Vietnam

Company Registration Vietnam

There are 4 types of legal entities in Vietnam that can be set up by foreign investors. Limited liability company (LLC) Joint-stock company (JSC) Representative office Branch Emerhub can assist in establishing any one of these legal entities. Limited Liability Company (LLC) LLCs are the most popular option for foreign investors who want to set […]

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There are 4 types of legal entities in Vietnam that can be set up by foreign investors.

  • Limited liability company (LLC)
  • Joint-stock company (JSC)
  • Representative office
  • Branch

Emerhub can assist in establishing any one of these legal entities.

Limited Liability Company (LLC)

LLCs are the most popular option for foreign investors who want to set up a business in Vietnam. Individuals or companies registered overseas can set up this type of legal entity. An LLC may have anywhere from 1 to 50 founders. An LLC can open a local bank account and may receive and transfer funds.

Requirements

  • Registered address
  • Operational license or sublicense (depending on the business line)
  • Resident director
  • A chairman of members’ council (if there is more than 1 founder)

The average timeline to set up this legal entity with Emerhub is about 1 month if the business does not need to obtain additional licenses.

Joint-Stock Company (JSC)

Investors who wish to participate in the local stock market should establish a JSC. Individuals or companies registered overseas can establish a JSC and it must have at least 3 shareholders. A JSC’s local bank account can receive and transfer funds.

Requirements

  • Registered address
  • Operational license or sublicense (depending on the business line)
  • Resident Director
  • General meeting
  • Management board
  • Inspection Committee
  • Chairman of the Inspection Committee

Emerhub can complete registration for a JSC within 1 month if there is no need to obtain additional licenses.

Representative office

Foreign companies that have been registered for at least 1 year can set up a representative office in Vietnam. Because representative offices cannot generate income, this is best suited for companies who wish to conduct market research or develop relationships with local businesses.

This type of entity is also more suitable for business involved in trading of goods and services and business in the education industry.

Because this legal entity cannot generate income, its bank account can only receive funds from its parent company and use funds to pay salaries and suppliers.

Requirements

  • Registered address
  • An independent head who does not work for the parent company and does not hold a managerial or director position in a company registered in Vietnam

With Emerhub’s assistance, registration and establishment of a representative office takes about 3 weeks to 1 month.

Branch

A branch is an alternative to an LLC or JSC and is not a separate legal entity from its parent company. An overseas company registered for at least 5 years can open a branch in Vietnam. A branch can open a local bank account to receive and transfer funds.

Requirements

  • Registered address
  • Operational license or sublicense (depending on the business line)
  • Resident branch manager

Establishing a branch with Emerhub’s services takes about 1 month if there is no need for additional licenses.