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 Finance (a local government agency of a city/ province that registers Vietnamese companies).

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 Finance (DoF).

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 Finance (DoF) without a set validity period.

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.

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.

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.

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.

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.

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.

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

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 Finance

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

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.

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.

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, 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.