How to Establish a Company in Vietnam?

Establishing a company in Vietnam has become increasingly attractive to international entrepreneurs and investors looking to access one of Southeast Asia’s fastest-growing economies. While the process involves several regulatory steps, Vietnam has gradually streamlined its business registration framework to encourage foreign investment and new business development.

1. Choose the Appropriate Business Structure

The first step in establishing a company in Vietnam is selecting the right legal structure. The most common options include:

• Limited Liability Company (LLC) – suitable for small and medium-sized businesses
• Joint-Stock Company (JSC) – typically used for larger enterprises or companies planning to raise capital
• Representative Office or Branch – for foreign companies seeking market presence or operational support in Vietnam

Foreign investors commonly establish 100% foreign-owned LLCs or joint ventures with local partners.

2. Obtain Investment Approval (For Foreign Investors)

Foreign investors usually need to apply for an Investment Registration Certificate (IRC) before forming the company. This document confirms the investment project and outlines key details such as business activities, capital, and location.

3. Register the Company

After obtaining the IRC, the investor must apply for an Enterprise Registration Certificate (ERC). This registration officially establishes the company as a legal entity in Vietnam.

Key registration requirements typically include:

• Company charter and shareholder information
• Registered office address
• Business scope and capital structure

4. Complete Post-Registration Procedures

Once the company is registered, several additional steps are required before operations begin, including:

• Obtaining and managing the company seal in accordance with company regulations
• Opening a corporate bank account
• Tax registration and accounting setup
• Obtaining any industry-specific licenses if required

5. Compliance and Ongoing Operations

Companies in Vietnam must comply with local regulations related to tax filings, accounting standards, labor laws, and annual reporting.

Many international entrepreneurs choose to work with professional corporate service providers such as Offshore Company Corp to navigate the company formation process, regulatory requirements, and ongoing compliance in Vietnam.

Disclaimer

This article is for general informational purposes only and does not constitute legal, tax, or investment advice. Business regulations and foreign investment rules in Vietnam may change over time.