Lawyer
Expert in international corporate, IT, and crypto law. Has extensive experience in business setup and support in the USA, EU, LATAM, and the Middle East. Specializes in corporate structuring, compliance, KYC/AML, IP, GDPR, as well as regulation of crypto and fintech projects.
Company registration in Vietnam
Vietnam is gradually becoming one of the most dynamic economies in Southeast Asia. The country offers a favorable business environment, a competitive tax system and active government support for foreign investors. For entrepreneurs seeking access to Asian markets or wanting to diversify their operations outside of Europe, Vietnam is a logical and strategically advantageous choice.
Main organizational and legal forms
Foreign investors can register a company in Vietnam in one of the following forms:
- Limited Liability Company (LLC) — the most common format, which can be single-member or with several participants. Provides limited liability of owners.
- Joint Stock Company (JSC) — an analogue of a joint-stock company, suitable for large projects that plan to attract capital.
- Representative Office (RO) — a representative office without the right to commercial activity, which is used for marketing or research purposes.
- Registration of a foreign company requires obtaining an Investment Registration Certificate (IRC) and an Enterprise Registration Certificate (ERC). These documents are issued by the Department of Planning and Investment (DPI) at the place of registration. The total period for establishing a company is about 30 days.
Tax system
Vietnam has a stable and predictable tax policy:
- Corporate income tax (CIT) — 20%. For certain industries (technology, education, ecology) preferential rates from 10% to 17% may apply.
- Value added tax (VAT) — standard rate of 10%, reduced by 5% for socially important goods and services.
- Dividend tax — 0% for domestic companies, 5–10% for non-residents. In addition, Vietnam has double taxation agreements with more than 80 countries, including Ukraine.
Bank account and compliance
After receiving registration certificates, the company opens an account with a bank registered in Vietnam (for example, Vietcombank, Techcombank, BIDV). Foreign owners must confirm the source of investment and the movement of funds is monitored in accordance with AML/KYC requirements. Annual financial statements are filed with tax authorities and may be subject to mandatory audit if the company exceeds established turnover thresholds.
Who is suitable for?
Vietnam is not only a country of textiles and electronics. Today, IT, logistics, trade, agro-processing, fintech and education are actively developing here.
Thanks to a stable economy, low operating costs and a favorable geographical location between China and ASEAN countries, the jurisdiction is suitable for:
- manufacturing companies looking for an alternative to China;
- IT companies providing services to clients in Asia;
- trade structures importing or exporting goods;
- holding companies planning to diversify their business.
Conclusions
Vietnam is an open economy that actively attracts foreign investment. Registering a company here requires some bureaucratic preparation, but in return it opens access to one of the most promising markets in Asia. Key advantages are a stable tax system, preferential conditions for investors, membership in numerous trade agreements (including ASEAN and CPTPP). For a successful start in Vietnam, it is necessary to take into account local requirements for corporate structure, reporting and currency control. With proper planning, Vietnam can become an effective platform for Asian business with competitive taxes, broad export potential and stable economic growth. Registering a company in another jurisdiction is always a matter not only of formalities, but also of reputation, time and security. We accompany clients from analyzing the business structure to opening an account in a Vietnamese bank, taking on full legal support.
Our key advantages:
- experience working with Asian jurisdictions (Vietnam, Singapore, Hong Kong, Malaysia);
- deep understanding of local tax legislation;
- the ability to structure the business to avoid double taxation;
- support in opening a corporate account and obtaining an Investment Certificate;
- transparent communication, without hidden fees and formalities.
If you want to legally enter the Asian market, minimize tax risks and avoid bureaucracy, registering a company in Vietnam through our team will be the most effective solution for you. We help you do it quickly, legally and with all the details that affect the tax and corporate security of your business.
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