Complete Guide to Company Registration in Vietnam

Temporary physical office solutions available?YesYesYesYesYesYesPublic register of companyYesYesYesYesYesYesYou need a local resident as bank signatory?NoNoNoNoNoNo

Withholding tax on payments to individual shareholders?

5%5%5%5%5%5%Must file annual financial statements?YesYesYesYesYesYes

Withholding tax on payments to parent company?

0%0%0%0%0%0%Dividends received are legally tax exempt?YesYesYesYesYesYesSecurity deposit to be kept with Government?NoNoNoNoNoNoMust sign an office lease agreement?YesYesYesYesYesYes

Shareholders and directors documents to be attested?

YesYesYesYesYesYesForeign director needs a tax number?NoNoNoNoNoNoForeign director needs a residence visa?NoNoNoNoNoNo

Shareholders and directors documents to be translated?

YesYesYesYesYesYesThe entity will likely be regulated by?MPIMPIMPIMPIMPIMPISponsorship by a local citizen required?NoNoNoNoNoNoCompany can hire local staff?YesYesYesYesYesYesMaximum number of staff allowed?No limitNo limitNo limitNo limitNo limitNo limitExpatriate to local staff ratio?NoneNoneNoneNoneNoneNoneCompany can rent local office space?YesYesYesYesYesYes