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  • Can a foreign investor set up a foreign-owned company in Vietnam?
    Yes, it’s possible to set up 100% foreign-owned company in moist industries.
  • Can a foreign trade set up a representative office in Vietnam?
    Yes, it’s totally possible.
  • What types of company can a foreign investor register in Vietnam?
    02 types of company that foreign investor may register: Liability Limited Company (LLC) Joint Stock Company (JSC)
  • Is there a minimum capital required for new company registration in Vietnam?
    It’s not required a minimum paid-up capital for most industries
  • Is it required to have a local partner or a resident director when establishing a new company in Vietnam?
    No, it is not.
  • Is it required a registered office address for new company in Vietnam?
    Yes, it’s. Virtual office address is also acceptable for small business.
  • What business licenses are required to get when opening a new company in Vietnam?
    There are 2 typical licenses to obtain: Investment Registration Certificate (IRC); Enterprise Registration Certificate (ERC).
  • How long does it take to set up a full company or a representative office in Vietnam?
    It usually takes around 01 month plus.
  • What documents/ information to prepare for new business setup in Vietnam?
    If the founder is an individual, documents to prepare: Passport of individual investor; Bank statement within 3-latest months Office lease agreement/ MOU If the founder is a company/ legal entity, it’s required to prepare: Incorporation certificate/ Business license; Article of Association; Audited financial statements with 02 latest years Office lease agreement/ MOU for new company in Vietnam Passport of legal representative of new company in Vietnam
  • What are the tax rates in Vietnam?
    The standard Corporate Income Tax (CIT) rate in Vietnam is 20%, while the standard Value-Added Tax (VAT) rate is 10% and Personal Income Tax (PIT) rate is followed by progressive rate (5-35%) based on incomes.
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Frequently Asked Questions

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