One-stop business incorporation in Vietnam
Greenhouse empowers you to start doing business in Vietnam with ease. Our network connects startups, SMEs, service providers, government agencies, accelerators, and more, helping everyone achieve their goals.
Helping you set up the business that suits you best
LIMITED LIABILITY COMPANY (LLC)
Best for: Small and medium-sized enterprises (SMEs) looking for local-foreign share ownership which is the most common legal entity type in Vietnam
JOINT STOCK COMPANY (JSC) / SHAREHOLDING
Best for: Medium to large enterprises planning long-term investments with public shareholding
REPRESENTATIVE OFFICE
Best for: Foreign entrepreneurs looking to gain local presence without conducting commercial activities before expanding to the country
Benefits of incorporating through Greenhouse
INITIAL CONSULTING
Our consultants help you understand and review the different incorporation options in your target markets according to your needs.
BUSINESS ACTIVITY SEARCH
Based on your business purpose, we will help you to comply with the conditions set for foreign direct investment (FDI) operation.
PRE-NEGOTIATED PRICING
Our service agreement ensures that you always get the best pricing quotations for your business incorporation project.
COMPANY NAME RESERVATION
We will prepare your company name application and submit it to Trade Register, the registration body.
TRANSPARENT PROJECT UPDATES
No more confusion — we’ll give you all the information you need about requirements or progress updates for every step of the process.
ESSENTIAL ADD-ON SERVICES
If necessary, we will support you with add-on services such as corporate secretarial service or registered address for a stronger legal presence.
FAQ
Here are the answers to the most popular questions about incorporating in Vietnam, asked by businesses just like you.
Yes, The incorporation process of each legal entity type is different and takes around one to three months from the Department of Planning and Investment (DPI).
In general, foreign investors should pursue two main certificates, which are Investment Registration Certificate (IRC) and Business Registration Certificate (BRC) / Enterprise Registration Certificate (ERC). In some cases, if the nature of business acitivity falls under the Negative List, some sub-licenses of business will be required. Thus, it takes more time than expected.
Normally, to set up a limited liability in Vietnam, you are required:
- Determine whether region ownership is allowed in the company or not
- (Under negative list and WTO commitments, foreign ownership can be allowed up to 100%, however, some business activity, foreign ownership will be restricted or even prohibited)
- Have a registered Vietnam’s office address and business location (in case office and business location are different)
- Appoint at least one resident legal representative, open a capital account with a local bank, required for share capital injection and transfers of future earnings abroad
- Obtain approval for a foreign investment registration certificate (IRC), enterprise registration certificate (ERC), and other sub-licenses (if any)
Department of Planning and Investment decides on the minimum capital requirement depending on how capital-intensive is the field of business. The most common amount of minimum capital for a limited liability company is USD 10,000.
This amount is relatively small compared to other similar markets. In Vietnam, for example, the minimum amount of paid-up capital is ~USD 175,000. Whereas, the joint-stock company needs a minimum of 10 Billion VND or +/- US$440,000 if the trading stock market
However, it is also possible to set up a service company with a minimum capital of USD 3,000. For manufacturing, the funds should exceed the cost of machinery.
Although now Vietnam allows 100% foreign ownership, having a local company will be a strategic option for you. A company is considered local if at least 51% of the company is owned by a local. This could help you to reduce time and cost spent on corporation and licensing.
A representative office gives you a legal presence in Vietnam without setting up a company and is ideal for:
- conducting market research
- finding investment opportunities
- outreaching business partners in Vietnam
- promoting the parent company
- supervising agreement signings with Vietnamese partners
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