{"id":25426,"date":"2020-07-13T02:00:42","date_gmt":"2020-07-13T01:00:42","guid":{"rendered":"https:\/\/www.saporedicina.com\/english\/?p=25426"},"modified":"2022-03-11T12:46:45","modified_gmt":"2022-03-11T11:46:45","slug":"open-company-in-vietnam","status":"publish","type":"post","link":"https:\/\/www.saporedicina.com\/english\/open-company-in-vietnam\/","title":{"rendered":"How to Open a Company in Vietnam as a Foreigner"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.saporedicina.com\/english\/wp-content\/uploads\/2020\/06\/open-a-company-in-vietnam.jpg\" title=\"How to Open a Company in Vietnam\" alt=\"How to Open a Company in Vietnam\" width=\"700\" height=\"376\" class=\"aligncenter size-full wp-image-25427\" srcset=\"https:\/\/www.saporedicina.com\/english\/wp-content\/uploads\/2020\/06\/open-a-company-in-vietnam.jpg 700w, https:\/\/www.saporedicina.com\/english\/wp-content\/uploads\/2020\/06\/open-a-company-in-vietnam-300x161.jpg 300w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/p>\n<div class=\"indexsdc\">\n<ol>\n<li><a href=\"#company-vietnam-1\">The pros of opening a company in Vietnam<\/a><\/li>\n<li><a href=\"#company-vietnam-2\">The cons of opening a company in Vietnam<\/a><\/li>\n<li><a href=\"#company-vietnam-3\">How to open a company in Vietnam<\/a><\/li>\n<li><a href=\"#company-vietnam-4\">The total cost of registering and maintaining a company in Vietnam<\/a><\/li>\n<li><a href=\"#company-vietnam-5\">How to open a business bank account in Vietnam<\/a><\/li>\n<li><a href=\"#company-vietnam-6\">Frequently asked questions<\/a><\/li>\n<li><a href=\"#company-vietnam-7\">Get a free quotation from an agency that can help you to set up your Vietnam company<\/a><\/li>\n<\/ol>\n<\/div>\n<p><\/p>\n<h2 id=\"company-vietnam-1\">The pros of opening a company in Vietnam<\/h2>\n<ul class=\"space-list\">\n<li>Contrary to many other countries, businesses are not required to have minimum capital for most businesses in Vietnam. You can start a business without a large amount of charter capital in your pocket. You just need to make sure you have enough money to cover the expected costs of the company;<\/li>\n<li>\n<p>Vietnam is witnessing rapid changes in population and social structure. Vietnam&#8217;s population has increased to about 97 million in 2018 (from about 60 million in 1986) and is expected to increase to 120 million by 2050. Currently, 70% of the population is under the age of 35.<\/p>\n<p> The young labor force is very large and shows no sign of decreasing. In addition, the country has invested a lot of resources in education. Therefore, in addition to health, young Vietnamese workers are also skilled.<\/p>\n<p>Finally, salaries in Vietnam are very competitive, even for skilled workers;<\/p>\n<\/li>\n<p><strong><!--more--><\/strong><\/p>\n<li> Tax benefits might include lower corporate income tax or exempt, exemption from import duties, reduction or exemption of land use tax, and more;<\/li>\n<li>The rental price of land and office space is relatively cheap, depending on the facilities of the infrastructure, and the geographical location. Besides, industrial parks also rent out modern factories with cheap prices as well;<\/li>\n<li>\n<p>Vietnam has numerous trade agreements, including the ASEAN Free Trade Area (AFTA),  the World Trade Organization (WTO), then Bilateral Trade Agreement (BTA) signed with the United States, and the Vietnam &#8211; EU FTA Agreement.<\/p>\n<p>All of these agreements show that Vietnam is eager to promote national economic growth and will continue to sign other trade agreements with many countries;<\/p>\n<\/li>\n<li>\n<p><a href=\"https:\/\/www.saporedicina.com\/english\/finding-a-job-in-vietnam\/\" >Vietnam shows its openness to foreign<\/a> direct investors (FDI) through the actions of updating and adjusting investment regulations. Also, the country issued a number of incentives for foreign investors to invest in certain geographical areas or areas of special interest, such as high-tech or healthcare businesses.<\/p>\n<\/ul>\n<h2 id=\"company-vietnam-2\">The cons of opening a company in Vietnam<\/h2>\n<ul class=\"space-list\">\n<li>Investors need to have an office lease contract before registering to establish a company;<\/li>\n<li>Establishing an enterprise takes time, usually 25 days to 30 days, but it could be more. Therefore, Investors need to carefully prepare their plans;<\/li>\n<li>There are restrictions on a number of business lines for foreign traders, especially those that are not included in the international commitments, requiring investors to carry out investment evaluation and consult with the relevant ministries and branches. For example service of debt trading, property auction service, price appraisal, and others.<\/li>\n<\/ul>\n<h2 id=\"company-vietnam-3\">How to open a company in Vietnam<\/h2>\n<p>For the incorporation procedures, you only need to engage a <a href=\"https:\/\/premiatnc.com\/vn\/\" rel=\"noopener nofollow sponsored\" target=\"_blank\">professional firm<\/a> and send the documents to them via email\/courier. <\/p>\n<p>Your licensed agency will then check whether the name is available in Vietnam or is already taken.<\/p>\n<p>Next, you\u2019ll have to send a copy of your passport, business registration Certificate and fill the information in a questionnaire with standard questions such as an address, capital amount, business scope, legal representative officer, and shareholders (if you plan to open the company alone, you can be both legal representative officer and single shareholder).<\/p>\n<p>Few documents will be subject to legalization by the Vietnamese Embassy in your home country, such as the business registration certificate, or bank statements. <\/p>\n<p>The whole process to register the company should take around 25-30 days, but it might take more, depending on the kind of registered business activity.<\/p>\n<p>After the business registration is completed, you will be issued the Investment Registration Certificate (IRC), the Enterprise Registration Certificate (ERC), and the relevant sub-license (if any).<\/p>\n<p>You can then use the IRC and ERC to open the bank account in the bank of your choice. <\/p>\n<p>Opening a business bank account is not so difficult in Vietnam. However, you might have to go to Vietnam to open a bank account &#8211; this depends on the bank you choose. <\/p>\n<p>Note that you will have 90 days of time to fully inject the charter capital into the capital bank account, the date of ERC issuance.<\/p>\n<p><strong>Here the procedure to register a company in Vietnam:<\/strong><\/p>\n<ul class=\"space-list\">\n<li>Sign an engagement with a professional service agency  located in Vietnam, and pay the service fee;<\/li>\n<li>Provide an English name for your new company: the agency will translate the name into Vietnamese and check if the company is available;<\/li>\n<li>Provide your passport copy, an official copy of your residential address, a copy of the certificate of business registration (only if the shareholders are companies), and filled-up a questionnaire form with standard questions such as your address, passport number, and name of directors and shareholders (if you plan to open the company alone, you can be the sole director and shareholder);<\/li>\n<li>Provide any relevant business supporting documents such as financial statements of two last years (only if the shareholders are companies), or the bank statements;<\/li>\n<li>Provide a copy of the &#8220;Lease Agreement&#8221; for the company office. Note that if the address of the company is in a private house, then a copy of the land use right certificate is also necessary;<\/li>\n<li>Unless you have special requirements, the above mentioned required documents shall suffice for your agency to prepare the necessary company incorporation paperwork and send it to you via email for signature;<\/li>\n<li>Upon receipt of all the original signed incorporation documents, including the notarized passport copy and residential address proof, the agency will proceed to incorporate the company as well as submit the hard copies to the state agency.<\/li>\n<\/ul>\n<h2 id=\"company-vietnam-4\">The total cost of registering and maintaining a company in Vietnam<\/h2>\n<p>Here a breakdown of the company setup fee, provided by the agency that we recommend at the moment:  <\/p>\n<ul>\n<li>Company incorporation service: 1,550 USD<\/li>\n<li>Company announcement: 40 USD<\/li>\n<li>Company chop: 22 USD<\/li>\n<li>Buying token key for tax declaration: 87 USD<\/li>\n<li>License fee (exemption for the first year): 90 USD<\/li>\n<li>Buying electronic invoice: 30 USD<\/li>\n<li>Initial tax declaration: 150 USD<\/li>\n<li>Company signboard: 31 USD<\/li>\n<\/ul>\n<p><strong>Thus, the total is 2,000 USD<\/strong>.<\/p>\n<p>Note that the above costs might vary greatly according to the agency you will choose, and by your specific situation and requirements. <\/p>\n<p>Also, the above fees don\u2019t include the office rent fee or any accounting fee. Thus, make sure to get in touch with an agency and ask for a quotation. <\/p>\n<h3>Accounting, auditing, and more<\/h3>\n<p>You will need to file the monthly or quarterly tax declarations such as Value added tax (VAT), personal income tax (PIT), and annual corporate income tax return, as well as the declaration for foreign contractor withholding tax (if any).<\/p>\n<p>Also, the company needs to submit the yearly audited financial statements to the relevant state agencies, including:<\/p>\n<ul>\n<li>Tax authority<\/li>\n<li>Department of Planning and Investment<\/li>\n<li>Statistic Department<\/li>\n<li>Finance Department<\/li>\n<li>Board of Management of Industrial zone (only applied for the companies located in the industrial zones).<\/li>\n<\/ul>\n<p>The tax declarations and the audited financial statements need to be submitted in a timely manner to avoid any penalty.<\/p>\n<p>Therefore, you will need an accountant to prepare the accounting books and the financial statements for the company before the audit. <\/p>\n<p>You can hire an internal accountant or look for an accounting service.<\/p>\n<h2 id=\"company-vietnam-5\">How to open a business bank account in Vietnam<\/h2>\n<p>Opening a business bank account in Vietnam is not so complex. The list required documents includes the following:<\/p>\n<ul>\n<li>Passport\/ID card of the legal presentative officer;<\/li>\n<li>ID card of the chief accountant;<\/li>\n<li>Appointment letter of chief accountant;<\/li>\n<li>Investment Registration Certificate (IRC) to open capital bank account;<\/li>\n<li>Enterprise Registration Certificate (ERC) to open payment bank account;<\/li>\n<li>Company charter;<\/li>\n<li>Forms filled as per bank\u2019s requirement;<\/li>\n<li>Company seal.<\/li>\n<\/ul>\n<p>Also, you must keep in mind the following points: <\/p>\n<ul class=\"space-list\">\n<li>If you are opening a foreign-directed investment company, you must wire the initial capital to the capital bank account from overseas under the regulation of the State Bank of Vietnam. In addition, the investors must contribute registered charter capital within 90 days from the date of the enterprise registration certificate;<\/li>\n<li>Any invoice of at least 20 million VND &#8211; equivalent to around 862 USD &#8211; must be paid via bank transfer, for the tax purpose;<\/li>\n<li>After the bank account is opened, you need to register it to the Department of Planning and Investment within 10 days;<\/li>\n<\/ul>\n<h2 id=\"company-vietnam-6\">Frequently asked questions<\/h2>\n<div itemscope itemtype=\"https:\/\/schema.org\/FAQPage\">\n<div itemprop=\"mainEntity\" itemscope itemtype=\"https:\/\/schema.org\/Question\">\n<div itemprop=\"name\" class=\"accordionsdc\">Do I have to go to Vietnam to start a company?<\/div>\n<div itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" class=\"faqpanel\">\n<div itemprop=\"text\">Although it\u2019s usually recommended, if you can negotiate and complete the contract of office lease\/land lease with the lessor via internet and courier, you don\u2019t need to initially go to Vietnam. However, normally foreigners still visit Vietnam before setting up the company to choose the place of office or factory.<\/div>\n<\/div>\n<\/div>\n<div itemprop=\"mainEntity\" itemscope itemtype=\"https:\/\/schema.org\/Question\">\n<div itemprop=\"name\" class=\"accordionsdc\">Can a foreign person be 100% shareholder of a Vietnam company?<\/div>\n<div itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" class=\"faqpanel\">\n<div itemprop=\"text\">It depends on the kind of business activity of your Vietnam company. Your agency shall be able to advise you on this matter.\n<\/div>\n<\/div>\n<\/div>\n<div itemprop=\"mainEntity\" itemscope itemtype=\"https:\/\/schema.org\/Question\">\n<div itemprop=\"name\" class=\"accordionsdc\">How many legal representative officers does the company need?<\/div>\n<div itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" class=\"faqpanel\">\n<div itemprop=\"text\">A vietnamese company needs at least one legal representative officer.<\/p>\n<p>After the company registration is completed, the legal representative officer needs to be a resident in Vietnam. If he\/she cannot stay in Vietnam (he or she goes outside Vietnam over 30 days), he\/she can authorize another person to sign on the documents &#8211; such as contracts, tax reports, etc, &#8211; of the company by issuing an authorization letter.<\/p>\n<p>However, you shall carefully discuss this matter with your agency. <\/p>\n<p>Also, a Limited or Joint Stock company can register two legal representative officers or more.<\/p><\/div>\n<\/div>\n<\/div>\n<div itemprop=\"mainEntity\" itemscope itemtype=\"https:\/\/schema.org\/Question\">\n<div itemprop=\"name\" class=\"accordionsdc\">What is the minimum amount of capital required for opening a company in Vietnam?<\/div>\n<div itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" class=\"faqpanel\">\n<div itemprop=\"text\">For almost any business activity, Vietnam has no requirement for the minimum capital. <\/p>\n<p>However, for some business lines, the investor needs to register and inject money for the project as per the requirement of legal capital.<\/p>\n<p>Also, based on the fact that the state officers always review the finance competency to estimate the ability of the company to operate and maintain within at least three years, often agencies suggest injecting at least 30,000-50,000 USD as initial capital <\/p><\/div>\n<\/div>\n<\/div>\n<div itemprop=\"mainEntity\" itemscope itemtype=\"https:\/\/schema.org\/Question\">\n<div itemprop=\"name\" class=\"accordionsdc\">Do I need a work permit to operate the company in Vietnam?<\/div>\n<div itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" class=\"faqpanel\">\n<div itemprop=\"text\">Normally, yes. You shall discuss these matters with your agency.<\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2 id=\"company-vietnam-7\">Are you looking for a licensed agency that can help you set up your Vietnam company?<\/h2>\n<p>If you want to have the contact information of an honest agency that can help you to register and manage your company, just send us a message using the following form:<\/strong><\/p>\n\n<div class=\"wpcf7 no-js\" id=\"wpcf7-f25315-o1\" lang=\"en-US\" dir=\"ltr\" data-wpcf7-id=\"25315\">\n<div class=\"screen-reader-response\"><p role=\"status\" aria-live=\"polite\" aria-atomic=\"true\"><\/p> <ul><\/ul><\/div>\n<form action=\"\/english\/wp-json\/wp\/v2\/posts\/25426#wpcf7-f25315-o1\" method=\"post\" class=\"wpcf7-form init wpcf7-acceptance-as-validation\" aria-label=\"Contact form\" novalidate=\"novalidate\" data-status=\"init\">\n<fieldset class=\"hidden-fields-container\"><input type=\"hidden\" name=\"_wpcf7\" value=\"25315\" \/><input type=\"hidden\" name=\"_wpcf7_version\" 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Kong&quot;}]},{&quot;then_field&quot;:&quot;Singapore&quot;,&quot;and_rules&quot;:[{&quot;if_field&quot;:&quot;destination-email&quot;,&quot;operator&quot;:&quot;equals&quot;,&quot;if_value&quot;:&quot;Singapore&quot;}]},{&quot;then_field&quot;:&quot;Taiwan&quot;,&quot;and_rules&quot;:[{&quot;if_field&quot;:&quot;destination-email&quot;,&quot;operator&quot;:&quot;equals&quot;,&quot;if_value&quot;:&quot;Taiwan&quot;}]},{&quot;then_field&quot;:&quot;Vietnam&quot;,&quot;and_rules&quot;:[{&quot;if_field&quot;:&quot;destination-email&quot;,&quot;operator&quot;:&quot;equals&quot;,&quot;if_value&quot;:&quot;Vietnam&quot;}]},{&quot;then_field&quot;:&quot;China&quot;,&quot;and_rules&quot;:[{&quot;if_field&quot;:&quot;destination-email&quot;,&quot;operator&quot;:&quot;equals&quot;,&quot;if_value&quot;:&quot;China&quot;}]},{&quot;then_field&quot;:&quot;Malaysia&quot;,&quot;and_rules&quot;:[{&quot;if_field&quot;:&quot;destination-email&quot;,&quot;operator&quot;:&quot;equals&quot;,&quot;if_value&quot;:&quot;Malaysia&quot;}]},{&quot;then_field&quot;:&quot;accounting&quot;,&quot;and_rules&quot;:[{&quot;if_field&quot;:&quot;service&quot;,&quot;operator&quot;:&quot;equals&quot;,&quot;if_value&quot;:&quot;Accounting \\\/ Bookkeeping assistance&quot;}]},{&quot;then_field&quot;:&quot;payroll&quot;,&quot;and_rules&quot;:[{&quot;if_field&quot;:&quot;service&quot;,&quot;operator&quot;:&quot;equals&quot;,&quot;if_value&quot;:&quot;Payroll services&quot;}]},{&quot;then_field&quot;:&quot;visas&quot;,&quot;and_rules&quot;:[{&quot;if_field&quot;:&quot;service&quot;,&quot;operator&quot;:&quot;equals&quot;,&quot;if_value&quot;:&quot;Work visa assistance&quot;}]},{&quot;then_field&quot;:&quot;Dubai&quot;,&quot;and_rules&quot;:[{&quot;if_field&quot;:&quot;destination-email&quot;,&quot;operator&quot;:&quot;equals&quot;,&quot;if_value&quot;:&quot;Dubai&quot;}]}],&quot;settings&quot;:{&quot;animation&quot;:&quot;yes&quot;,&quot;animation_intime&quot;:200,&quot;animation_outtime&quot;:200,&quot;conditions_ui&quot;:&quot;normal&quot;,&quot;notice_dismissed&quot;:false,&quot;notice_dismissed_rollback-cf7-5.3.2&quot;:true}}\" \/>\n<\/fieldset>\n<p><label><b>Where do you need professional help?<\/b><br \/>\n<span class=\"wpcf7-form-control-wrap\" data-name=\"destination-email\"><select class=\"wpcf7-form-control wpcf7-select wpcf7-validates-as-required\" aria-required=\"true\" aria-invalid=\"false\" name=\"destination-email\"><option value=\"China\">China<\/option><option value=\"Hong Kong\">Hong Kong<\/option><option value=\"Malaysia\">Malaysia<\/option><option value=\"Singapore\">Singapore<\/option><option value=\"Taiwan\">Taiwan<\/option><option value=\"Vietnam\" selected=\"selected\">Vietnam<\/option><option value=\"Dubai\">Dubai<\/option><\/select><\/span><br \/>\n<\/label>\n<\/p>\n<div data-id=\"HongKong\" data-orig_data_id=\"HongKong\"  class=\"\" data-class=\"wpcf7cf_group\">\n\t<p><b>What services are you interested in?<\/b><br \/>\n<span class=\"wpcf7-form-control-wrap\" data-name=\"service\"><span class=\"wpcf7-form-control wpcf7-checkbox wpcf7-validates-as-required\"><span class=\"wpcf7-list-item first\"><input type=\"checkbox\" name=\"service[]\" value=\"I want to open a new limited company in Hong Kong\" \/><span class=\"wpcf7-list-item-label\">I want to open a new limited company in Hong Kong<\/span><\/span><span class=\"wpcf7-list-item\"><input type=\"checkbox\" name=\"service[]\" value=\"I already have a company in Hong Kong but I need a new agency\" \/><span class=\"wpcf7-list-item-label\">I already have a company in Hong Kong but I need a new agency<\/span><\/span><span class=\"wpcf7-list-item\"><input type=\"checkbox\" name=\"service[]\" value=\"I want to open a bank account in Hong Kong\" \/><span class=\"wpcf7-list-item-label\">I want to open a bank account in Hong Kong<\/span><\/span><span class=\"wpcf7-list-item\"><input type=\"checkbox\" name=\"service[]\" value=\"I want to apply for a prepaid card in Hong Kong\" \/><span class=\"wpcf7-list-item-label\">I want to apply for a prepaid card in Hong Kong<\/span><\/span><span class=\"wpcf7-list-item last\"><input type=\"checkbox\" name=\"service[]\" value=\"Other (Virtual office, Accounting, etc)\" \/><span class=\"wpcf7-list-item-label\">Other (Virtual office, Accounting, etc)<\/span><\/span><\/span><\/span>\n\t<\/p>\n<\/div>\n<div data-id=\"Singapore\" data-orig_data_id=\"Singapore\"  class=\"\" data-class=\"wpcf7cf_group\">\n\t<p><b>What services are you interested in?<\/b><br \/>\n<span class=\"wpcf7-form-control-wrap\" data-name=\"service\"><span class=\"wpcf7-form-control wpcf7-checkbox wpcf7-validates-as-required\"><span class=\"wpcf7-list-item first\"><input type=\"checkbox\" name=\"service[]\" value=\"I want to open a new private limited company in Singapore\" \/><span class=\"wpcf7-list-item-label\">I want to open a new private limited company in Singapore<\/span><\/span><span class=\"wpcf7-list-item\"><input type=\"checkbox\" name=\"service[]\" value=\"I already have a company in Singapore but I need a new agency\" \/><span class=\"wpcf7-list-item-label\">I already have a company in Singapore but I need a new agency<\/span><\/span><span class=\"wpcf7-list-item\"><input type=\"checkbox\" name=\"service[]\" value=\"I want to set up a company and open a corporate bank account in Singapore remotely\" \/><span class=\"wpcf7-list-item-label\">I want to set up a company and open a corporate bank account in Singapore remotely<\/span><\/span><span class=\"wpcf7-list-item\"><input type=\"checkbox\" name=\"service[]\" value=\"Notarisation and Legalisation matters\" \/><span class=\"wpcf7-list-item-label\">Notarisation and Legalisation matters<\/span><\/span><span class=\"wpcf7-list-item last\"><input type=\"checkbox\" name=\"service[]\" value=\"Others (Virtual office, Accounting, Audit, Taxation, GST registration, etc.)\" \/><span class=\"wpcf7-list-item-label\">Others (Virtual office, Accounting, Audit, Taxation, GST registration, etc.)<\/span><\/span><\/span><\/span>\n\t<\/p>\n<\/div>\n<div data-id=\"Taiwan\" data-orig_data_id=\"Taiwan\"  class=\"\" data-class=\"wpcf7cf_group\">\n\t<p><b>What services are you interested in?<\/b><br \/>\n<span 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class=\"wpcf7-list-item-label\">Other (Virtual office, Accounting, etc)<\/span><\/span><\/span><\/span>\n\t<\/p>\n<\/div>\n<div data-id=\"Vietnam\" data-orig_data_id=\"Vietnam\"  class=\"\" data-class=\"wpcf7cf_group\">\n\t<p><b>What services are you interested in?<\/b><br \/>\n<span class=\"wpcf7-form-control-wrap\" data-name=\"service\"><span class=\"wpcf7-form-control wpcf7-checkbox wpcf7-validates-as-required\"><span class=\"wpcf7-list-item first\"><input type=\"checkbox\" name=\"service[]\" value=\"I want to open a new limited company in Vietnam\" \/><span class=\"wpcf7-list-item-label\">I want to open a new limited company in Vietnam<\/span><\/span><span class=\"wpcf7-list-item\"><input type=\"checkbox\" name=\"service[]\" value=\"I already have a company in Vietnam but I need a new agency\" \/><span class=\"wpcf7-list-item-label\">I already have a company in Vietnam but I need a new agency<\/span><\/span><span class=\"wpcf7-list-item last\"><input type=\"checkbox\" name=\"service[]\" value=\"Other\" \/><span class=\"wpcf7-list-item-label\">Other<\/span><\/span><\/span><\/span>\n\t<\/p>\n<\/div>\n<div data-id=\"Malaysia\" data-orig_data_id=\"Malaysia\"  class=\"\" data-class=\"wpcf7cf_group\">\n\t<p><b>What services are you interested in?<\/b><br \/>\n<span class=\"wpcf7-form-control-wrap\" data-name=\"service\"><span class=\"wpcf7-form-control wpcf7-checkbox wpcf7-validates-as-required\"><span class=\"wpcf7-list-item first\"><input type=\"checkbox\" name=\"service[]\" value=\"I want to open a new private limited company in Malaysia\" \/><span class=\"wpcf7-list-item-label\">I want to open a new private limited company in Malaysia<\/span><\/span><span class=\"wpcf7-list-item\"><input type=\"checkbox\" name=\"service[]\" value=\"I already have a company in Malaysia but I need a new agency\" \/><span class=\"wpcf7-list-item-label\">I already have a company in Malaysia but I need a new agency<\/span><\/span><span class=\"wpcf7-list-item\"><input type=\"checkbox\" name=\"service[]\" value=\"I want to set up a company and open a corporate bank account in Malaysia remotely\" \/><span class=\"wpcf7-list-item-label\">I want to set up a company and open a corporate bank account in Malaysia remotely<\/span><\/span><span class=\"wpcf7-list-item\"><input type=\"checkbox\" name=\"service[]\" value=\"Notarisation and Legalisation matters\" \/><span class=\"wpcf7-list-item-label\">Notarisation and Legalisation matters<\/span><\/span><span class=\"wpcf7-list-item last\"><input type=\"checkbox\" name=\"service[]\" value=\"Others (Virtual office, Accounting, Audit, Taxation, GST registration, etc.)\" \/><span class=\"wpcf7-list-item-label\">Others (Virtual office, Accounting, Audit, Taxation, GST registration, etc.)<\/span><\/span><\/span><\/span>\n\t<\/p>\n<\/div>\n<div data-id=\"Dubai\" data-orig_data_id=\"Dubai\"  class=\"\" data-class=\"wpcf7cf_group\">\n\t<p><b>What services are you interested in?<\/b><br \/>\n<span class=\"wpcf7-form-control-wrap\" data-name=\"service\"><span class=\"wpcf7-form-control wpcf7-checkbox wpcf7-validates-as-required\"><span class=\"wpcf7-list-item first\"><input type=\"checkbox\" name=\"service[]\" value=\"I want to open a new limited company in Dubai\" \/><span class=\"wpcf7-list-item-label\">I want to open a new limited company in Dubai<\/span><\/span><span class=\"wpcf7-list-item\"><input type=\"checkbox\" name=\"service[]\" value=\"I already have a company in Dubai but I need a new agency\" \/><span class=\"wpcf7-list-item-label\">I already have a company in Dubai but I need a new agency<\/span><\/span><span class=\"wpcf7-list-item last\"><input type=\"checkbox\" name=\"service[]\" value=\"Other\" \/><span class=\"wpcf7-list-item-label\">Other<\/span><\/span><\/span><\/span>\n\t<\/p>\n<\/div>\n<p><label><b>Your name<\/b><br \/>\n<span class=\"wpcf7-form-control-wrap\" data-name=\"your-name\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-text wpcf7-validates-as-required\" aria-required=\"true\" aria-invalid=\"false\" value=\"\" type=\"text\" name=\"your-name\" \/><\/span><\/label>\n<\/p>\n<p><label><b>Your email address<\/b><br \/>\n<span id=\"wpcf7-6a1126276e5a2-wrapper\" class=\"wpcf7-form-control-wrap youremail-wrap\" ><input type=\"hidden\" name=\"youremail-random-hash\" value=\"17959095\"><label\n\t\t    for=\"wpcf7-6a1126276e5a2-field\"\n\t\t    class=\"hp-message\"\n        >Please leave this field empty.<\/label><input\n\t    id=\"wpcf7-6a1126276e5a2-field\"\n\t    \n\t    class=\"wpcf7-form-control wpcf7-text\"\n\t    type=\"text\"\n\t    name=\"i08uipvopamu\"\n\t    value=\"\"\n\t    size=\"40\"\n\t    autocomplete=\"off\"\n\t    tabindex=\"1000\"\n    \/><\/span><\/label><span class=\"wpcf7-form-control-wrap\" data-name=\"your-email\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-email wpcf7-validates-as-required wpcf7-text wpcf7-validates-as-email\" aria-required=\"true\" aria-invalid=\"false\" value=\"\" type=\"email\" name=\"your-email\" \/><\/span>\n<\/p>\n<p><label><b>Country of residency<\/b><br \/>\n<span class=\"wpcf7-form-control-wrap\" data-name=\"residency\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-text wpcf7-validates-as-required\" aria-required=\"true\" aria-invalid=\"false\" value=\"\" type=\"text\" name=\"residency\" \/><\/span><\/label>\n<\/p>\n<div data-id=\"China\" data-orig_data_id=\"China\"  class=\"\" data-class=\"wpcf7cf_group\">\n\t<p><label><b>Nationality<\/b><br \/>\n<span class=\"wpcf7-form-control-wrap\" data-name=\"nationality\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-text wpcf7-validates-as-required\" aria-required=\"true\" aria-invalid=\"false\" value=\"\" type=\"text\" name=\"nationality\" \/><\/span><\/label><br \/>\n<label><b>Phone number<\/b><br \/>\n<span class=\"wpcf7-form-control-wrap\" data-name=\"phone\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-tel wpcf7-validates-as-required wpcf7-text wpcf7-validates-as-tel\" aria-required=\"true\" aria-invalid=\"false\" value=\"\" type=\"tel\" name=\"phone\" \/><\/span><\/label><br \/>\n<label><b>City of incorporation<\/b><br \/>\n<span class=\"wpcf7-form-control-wrap\" data-name=\"city\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-text wpcf7-validates-as-required\" aria-required=\"true\" aria-invalid=\"false\" value=\"\" type=\"text\" name=\"city\" \/><\/span><\/label><br \/>\n<label><b>Company type<\/b><br \/>\n<span class=\"wpcf7-form-control-wrap\" data-name=\"company-type\"><select class=\"wpcf7-form-control wpcf7-select wpcf7-validates-as-required\" aria-required=\"true\" aria-invalid=\"false\" name=\"company-type\"><option value=\"\">&#8212;Please choose an option&#8212;<\/option><option value=\"Wholly Foreign Owned Enterprise (WFOE)\">Wholly Foreign Owned Enterprise (WFOE)<\/option><option value=\"Representative Office (RO)\">Representative Office (RO)<\/option><option value=\"Joint Venture (JV)\">Joint Venture (JV)<\/option><\/select><\/span><\/label>\n\t<\/p>\n\t<p><b>What services are you interested in?<\/b><br \/>\n<span class=\"wpcf7-form-control-wrap\" data-name=\"service\"><span class=\"wpcf7-form-control wpcf7-checkbox wpcf7-validates-as-required\"><span class=\"wpcf7-list-item first\"><input type=\"checkbox\" name=\"service[]\" value=\"Open a company \/ representative office\" \/><span class=\"wpcf7-list-item-label\">Open a company \/ representative office<\/span><\/span><span class=\"wpcf7-list-item\"><input type=\"checkbox\" name=\"service[]\" value=\"Open a business bank account\" \/><span class=\"wpcf7-list-item-label\">Open a business bank account<\/span><\/span><span class=\"wpcf7-list-item\"><input type=\"checkbox\" name=\"service[]\" value=\"Accounting \/ Bookkeeping assistance\" \/><span class=\"wpcf7-list-item-label\">Accounting \/ Bookkeeping assistance<\/span><\/span><span class=\"wpcf7-list-item\"><input type=\"checkbox\" name=\"service[]\" value=\"Tax services\" \/><span class=\"wpcf7-list-item-label\">Tax services<\/span><\/span><span class=\"wpcf7-list-item\"><input type=\"checkbox\" name=\"service[]\" value=\"Payroll services\" \/><span class=\"wpcf7-list-item-label\">Payroll services<\/span><\/span><span class=\"wpcf7-list-item\"><input type=\"checkbox\" name=\"service[]\" value=\"Provision of Virtual Office Address\" \/><span class=\"wpcf7-list-item-label\">Provision of Virtual Office Address<\/span><\/span><span class=\"wpcf7-list-item last\"><input type=\"checkbox\" name=\"service[]\" value=\"Work visa assistance\" \/><span class=\"wpcf7-list-item-label\">Work visa assistance<\/span><\/span><\/span><\/span><br \/>\n<label><b>Proposed business scope<\/b><br \/>\n<span class=\"wpcf7-form-control-wrap\" data-name=\"scope\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-text wpcf7-validates-as-required\" aria-required=\"true\" aria-invalid=\"false\" value=\"\" type=\"text\" name=\"scope\" \/><\/span><\/label>\n\t<\/p>\n\t<div data-id=\"accounting\" data-orig_data_id=\"accounting\"  class=\"\" data-class=\"wpcf7cf_group\">\n\t\t<p><label><b>Estimated transactions per month \/ year<\/b><br \/>\n<span class=\"wpcf7-form-control-wrap\" data-name=\"transactions\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-text\" aria-invalid=\"false\" value=\"\" type=\"text\" name=\"transactions\" \/><\/span><\/label><br \/>\n<label><b>Expected annual turnover<\/b><br \/>\n<span class=\"wpcf7-form-control-wrap\" data-name=\"turnover\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-text\" aria-invalid=\"false\" value=\"\" type=\"text\" name=\"turnover\" \/><\/span><\/label>\n\t\t<\/p>\n\t<\/div>\n\t<div data-id=\"payroll\" data-orig_data_id=\"payroll\"  class=\"\" data-class=\"wpcf7cf_group\">\n\t\t<p><label><b>How many staff are you planing to hire?<\/b><br \/>\n<span class=\"wpcf7-form-control-wrap\" data-name=\"staff\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-text wpcf7-validates-as-required\" aria-required=\"true\" aria-invalid=\"false\" value=\"\" type=\"text\" name=\"staff\" \/><\/span><\/label>\n\t\t<\/p>\n\t<\/div>\n\t<div data-id=\"visas\" data-orig_data_id=\"visas\"  class=\"\" data-class=\"wpcf7cf_group\">\n\t\t<p><label><b>How many employees require work visas?<\/b><br \/>\n<span class=\"wpcf7-form-control-wrap\" data-name=\"visa\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-text wpcf7-validates-as-required\" aria-required=\"true\" aria-invalid=\"false\" value=\"\" type=\"text\" name=\"visa\" \/><\/span><\/label><br \/>\n<label><b>Nationality of the employees<\/b><br \/>\n<span class=\"wpcf7-form-control-wrap\" data-name=\"employee-nationality\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-text wpcf7-validates-as-required\" aria-required=\"true\" aria-invalid=\"false\" value=\"\" type=\"text\" name=\"employee-nationality\" \/><\/span><\/label>\n\t\t<\/p>\n\t<\/div>\n<\/div>\n<p>This form collects your name, email, and other information so that we can reply to your inquiry. For more information on where, how and why we store your data (and how you can access them), you can read our <a href=\"https:\/\/www.saporedicina.com\/english\/privacy-policy\/\" rel=\"noopener\" target=\"_blank\">Privacy Policy<\/a>\n<\/p>\n<p><span class=\"wpcf7-form-control-wrap\" data-name=\"notification1\"><span class=\"wpcf7-form-control wpcf7-acceptance\"><span class=\"wpcf7-list-item\"><label><input type=\"checkbox\" name=\"notification1\" value=\"1\" aria-invalid=\"false\" \/><span class=\"wpcf7-list-item-label\">I accept that this form collects my name, email, and other information.<\/span><\/label><\/span><\/span><\/span>\n<\/p>\n<p><span class=\"wpcf7-form-control-wrap\" data-name=\"notification2\"><span class=\"wpcf7-form-control wpcf7-acceptance\"><span class=\"wpcf7-list-item\"><label><input type=\"checkbox\" name=\"notification2\" value=\"1\" aria-invalid=\"false\" \/><span class=\"wpcf7-list-item-label\">I accept the <a href=\"#\" onClick=\"MyWindow=window.open('https:\/\/www.saporedicina.com\/english\/terms.html','MyWindow',width=200,height=500); return false;\">Terms & Conditions<\/a> of this website.<\/span><\/label><\/span><\/span><\/span>\n<\/p>\n<p><input class=\"wpcf7-form-control wpcf7-submit has-spinner\" type=\"submit\" value=\"Request a Free Quotation\" \/>\n<\/p>\n<style>\nspan.wpcf7-list-item {\n width: 100%;\n}\n<\/style><input\n                    class=\"apbct_special_field apbct_email_id__wp_contact_form_7\"\n                    name=\"apbct__email_id__wp_contact_form_7\"\n                    aria-label=\"apbct__label_id__wp_contact_form_7\"\n                    type=\"text\" size=\"30\" maxlength=\"200\" autocomplete=\"off\"\n                    value=\"\"\n                \/><div class=\"wpcf7-response-output\" aria-hidden=\"true\"><\/div>\n<\/form>\n<\/div>\n\n<p>p.s. Note that we receive hundreds of emails every day and, sometimes, we can\u2019t reply fast. At the same time, we assume that you want to get this info ASAP, so we\u2019ll also forward your message to the agency we recommend. In this way, they can get in touch with you much faster!<\/p>\n<p><span class=\"credits\">Photo Credits: Photo by <a href=\"https:\/\/pixabay.com\/photos\/ho-chi-minh-city-saigon-vietnam-1556418\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">TUONG KHUU<\/a> on <a href=\"https:\/\/pixabay.com\/service\/license\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Pixabay<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The pros of opening a company in Vietnam The cons of opening a company in Vietnam How to open a company in Vietnam The total cost of registering and maintaining a company in Vietnam How to open a business bank account in Vietnam Frequently asked questions Get a free quotation from an agency that can [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":25427,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center 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center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[3,253],"tags":[383,102],"class_list":["post-25426","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-in-asia","category-vietnam","tag-hk-company-sidebar","tag-vietnam"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How to Open a Company in Vietnam as a Foreigner<\/title>\n<meta name=\"description\" content=\"If you want to learn more about the procedure to open a company in Vietnam or you want find an agency that can help you with it, click here\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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