REQUIREMENTS TO SET UP A COMPANY IN VIETNAM FOR FOREIGNERS
By continually issuing laws and public policies to favor business and foreign investment, it is clear that Vietnam’s government is intent on taking a proactive approach to foreign direct investment. Enterprises interested in taking advantage of the country’s friendly investment environment, therefore, need to be aware of the requirements available to foreign investors.
In this article, AZ Startup Assistant provides some fundamental things that you need to know about company registration in Vietnam.
#1 Legal supporting documents
To start a company registration in Vietnam, the founder will first need to prepare all legal supporting documents, including the proof of finances.
It depends on whether the founder is an individual or a company, the type of business registered, the list of documents is different.
- Individual founders require:
+ A notarized passport copy and a bank statement with their name on it.
+ Criminal record of the investors.
- Corporate founders require:
+ Incorporation certificate
+ Articles of association
+ Company’s charter
+ List of directors
+ Two years of annual financial statements or a bank statement if you registered a company less than 2 years ago.
You need to notarize and legalize all documents in the issuing country if issued abroad.
#2 Other basic information about the intended business in Vietnam
- Name of the company
- The business address of the company in Vietnam
- Charter capital/ Investment capital of the intended company
- Registered business lines
#3 Business location in Vietnam
This is an obligation to prove its business location when registering for the establishment of a company with 100% foreign-owned capital in Vietnam. Investors can fulfill this obligation by providing the following documents:
- A certified lease contract of headquarters (company’s location in Vietnam)
- A certificate of land use right
If you want to establish your company in Vietnam, we are here to provide solutions that cover advisory, consulting, assistance during company registration, and handling the process on your behalf.
AZ Startup Assistant strategically focuses on assisting startup businesses (both foreign and local) in Vietnam. We provide a broad range of professional services with high-quality services at a competitive price. We help startups save significant costs during their first years of operation which is the most difficult period.
To get a quotation or more information in regards to starting a limited liability company in Vietnam, contact us now.