Guide to Establishing a Limited Liability Company in Vietnam

In order to establish a limited liability company in Vietnam (also known as a foreign-invested enterprise if the shareholders are foreigners), the following two requirements must be met.

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1) The director of a foreign-invested enterprise in Vietnam must be a resident of Vietnam.

If a foreigner wishes to establish a company by moving, it is possible to register the company after renting a place such as a hotel or Airbnb for a short period of time and receiving proof of a local residence address.

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2) The registered business address of a foreign-invested company in Vietnam must be a commercial address.

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There is no minimum capital requirement for IT businesses, but you must deposit a minimum of US$5,000 to US$10,000 into the company's account after the company is established. If you plan to apply for a business visa in Vietnam, we recommend that you deposit at least US$20,000.

Cost of establishing a Vietnam Limited Liability Company (foreign-invested company) :

Establishment cost: US$ 11,350

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Included in the establishment cost:

1) Vietnam company establishment handling cost: US$ 3,500

- Investment Registration Certificate (Investment Registration Certificate)

- Business Registration Certificate (Business Registration Certificate)

- Company seal registration

- Account opening arrangement

- Purchase and registration of electronic tax filing device (e-token)

- Government fees

- Notarization fees in Vietnam

- Translation fees (English --> Vietnamese up to 20 pages)

- Company seal production

2) Annual service fee for the address of the registered business in Vietnam: US$ 850

3) Annual service fee for local registered directors: US$7,000 (US$4,000 if only six months of service is used)

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Company establishment time required:

At least six weeks (after submitting all documents to the registry)

* In the case of expedited service, an additional US$7,000 will be added to the establishment fee, and it will take five to seven business days after submitting the establishment documents to the registry.

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Possible costs after establishment:

1) Employment visa + residence card (2 years of residency) Handling fee: US$ 2,000 per person (at least 4 months required)

2) Business visa (valid for 3 months) Handling fee: US$ 500 per person (at least 6 weeks required)

3) Business visa (valid for 3 months) Expedited handling fee: US$ 1,000 per person (takes at least 7 business days)

4) Accounting settlement, audit, and tax filing fee: A separate quote will be provided after the transaction details are identified.

5) Value-added tax filing: A separate quote will be provided.

* For Vietnamese companies, quarterly VAT reports, quarterly business income reports, withholding tax reports, and foreign-invested company reports must be submitted, and at the end of the year, annual VAT reports, annual business income reports, and corporate tax returns must be submitted, and an audit must be conducted.

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Required documents for foreign-invested company reports:

1. Natural person shareholders

- Passport Apostille + Vietnamese consular confirmation

- Bank transaction statement (if in English, it must be translated into Vietnamese. If you request it from us, we will provide a separate quote after checking the documents)

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2. Corporate Shareholders

- Corporate registration certificate apostille + Vietnamese consular confirmation

- Passport apostille of the director and representative of the corporation + Vietnamese consular confirmation

- Audit reports for the past two years Apostille + Vietnamese consular confirmation (if in English, it must be translated into Vietnamese. If you request it from us, we will provide a separate quote after checking the documents. If the company was established less than a year ago, we will provide a statement of corporate account transactions)

- Articles of incorporation (if in English, it must be translated into Vietnamese. If you request it from us, we will provide a separate quote after checking the documents)

- List of directors (If in English, it must be translated into Vietnamese. If you request it from us, we will provide a separate quote after checking the documents)

- List of shareholders (If in English, it must be translated into Vietnamese. If you request it from us, we will provide a separate quote after checking the documents)

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3. Natural person director

- If the director is a local resident of Vietnam, a notarized copy of the Vietnamese ID or the original Vietnamese ID card and proof of residence in Vietnam within the last three months

- If a foreigner who does not have a proof of residence in Vietnam wishes to be registered as a director in addition to moving to Vietnam, he/she can be registered as a chairman, and in this case, he/she must provide an apostille of his/her passport + a consular confirmation document from the Vietnamese consulate.

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4. Lease contract for a local office in Vietnam

(If there is no registered business address in the local area, you can use our service to establish a company)