Establishing A Company In Vietnam: A Quick Guide 2023 (Infographic)

A Limited Liability Company is the most common structure used by investors when entering the Vietnamese market, as it offers flexibility and benefits in various business scenarios, allowing a 100% foreign ownership for a wide range of business lines as listed in the World Trade Organisation agreement which Vietnam commenced following from 2007.

The process of registering a company in Vietnam generally involves the submission of an application file to the Department of Planning and Investment. Subsequent to obtaining the licenses, the company is required to undertake certain post-licensing procedures.

This guide looks at the requirements and steps needed to register a foreign owned enterprise in Vietnam.

• Step 1: Preparing the key documents required for the application process
• Step 2: Application for an Investment Registration Certificate (the IRC)
• Step 3: Application for an Enterprise Registration Certificate (the ERC)
• Step 4: Initial post establishment registrations (procedures implemented after incorporating of a new company in Vietnam

Download our quick guide infographic as a reference for following the steps to incorporation.