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| 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$10,000 |
| Local Requirements | |
|---|---|
| Registered Office/ Registered Agent | Yes |
| Company Secretary | Yes |
| Local Meetings | Anywhere |
| Local Directors / Shareholders | Local Director is required. Local Shareholders is not required |
| Publicly Accessible Records | Yes |
| Annual Requirements | |
|---|---|
| Annual Return | Yes |
| Audited Accounts | Yes |
| Incorporation Fees | |
|---|---|
| Our Service Fee (1st year) | US$ 499 |
| Government fee & Service charged | US$ 199 |
| Annual Renewal Fees | |
|---|---|
| Our Service Fee (year 2+) | US$ 0 |
| Government fee & Service charged | US$ 199 |
| 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$ 399 |
| Government fee & Service charged | US$ 199 |
| Annual Renewal Fees | |
|---|---|
| Our Service Fee (year 2+) | US$ 0 |
| Government fee & Service charged | US$ 199 |
| Description | Download |
|---|---|
Application for Limited CompanyPDF | 1.91 MB | Updated time: 14 Mar, 2020, 10:45 (UTC+08:00)Application form for Limited Company processing |
|
Application Formation Form LLP LLCPDF | 1.80 MB | Updated time: 03 Jan, 2020, 12:24 (UTC+08:00)Application Formation Form LLP LLC |
| Description | Download |
|---|---|
Business Plan FormPDF | 1,015.78 kB | Updated time: 04 Jan, 2020, 11:16 (UTC+08:00)Business Plan Form for Company Incorporation |
| Description | Contact Us |
|---|---|
Information Update FormPDF | 5.52 MB | Updated time: 06 Jan, 2020, 11:48 (UTC+08:00)Information Update Form for completing the Registry’s statutory requirements |
| Description | Download |
|---|---|
Vietnam Wholly foreign-owned LLC Rate cardPDF | 620.63 kB | Updated time: 21 Apr, 2020, 17:39 (UTC+08:00) |
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Vietnam Partly foreign-owned LLC Rate cardPDF | 518.07 kB | Updated time: 05 Jan, 2021, 10:36 (UTC+08:00) |
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.
Our Vietnam company registration specialist will advise you with regards to the need for a joint venture partner.
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.
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%.
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
A foreign investor (just like a local investor) may select one of the following Vietnamese legal entities to carry out a project:
The two main factors that lead a foreign investor to choose a JV are:
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.
