Company Registration in Vietnam
Whether you are an Indian entrepreneur looking to foray into the energetic Asian market, or an American or European entrepreneur looking to enter one of the most promising economies of the region, company registration in Vietnam is the strategic entry point. However, the business registration process of foreigners is always complex and mind-boggling. YKG Global makes this process convenient, easy, and smooth for individuals as well as corporations.
Why Register Your Company in Vietnam?
Vietnam has evolved as a robust and resilient economy with the hallmark feature of a dynamic free-market system with attractive low taxation policies. Being a member of the World Trade Organization (WTO) and the Association of Southeast Asian Nations (ASEAN), the registered companies in Vietnam enjoy extensive trade agreements coupled with a business-friendly environment. The main benefits are:
- Access to the Asian Market: Setting up a company in Vietnam opens doors to one of Asia's largest and most vibrant consumer markets, and rapid market penetration is ensured.
- Stable Economic Growth: Vietnam has a well-performing GDP growth rate, which goes well with a solid regulatory framework; thereby creating an environment that is apt for business.
- Skilled Labour Force: The country has a multilingual, diverse and highly educated workforce that could be used to satisfy the needs of different industries.
Favorable tax regime; Vietnam is known for having relatively low corporate tax rates and many incentives for foreign investors. International companies are attracted to expand in this country.
Geographically strategic: At the crossroads of Southeast Asia, Vietnam offers good connectivity with other major economies in the region.
Registration Process of Vietnam Company
1. Reservation of Company Name: The chosen name for the company should be put under local reservation rules and restrictions.
2. Register your Company: An application to register the company with the Department of Planning and Investment is done in order to formally register your company in Vietnam.
3. Registered Address: We assist you in obtaining an address for a registered office in Vietnam for any legal obligation or requirement.
4. Nominee Director Services: We shall be able to provide nominee director services by experienced professionals who would ensure that the local governance requirements are fulfilled and laws are adhered to.
5. Opening Corporate Bank Accounts: For you, we shall
open corporate bank accounts at reputable local or international banks so business banking can be conducted smoothly.
6. Licensing for Business Operation: Depending on your business model, we can assist you with all necessary licenses under Vietnamese law to begin doing business activities.
Types of companies in Vietnam
1. LLC (Limited Liability Company): The most common business structure for SMEs, which is a one-person company that requires at least one shareholder and one director.
2. Joint stock company (JSC): This structure is more suited to big businesses because the public shares are issued, with a minimum capital requirement.
3. Branch office: Foreign companies can easily establish branch offices without having to form a separate legal entity.
4. Representative Office: Suitable for non-commercial activities, such as market surveys and promotion.
Required Documents for Vietnamese Company Registration
KYC documents
Address proof
Articles of Association
Power of Attorney
Bank reference letters
What Makes YKG Global Different?
- Personalized Professional Facilitation: Assistance every step of the way wipes away the bureaucratic red tape inherent to doing business registration in Vietnam.
Comprehensive Service Package: The entire company setting up process is ensured, including registration and establishment of the banking and all licenses needed.
Fast Process Timeline: Your business will be set up within a very short time of 7 weeks.
Remote Registration : You will not need to visit Vietnam physically to register; our consultants will handle all the paperwork for you.
By working with YKG Global, cuts down the intricacies of company registration in Vietnam. It helps get back to other important matters like building and growing a business in this exciting market.
