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Vietnam offshore company formation

Set up a 100% foreign owned company in Vietnam (Wholly foreign-owned LLC)

The Vietnam joint venture company (Partly foreign-owned LLC)

  • - The third largest market in Southeast Asia and one of the fastest-growing economies in the world.
  • - A commercially important "link bridge" on the world maritime map. This will be a great advantage in economic development and regional exchanges.
  • - Stable political background, a complete legal system and an application of information technology in state administrative management.
  • - Vietnam’s intellectual property laws are open and transparent.
  • - Skilled Workforce & attraction of talents.
  • - Tax rate and CIT incentives of some business line and investment areas are very attractive to the investors.
  • - Vietnam has signed several Free Trade Agreements with countries worldwide, member of ASEAN Free Trade Area, a trade bloc agreement between Indonesia, Malaysia, Philippines, Singapore, Thailand, Laos, Myanmar, Cambodia.
  • - Vietnam has concluded 7 regional and bilateral FTAs, including Vietnam European Union FTA and ASEAN Hong Kong FTA as well as has 70 double tax agreements.
Hong Kong (HK) offshore company formation

Suitable for Vietnam company registration:

Trading opportunities
Trading opportunities
Foreign direct investment
Foreign direct investment
Education
Education
High-tech productions
High-tech productions
Manufacturing company
Manufacturing company
Healthcare businesses
Healthcare businesses

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Vietnam company registration in 4 Easy Steps

Preparation

1. Preparation

Request free company name search. We check the eligibility of the name, and make suggestion if necessary.

Filling

2. Filling

  • Register or login and fill in the company names and director/ shareholder(s).
  • Fill in shipping, company address or special request (if any).
Payment

3. Payment

Choose your payment method (We accept payment by Credit/Debit Card, PayPal or Wire Transfer).

Delivery

4. Delivery

  • You will receive soft copies of necessary documents including: Certificate of Incorporation, Business Registration, Memorandum and Articles of Association, etc. Then, your new company in a jurisdiction is ready to do business!
  • You can bring the documents in company kit to open corporate bank account or we can help you with our long experience of banking support service.
Required documents for Vietnam company registration
  • Scan of Notarized Passport.
  • Scan of Notarized Address Proof (Utility bill such as Gas, Water, Electricity bill). For non-Vietnamese documents: legalization, translate to Vietnamese, certify the translation. For Vietnamese documents: certify true copy.

Attractive Cost For Vietnam offshore company formation

From

US$ 499 Service Fees

Vietnam Company Formation Fees

  • Done within 10 working days
  • 100% successful rate
  • Fast, easy & highest confidential via secured systems
  • Dedicated support (24/7)
  • Just Order, We Do All For You

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Vietnam Company Formation with the main characteristics

Wholly foreign-owned LLC (100% foreign-owned company in Vietnam)

General Information
Type of Business Entity Wholly foreign-owned LLC
Corporate Income Tax 20%
British Based Legal System Law on Enterprises
Double Tax Treaty Access Yes
Incorporation Time Frame (Approx., days) 10 working days
Corporate Requirements
Minimum Number of Shareholders 1
Minimum Number of Directors 1
Corporate Directors Permitted No
Standard Authorized Capital/Shares US$10,000
Local Requirements
Registered Office/ Registered Agent Yes
Company Secretary Yes
Local Meetings Anywhere
Local Directors / Shareholders Local Director is required. Local Shareholders is not required
Publicly Accessible Records Yes
Annual Requirements
Annual Return Yes
Audited Accounts Yes
Incorporation Fees
Our Service Fee (1st year) US$ 649.00
Government fee & Service charged US$ 199.00
Annual Renewal Fees
Our Service Fee (year 2+) US$ 0.00
Government fee & Service charged US$ 199.00

Partly foreign-owned LLC (The Vietnam joint venture company)

General Information
Type of Business Entity Partly foreign-owned LLC
Corporate Income Tax 20%
British Based Legal System Law on Enterprises
Double Tax Treaty Access Yes
Incorporation Time Frame (Approx., days) 10 working days
Corporate Requirements
Minimum Number of Shareholders 1
Minimum Number of Directors 1
Corporate Directors Permitted No
Standard Authorized Capital/Shares US$ 50,000
Local Requirements
Registered Office/ Registered Agent Yes
Company Secretary Yes
Local Meetings Anywhere
Local Directors / Shareholders Yes
Publicly Accessible Records Yes
Annual Requirements
Annual Return Yes
Audited Accounts Yes
Incorporation Fees
Our Service Fee (1st year) US$ 519.00
Government fee & Service charged US$ 199.00
Annual Renewal Fees
Our Service Fee (year 2+) US$ 0.00
Government fee & Service charged US$ 199.00

Download forms - Vietnam Company Formation

1. Application Formation Form

Description QR Code Download
Application for Limited Company
PDF | 1.91 MB | Updated time: 14 Mar, 2020, 10:45 (UTC+08:00)

Application form for Limited Company processing

Application for Limited Company Download
Application Formation Form LLP LLC
PDF | 1.80 MB | Updated time: 03 Jan, 2020, 12:24 (UTC+08:00)

Application Formation Form LLP LLC

Application Formation Form LLP LLC Download

2. Business Plan Form

Description QR Code Download
Business Plan Form
PDF | 1,015.78 kB | Updated time: 04 Jan, 2020, 11:16 (UTC+08:00)

Business Plan Form for Company Incorporation

Business Plan Form Download

3. Information Update Form

Description QR Code Download
Information Update Form
PDF | 5.52 MB | Updated time: 06 Jan, 2020, 11:48 (UTC+08:00)

Information Update Form for completing the Registry’s statutory requirements

Information Update Form Download

4. Rate card

Description QR Code Download
Vietnam Wholly foreign-owned LLC Rate card
PDF | 565.75 kB | Updated time: 13 Dec, 2023, 15:42 (UTC+08:00)

Vietnam Wholly foreign-owned LLC Rate card

Vietnam Wholly foreign-owned LLC Rate card Download
Vietnam Partly foreign-owned LLC Rate card
PDF | 560.74 kB | Updated time: 13 Dec, 2023, 15:42 (UTC+08:00)

Vietnam Partly foreign-owned LLC Rate card

Vietnam Partly foreign-owned LLC Rate card Download

5. Sample Documents

Description QR Code Download
FAQs

Company Formation Frequently Asked Questions (FAQs) - Vietnam Company Formation

1. How do I register a company in Vietnam if I am a foreigner?

Foreigners are allowed to register their company in Vietnam for starting a business.

In most industries, they can own 100% of the shares of their business. In a few selected industries, company registration in Vietnam is only allowed in a joint venture agreement with a Vietnamese individual or corporate shareholder.

One IBC’ Vietnam company registration specialist will advise you with regards to the need for a joint venture partner.

Read more:

2. Does registration of a Vietnam business differ from registration of a foreign-owned one?

Yes. in many ways.

Foreigners registering a new business in Vietnam are notably required to open a capital account in the country, which they will have to use in other to inject their company’s share capital.

Read more: The first step in setting up a company in Vietnam

3. In Order to Carry Out an Investment Project in Vietnam in WFOE or JV Form, must an Investor Set Up a Vietnamese Legal Entity?

Not necessarily. A foreign investor may set up a new legal entity as a wholly foreign-owned enterprise (“WFOE”) or as a JV (and contribute capital to this entity): in this case, an investor must apply both for an investment registration certifcate (“IRC”) and an enterprise registration certifcate (“ERC”), which was formerly called a business registration certifcate (“BRC”). A foreign investor may also contribute capital to an existing legal entity in Vietnam, which does not require an issuance of an IRC or ERC.

Thus, in respect of foreign investors carrying out their frst project in Vietnam, the incorporation of the Vietnamese legal entity takes place simultaneously with the licensing of their frst project. In other words, a foreign investor cannot incorporate a legal entity without a project. However, subsequent to the frst project, an investor may carry out additional projects either using the established legal entity or by setting up a new entity.

Read more:

4. What types of Vietnamese legal entities are available?

A foreign investor (just like a local investor) may select one of the following Vietnamese legal entities to carry out a project:

  • A limited liability company (“LLC”), in the form of either a single-member LLC (“SLLC”) or an LLC with two or more (up to a maximum of 50) members (“MLLC”).
  • A shareholding or joint stock company (“JSC”) which is a company with at least three shareholders but no maximum number of shareholders.
  • A general partnership or a limited liability partnership.
  • A private enterprise (akin to a sole proprietorship).

Read more:

5. What factors should a foreign investor consider in deciding whether to choose a JV (Partly foreign-owned LLC (The Vietnam joint venture company)?

The two main factors that lead a foreign investor to choose a JV are:

  • (i) some business sectors in Vietnam require a JV to establish a commercial presence in Vietnam; and
  • (ii) the Vietnamese party has a key asset, local know-how and knowledge, or other factors that make the JV the preferred choice.

For example, in real estate development projects, the Vietnamese party usually has the land use rights, which by law cannot be directly transferred to a foreign investor, but may be contributed into a JV.

Read more:

6. What are the Vietnam Corporate Income Tax (CIT) rates?

The standard Vietnam corporate income tax (CIT) rate is 20%, though enterprises operating in the oil and gas sectors will be subject to rates between 32% and 50%;

Dividends paid by a Vietnamese company to its corporate shareholders will be completely tax exempt. Furthermore, no withholding tax will be imposed on dividends remitted to overseas corporate shareholders. For individual shareholders, the withholding tax will be 5%;

Interest payments and royalties paid to non-residents individuals or corporate entities will be subject to withholding tax of 5% and 10% respectively;

Personal income tax for residents is levied under a progressive system, ranging between 5% and 35%. However, for non-resident individuals, the tax is levied at a flat rate of 20%.

Read more:

7. What are the Value Added Tax (VAT) Rates in Vietnam?

There are three VAT rates in Vietnam : zero percent, 5%, and 10%, depending on the nature of the transaction.

Vietnam tax rate of zero percent applies to exported goods and services, international transportation and goods and services not liable to value-added; offshore reinsurance services; credit provision, capital transfer and derivative financial services; post and telecommunications services; and exported products which are unprocessed mined resources and minerals.

Read more:

 

8. Setting up company in Vietnam does has to Tax filings?

Annual corporate income tax returns must be filed with the General Department of Taxation within 90 days from the end of the fiscal year. However, the company will be required to make quarterly income tax payments, based on estimates.

Accounting records must be kept in the local currency, which is the Vietnamese Dong. They must also be written in Vietnamese, though they may be accompanied by a common foreign language such as English.

A Vietnam-based auditing company must audit annual financial statements of foreign business entities. These statements must be filed with the licensing agency, the Ministry of Finance, the statistics office, and tax authorities 90 days before the end of the year.

Read more:

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