’ll go over your business plans and provide guidance on the following:

…or offer solutions to any other business queries you might raise

Feel free to choose between an online chat on MS Teams or a meeting at our HCMC office
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OUR LAWYERS AT LTS LAW 

Our Lawyers_LTS LAW

    Ready to begin now?

    Simplify your business operations in Vietnam with our adaptable and trustworthy services. 

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    Testimonials

    LTS Law Firm helped us to establish our company through FDI. They have been extremely easy to communicate with and flexible. The set-up was done in 3 weeks as discussed and the process was smooth and fast. Highly recommended and will continue to use their services in the future.

    Yuri Frassi / Officine Gặp

    For those starting up their business, without a doubt LTS LAW is a great partner for that. They are reliable, helpful, informative and efficient in many ways. Worry nothing for they will provide anything you needed. Highly Recommended!

    Biswajit Sahoo / HUKEHO

    Simon and his team have been very supportive and go the extra mile to facilitate setting up a company and myself entering Vietnam during border closure. If you’re looking for a client-focused lawyer and responsive team, LTS is your company.

    Val Saksornchai / Vals Bespoke

    It’s a pleasant collaboration journey with LTS LAW. Their professional legal service has greatly helped us in establishing our Vietnam branch. I would recommend their service to anyone

    Daniel Chan / AdTech Innovation

    LTS Law in Saigon provided professional assistance in my business adventure in Vietnam, they registered my business, opened my bank account, helped me with my work permit and my TRC, now I can do business in Vietnam trouble free, aligned with the law, an effort that would have taken me more than double the time and lots of headaches, all thanks to the team at LTS Law.

    Johan Nortje

    Serious and competent professionals. They reach the goal with transparent and competitive rates. Communication is excellent.

    Yuri Frassi

    Simon and his team have been very supportive and go the extra mile to facilitate setting up a company and myself entering Vietnam during border closure. If you’re looking for a client-focused lawyer and responsive team, LTS is your company.

    Mark Pham

    Most of my legal matters handled by LTS is done with utmost professionalism and great successes.

    Rajah Kandasamy

    Trusted firm to open company account in Vietnam, very responsive and always there to help. Highly recommend for foreign company to open business in Vietnam

    Andy Lau

    LTS Law Firm helped me registered a company in Vietnam. Ms. Dora Tran (Attorney-at-law) and Ms. Bella Truong (Legal advisor) were very efficient in every step of the process and provide me with great and personnalised advice. They are well organised and you always know where you are and what remains to be done. I trust them and I will not hesitate to call on them again for any demanding legal process in the future!

    Biswajit Sahoo

    LTS Law Firm is highly professional and very efficient, providing high quality services at very economical fee. I would like to thank them, specially Mr. Tony Nguyen, for getting my company registered in just about 30 days without me physically traveling to Vietnam. They also helped me in getting the necessary entry permit and visa during the difficult times of Covid-19 pandemic.

    Greesh Sharma / Sharma Consulting Co., Ltd

    I used LTS law firm services to register my 100% foreign owned company in Vietnam. The person in charge of the registration process was Mr. Simon. I enjoyed a very professional service by him and the firm. Reasonable pricing , Responsive and Knowledgeable staff, Relatively short processing time and No hidden fees, help with opening business bank account and providing accounting services for individuals are some of the good things I experienced working with Simon and its law firm. I definitely recommend LTS law firm to foreigners who wish to have a legal business entity in Vietnam. He was very helpful even after the work had been finished and always available for any questions via zalo or email. My company name has been legally registered with Vietnam government as VIETNAM QUALITY TRADE LLC. and easily searchable on the web.

    Alireza Alaeian / VIETNAM QUALITY TRADE LLC

    The company staffs are knowledgeable, helpful and responsive to my enquiries and in solving my companies accounting issues. Strong recommendation for one stop services for companies setuping office in Vietnam.

    Peter Lim / PLMP Infinity Global

    Mr. Simon Le and the team at LTS have been a pleasure to work with. They were instrumental in helping us set up our company in Vietnam, and make sure we stayed in compliance with all of the local regulations. They have great communication and are always professional.

    Jeffrey Williams / Happi Brands

    Many thanks to everyone in LTS Law especially Simon and his team. You have provided excellent service support and advice in the area of foreign entity incorporation. This has made the whole incorporation process very smoothly. I strongly recommend engaging LTS Law firm.

    Jessica Loo

    I can highly recommend LTS. Simon and the team supported me in establishing my company in HCMC in 2020 through offering straightforward, practical advice, and helping me to navigate the legal complexities of doing business in Vietnam. Throughout the time I have been using their services, they have always delivered a solution-focussed approach, and explained legal compliance in plain and easy to understand terms. This has made my life considerably easier.

    Janak Vadgama / Janak Vadgama Counselling and Consulting

    I knew Simon through coincidental. He’s no doubt truly responsive and a quick reply answered all doubt. I am 20 years in Vietnam restructuring lose to profit industries as CEO certainly I was in fear if unable to perform but if we don’t try we never know. My experience that Vn is not easy but not impossible and Simon and team never stop pacing in truth and certainly all endeavours pays off be it small or larger it must be our own mindset ting and collaboration with Simon not just lip servicing is a partner worth trying out and you will never regret.

    Mr. Tean Hin Loh

    Très heureux du service donné par LTS Que ça soit le boss ou ses employés Je recommande LTS autour de moi

    Thierry / Stantax Private Assets Management

    I have found the LTS team to be knowledgeable, attentive and extremely responsive, whilst maintaining a high degree of professionalism in all of our interactions. I would not hesitate to recommend their services.

    Mark Winterton / Tillhaus

    Trusted firm to open company account in Vetinam, very responsive and always there to help. Highly recommend for foreign company to open business in Vietnam!

    Andy / Beansh Business Services

    Most of my legal matters handled by LTS is done with utmost professionalism and great successes.

    Rajah Kandasamy

    Thank you LTS Law for advising and helping us with the establishment of Oplex LLC in Vietnam. It has been a great journey in the past few months for us to work with your team, particularly with Tony Nguyen, on the registration process. During this process, your team not only brought important insight but also provided valuable input to us and this allowed us to level up our understanding of the regulatory environment in Vietnam and be more agile in this new environment. We are inspired by your team ability to formulate potential solutions quickly and navigate the most intense discussions with grace. We’re delighted to endorse the exceptional service from LTS.

    Tien Nguyen / Oplex LLC

    I knew Simon through coincidental. He’s no doubt truly responsive and a quick reply answered all doubt. I am 20 years in Vietnam restructuring lose to profit industries as CEO certainly I was in fear if unable to perform but if we don’t try we never know. My experience that Vn is not easy but not impossible and Simon and team never stop pacing in truth and certainly all endeavours pays off be it small or larger it must be our own mindset ting and collaboration with Simon not just lip servicing is a partner worth trying out and you will never regret.

    Mr. Tean Hin Loh

    I am so glad that LTS Law Firm helped me with my investment plan. They were able to take care of needs that I did not even know I had. Especially, Ms. Dora Tran was there and being professional in every step of the process. Highly recommend LTS ‘s service for anyone seeking legal counsel.

    Le Tung Anh

    Leadership team at LTS LAW

    Our LTS LAW team comprises seasoned corporate service lawyers and professionals with many years of experience. LTS LAW continuously strives to supply cutting-edge corporate & business services to our clients at the most competitive prices, from Vietnam company formation to legal consulting, company secretarial, bookkeeping, tax reporting, accounting, auditing, and management consulting services. We are confident in developing your business in Vietnam.

    Just Order, We Do The Rest For You
    Dora Tran Lawyer at LTS LAW

    Dora Tran

    Lawyer – Head of Incorporation, Licensing and Secretarial Services.

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    Simon Le Lawyer at LTS LAW

    Simon Le

    Lawyer – Managing Partner

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    Quoc Le Lawyer at LTS LAW - Head of Litigation Department 

    Quoc Le

    Lawyer – Head of Litigation Department 

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    Grace Tran_Director of Business Development at LTS LAW

    Grace Tran

    Director of Business Development

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    Kevin Phan

    Lawyer – Head of M&A Department

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    Ms Kim_Head of Tax & Accounting Department at LTS

    Kim

    Head of Tax & Accounting Department

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    Ha Anh Le

    Lawyer 

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    Misty Truong_Lawyer at LTS LAW

    Misty Truong

    Lawyer

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    Thu Suong Lawyer_LTS LAW FIRM

    Thu Suong

    Lawyer

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    Hiep Pham Lawyer at LTS LAW

    Hiep Pham

    Lawyer

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    Alice Tran_Senior Legal Advisor at LTS LAW

    Alice Tran 

    Senior Legal Advisor

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    Anna Tran_Senior Legal Advisor at LTS LAW

    Anna Tran 

    Senior Legal Advisor

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    Kaylin_Senior Manager – Tax and Accounting at LTS

    Kaylin

    Senior Manager – Tax and Accounting

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    Mr Phap_Senior Legal Advisor at LTS LAW

    Phap

    Senior Legal Advisor

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    Tony Nguyen_Senior Legal Advisor at LTS LAW

    Tony Nguyen

    Senior Legal Advisor

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    FAQ

    Frequently Asked Questions

    Set up a company in Vietnam? Here’s the only Vietnam company formation guide you’ll ever need.

    What does the Vietnamese company formation process look like?

    We will help you apply for an Investment Registration Certificate (IRC) and an Enterprise Registration Certificate (ERC) and once they have all been issued, your Vietnamese company will be operational.

    At first, you will send us a scanned copy of passports and other details on a director and shareholders, capital amount, company names, business activities, and company address. Before preparing all draft application documents, we will check if your proposed company names and business activities are available.

    We will have the draft application documents sent to you via email. You will have them printed out, signed and returned to us together with other documents prepared by you (notarized copies of passports, proof of funds, and proof of company address).

    We will check and establish an application file before filing it to a relevant Department of Planning and Investment (a local government agency of a city/ province that registers Vietnamese companies).

    It is a legal document that every Vietnam company must have. It states all the particulars of your Vietnam company. It is issued by a provincial Department of Planning and Industry (DPI) without a set validity period.

    Yes, of course. All Vietnamese companies must have a local registered address. If you don’t have one already, use our virtual address service. We will help you handle your incoming letters and scan and store them in your LTS LAW account so you have easy access to all your documents.

    It is a legal document that every foreigner or foreign company must obtain when they want to incorporate a new company in Vietnam. Its term of validity is usually less than 50 years and can be renewed upon its expiry, except for certain exceptional cases where the term could be up to 70 years.

    You are not required to apply for an Investment Registration Certificate (IRC) if you acquire shares/ owners’ equity in an existing Vietnam company. In such a case, you must obtain a prior written approval for such acquisition from the local Department of Planning and Investment (DPI).

    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.

    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. All Vietnamese companies must have a local registered address. If you don’t have one already, use our virtual address service. We will help you handle your incoming letters and scan and store them in your LTS LAW account so you have easy access to all your documents.

    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.

    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.

    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.

    Tax Reporting Services

    A company in Vietnam has to prepare and file quarterly tax reports within 30 days of the end of the relevant quarter.

    It also has to prepare and file an audited annual financial statement within 90 days of the end of the relevant fiscal year.

    The fiscal year in Vietnam is the fiscal accounting period of a company for up to 12 months. In Vietnam, you can choose from four fiscal year periods:

    • January 1 to December 31
    • April 1 to March 31
    • June 1 to May 31
    • October 1 to September 31

    By April 1 each year, companies in Vietnam must file their annual financial statements for the previous year. An annual financial statement must include:

    • Balance sheet
    • Profit & loss report
    • Cash flow report
    • Note of financial statement

    Of note, an annual financial statement of a foreign-owned company must be audited by an independent auditing company licensed to operate in Vietnam. The accounting records must be kept in the currency of VND and written in Vietnamese.

    • Deadlines for tax declaration and payment
    • Deadline for filing of annual audited financial statements
    • Deadline for filing of statistics reports
    • Deadline for filing of FDI reports
    • Deadline for filing of labor-and-salary-related reports

    Failure to do this can result in fine or non-monetary penalties imposed by the relevant State agencies. The seriousness of your breach will partly depend on the number of days during which the filings are delayed.

    All foreign-invested companies incorporated in Vietnam have to file their tax reports and audited annual financial statements using software licensed by the General Department of Taxation of Vietnam.

    Yes, of course. LTS LAW is an active member of a unified group consisting of a law firm, a bookkeeping & accounting company, and an auditing company. We do provide these services at very competitive prices. We have built a robust client database and they are entirely pleased with the readiness and quality of our services.

    For the following reasons:

    • You are an expert in your industry and very unlikely to have experience and training as our accountants
    • You will have time to focus on what you are good at
    • You can save up to 35% of the costs in comparison of the cost of hiring a full-time accountant
    • You can minimize the risk of making mistakes when preparing accounting reports
    • You can get valuable accounting & tax advice from us
    • We can help you lower your tax burden because our accountants have many years of experience and training

    You have to select a trustworthy Vietnam tax-reporting & accounting service provider, like LTS LAW. You will have more time and save more money when you don’t have to hire and train your employees to be an accountant for your Vietnam company.

    Our team of seasoned accountants at LTS LAW helps you submit accurate and timely reports. We always use the latest licensed accounting software to process your messages and data securely confidentially.

    Yes, of course. It is possible to send money overseas from Vietnam in many legal ways, such as for payments for legally imported goods, services provided abroad, repayment of loans or interest on the loan, payment of dividends, and disposal of capital. The appropriate documentation proving the remittance purpose must be duly obtained and presented to your bank in Vietnam.

    Yes, there only are certain types of donations that are accepted as deductible expenses, i.e., those for education, health care, natural disaster, building charitable homes for the poor, or scientific research.

    Such deductible expenses must be adequately supported by documentation (including bank transfer slips where the invoice value is VND20 million or more).

    Vietnam Company Formation Services

    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.

    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.

    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.

    Engaging LTS LAW to incorporate a company in Vietnam will get you dedicated support (24/7) from qualified lawyers and professionals assigned to you. Our seasoned staff will help you handle all Vietnam company incorporation issues case-by-case.

    After the Vietnam company incorporation, LTS LAW could further assist you in proceeding with any additional registration if so required by law.

    Yes, we do. LTS LAW does provide Vietnam company secretary services to its clients as part of its consulting services. Unlike other jurisdictions, a company in Vietnam is not required to appoint a qualified company secretary.

    We can handle your Vietnam company’s statutory compliance matters by informing the shareholders and the director of the Vietnam company about due dates, maintaining statutory registers company documents, and preparing corporate documents if required.

    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.

    Make a company stamp and file a notice of stamp sample with the relevant Department of Planning and Investment

    Conduct the initial tax registration with the local tax authority

    Open your Vietnam company’s bank accounts, i.e., a foreign direct investment account, VND current accounts, and current accounts in other currencies

    File a notice of such corporate account details with the local Department of Planning and Investment

    Inject the registered capital into the foreign direct investment account within 90 days of the incorporation date

    Make a company sign (company name, tax code & address are required)

    Apply for sub-licenses, if your business activities require them

    Apply for a Vietnam investment visa or Vietnam working visas for you and foreign employees

    Prepare and file periodic tax returns, annual financial statements

    Pay taxes, if any (CIT, PIT, VAT, fixed annual license tax)

    Make compulsory insurance contributions in Vietnam

    And other tasks, as the case may be

    It takes us three weeks to help you form 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).

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

    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.

    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.

    A large majority of foreign-invested companies formed in Vietnam are in the form of the limited liability company. It is ideal for foreigners who want the benefits of limited liability but keep the flexibility of a traditional partnership.

    Besides, the form of the single-member limited liability company facilitates foreign companies wishing to establish a company in Vietnam with 100% control.

    This is also a common company structure for foreign owners in Vietnam because it allows the sharing of profits between shareholders and keeps shareholders restricted from financial liability. The shareholders will only bear responsibility for the Vietnam company’s debts and financial obligations to the extent of their shares and thus, their assets will be protected.

    In addition to various ways of fundraising such as debts/ loans and private equity (PE) fundraising that a Limited Liability Company can do, a Joint-Stock Company can raise funds by selling stock in public offerings (initial public offering (IPO), secondary public offering).

    Only one Director and you can hire as many Deputy Directors as necessary. The Director is not required to be a local person and must be at least 18 years of age or above. Vietnamese citizens or foreigners can hold this position.

    When incorporating a company in Vietnam, you create a legal entity that has certain rights and obligations under Vietnamese laws. It has a distinct identity from its shareholders.

    The process of Vietnam Company Formation always has two steps: registration of investment project (to obtain an Investment Registration Certificate) and registration of Vietnam company (to get an Enterprise Registration Certificate).

    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.

    Once all the documents are ready, it takes us less than three (3) weeks to set up a Vietnam company. The starting point of the time limit mostly depends on when you are comfortable providing all the company details and documents in hard copy as required by us.

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