Register Company in Vietnam with Block3 Finance
Registering a company in Vietnam is a straightforward process when you understand the incorporation requirements. With Block3 Finance managing the registration process, you can focus on expanding your business while we handle the legalities.
Our expert team provides a seamless experience throughout the registration process, ensuring your Vietnam business is operational within the stipulated time frame.
Our Service Package Includes
Registering your company with the Ministry of Planning and Investment (MPI)
Professional nominee director services
Local company secretary and registered address
Corporate bank account opening
Annual accounting and tax services
How Long Does It Take to Register a Company in Vietnam?
At Block3 Finance, we streamline the process to register your company in Vietnam. After receiving the necessary documents from directors and shareholders, we proceed to incorporate your company, with the company registration process typically taking 2 months.
You'll receive your Vietnam Company Registration Certificate, Investment Registration Certificate, Memorandum of Association (MoA), and Articles of Association (AoA) within 2 months. Afterward, we'll assist with applying for a Foreign Investment License and complete your tax registration, which can take another 1 month.
Once registration is complete, we will also help you open a corporate bank account. This process usually takes around 1 month, allowing you to start operations and issue invoices within 5 months.
Can a Foreigner Register a Company in Vietnam?
Yes, foreign investors can set up businesses in Vietnam. Most business sectors allow 100% foreign ownership for Limited Liability Companies (LLC). However, certain sectors like agriculture, technology, and services require either a Foreign Business License (FBL) or Board of Investment (BOI) approval.
The requirements to start a company as a foreigner in Vietnam include:
A minimum paid-up capital of USD $10,000
Appointment of at least 1 resident legal representative
At least 1 resident director
A registered address in Vietnam
Types of Business Entities in Vietnam:
There are several business entity structures to choose from when registering a company in Vietnam. Block3 Finance will help you decide the best structure based on your business goals.
Limited Liability Company (LLC)
Most popular structure for foreign investors.
Can be 100% foreign-owned.
Requires at least 1 shareholder and 1 director.
Shareholders’ liability is limited to their capital contribution.
Joint Stock Company (JSC)
Suitable for businesses wanting to raise capital through the issuance of shares.
Requires at least 3 shareholders and 1 director.
Can issue corporate bonds and be listed on stock exchanges.
Partnership Company
Composed of two or more general partners.
Liability for debts is unlimited for all partners.
Limited partners have limited liability and cannot engage in day-to-day management.
Branch Office
Suitable for foreign companies wanting to expand into Vietnam.
100% foreign ownership.
Must have a resident representative in Vietnam.
Representative Office
For market research, promotion, and non-revenue-generating activities.
Cannot engage in income-generating activities.
How to Register a Company in Vietnam?
Choose an Optimal Business Structure: Block3 Finance will help you decide the most suitable company structure based on your business needs and goals. Most businesses in Vietnam opt for the LLC.
Company Name Reservation: We will help you reserve your company name through Vietnam's business registration portal. You can submit up to 3 name choices.
Prepare the Required Documents: Block3 Finance will assist in preparing the necessary incorporation documents, including the Memorandum of Association (MoA) and Articles of Association (AoA). These documents need to be translated into Vietnamese and notarized.
Apply for the Investment Registration Certificate (IRC): For foreign-owned businesses, obtaining an IRC is mandatory. We will handle the application and prepare the necessary investment documents.
Obtain the Business Registration Certificate (BRC): After securing the IRC, we will assist you in obtaining the Business Registration Certificate (BRC) from the Vietnam business registration authority.
Tax Registration: We will help you register your company with the local tax office and obtain a Tax Identification Number (TIN).
Create the Company Seal: In Vietnam, every company needs a company seal. Block3 Finance will assist in designing and registering your company seal.
Open a Corporate Bank Account: We will help you open a corporate account with a reputable local or international bank in Vietnam.
Post-Registration Compliance
Tax Filing: Ensure your company complies with the tax laws by submitting semi-annual and annual tax returns, including CIT, VAT, and PIT returns.
Financial Reporting: Maintain and submit financial statements in compliance with local regulations.
Annual General Meetings (AGM): Hold an AGM within 4 months of your fiscal year-end to review financial statements.
Labor Compliance: Register employees with the social security office and ensure all legal requirements for employing foreign nationals are met.
Accounting and Tax Obligations: Corporate Income Tax (CIT): Standard rate is 20%. Companies with annual revenue under a certain threshold may benefit from reduced rates.
VAT: Businesses with turnover over VND 50 billion must file monthly VAT returns; others may file quarterly.
Personal Income Tax (PIT): Employers must withhold and remit PIT for employees’ salaries.
Why Register a Company in Vietnam?
Vietnam offers a favorable environment for foreign investors with:
Competitive corporate tax rates (20% standard CIT rate).
Strong manufacturing sector and growing service industry.
Young, educated workforce and a growing middle class.
Vietnam’s economy has shown strong growth, and the government actively encourages foreign investment. The country is also strategically located with access to ASEAN and global markets.
Free Zones in Vietnam
Vietnam offers various Free Trade Zones that provide tax exemptions, land lease incentives, and other benefits to encourage foreign investment.
Find Out More!
If you're ready to set up a business in Vietnam, Block3 Finance is here to guide you through the entire process. From company registration to tax compliance, we offer expert support every step of the way.
Contact us to find out more about how to register your business in Vietnam. Our team will respond within 24 hours and address all your queries.
