Setting Up a Foreign-Owned Business in Vietnam

Asia Excellence offers comprehensive consulting support for clients who wish to establish a 100% foreign-owned enterprise in Vietnam with the most favorable costs and in the shortest time possible. We help foreign investors navigate business operations in Vietnam without handling legal procedures themselves. Particularly, we provide guidance on tax procedures before and during commercial activities in Vietnam. We will be your best business support advisor.

Process of Establishing a 100% Foreign-Owned Company in Vietnam

1. Consultation on Legal Contents for Setting Up a 100% Foreign-Owned Company

• Advising on the organizational structure of a 100% foreign-owned company.
• Consulting on legal regulations related to business areas of 100% foreign-owned companies.
• Providing advice on legal regulations concerning company capital and headquarters location.
• Consulting on tax-related legal regulations.
• Advising on legal regulations regarding incentives for 100% foreign-owned companies.

2. Guiding Investors in Preparation for Establishing a 100% Foreign-Owned Company

• Guiding investors to legalize foreign documents.
• Assisting investors with other procedures to establish a 100% foreign-owned company in Vietnam.
• Helping investors prepare legal documents.
• Guiding investors to demonstrate their financial capability.

3. Steps Taken Under Vietnamese Law to Apply for a License to Establish a 100% Foreign-Owned Company

• Collecting and guiding investors to prepare necessary documents for a 100% foreign-owned company.
• Completing the application for an investment certificate.
• Representing clients in procedures to apply for an investment certificate.
• Representing clients in procedures to apply for a business registration certificate (company establishment) and public tax law granting (according to the new 2014 Enterprise Law and Investment Law).
• Representing clients in procedures to apply for a company seal and seal certificate.
• Posting seal and business information declarations on the national business portal (according to the new 2014 Enterprise Law).
• Guiding clients on tax declaration and signing lease contracts after company establishment.

4. Documents Required for Establishing a 100% Foreign-Owned Company

For Individual Investors:

• Certified copy of the foreign investor’s passport.
• Financial evidence of the foreign investor, including a bank contract showing financial strength and bank account balance.
• Documents proving the right to use the headquarters and the execution location of the investment project (company’s registered headquarters).

For Institutional Investors:

• Copy of the business registration certificate (authenticated for domestic companies; consular legalized for foreign companies).
• Financial statements (consular legalized for foreign companies).
• Certified copy of the passport of the investor’s representative.
• Authorization documents for the representative (consular legalized for foreign companies).
• Documents proving the lawful use of the enterprise’s headquarters (lease/individual office or organization with legal lease functions).
• Investor’s experience profile.

Note: Depending on the investment registration, additional documents may be required. Asia Excellence will guide and lead investors to be fully prepared for the process.

Additional Service: Registering a Branch Company of a Foreign Company in Vietnam

Asia Excellence also assists in registering a branch company of a foreign company in Vietnam. The procedure for obtaining the necessary investment papers is similar to that of a normal foreign-owned company but slightly more complex. Our team will provide tailored advice to ensure the process is smooth and compliant with all regulations.

Benefits of Establishing a Foreign-Owned Business in Vietnam

• Market Access: Vietnam offers access to a large and growing market with a young, dynamic, and increasingly affluent population.
• Strategic Location: Positioned in the heart of Southeast Asia, Vietnam serves as a gateway to other Asian markets.
• Investment Incentives: The Vietnamese government provides various incentives for foreign investors, including tax breaks and reduced land lease fees.
• Economic Stability: Vietnam boasts a stable economic environment with consistent growth, making it a favorable destination for foreign investment.
• Skilled Workforce: The country has a well-educated and skilled workforce, which is crucial for business operations.

Why Choose Asia Excellence?

• Expertise and Experience: Our team has extensive experience in assisting foreign investors with the legal and procedural aspects of establishing businesses in Vietnam.
• Comprehensive Support: From initial consultation to document preparation and representation in legal procedures, we provide end-to-end support.
• Local Knowledge: Our deep understanding of local regulations and market conditions ensures smooth and efficient business setup.
• Risk Minimization: We help mitigate risks by ensuring all legal and financial requirements are met, providing peace of mind for our clients.
• Client-Centric Approach: We prioritize our clients’ needs, offering personalized solutions tailored to their specific business goals.

By choosing Asia Excellence, you ensure a seamless and secure process for establishing your foreign-owned business or branch company in Vietnam, allowing you to focus on your core business activities and growth.