OPEN A COMPANY IN VIETNAM
Duong Global can help you open a company in Vietnam. In order for us to better assist you, we have a few questions that we compiled below and included information on how to open a business in Vietnam.
Learn more about our Vietnam business entity setup program and start investing in Vietnam today!
Can foreign citizens own a company in Vietnam?
According to Vietnam’s law, in general, foreign citizens can own 100% of a company. However, in some restricted industries, they cannot have more than 51% or 49% of the shares in the company, depending on the type of business it is. Therefore, before setting up a Vietnamese company, you should get advice from business lawyers to know exactly how many shares you can own in a particular company.
What are the advantages of establishing a Vietnamese company?
The advantages of opening a company in Vietnam include:
Does the company charter need to specify the industry field the company is doing business in Vietnam?
Yes.
Can I do business in an unregistered industry?
No, you cannot do business in an unregistered industry.
What industries are limited and require a sub-license to do business in Vietnam?
Some of the key industries that need sub-licenses include education, media, oil and gas, or specialist industries such as law, accounting, finance, insurance, manufacturing and distribution, entertainment.
If foreign investors invest in Vietnam, how can they transfer money abroad?
Under the provisions of the investment law, foreign companies investing in Vietnam transferring their investment capitals abroad and/or their profits need to apply for permission to transfer money abroad after proving taxes have been fully paid in Vietnam.
If I open a company in Ho Chi Minh City, can I operate in all of Vietnam?
If investors open a company in Ho Chi Minh City, they can operate throughout Vietnam, but in order to hire local staff in another province, there must be a branch of the company in that city/province.
Why You Should Open A Factory In Vietnam?
Immigration and International Business Attorney breaks down in detail about benefits of opening factory in Vietnam:
Vietnam allows 100% foreign-owned factories for foreigners, promoting international investment and economic growth.
Industries Offering Potential To Foreign Investors Such As:
The Benefits To Set Up A Factory In Vietnam
- Location: Vietnam is located in the center of ASEAN and is one of the most prospective economies in South-east Asia.
- Economy: Vietnam is a dynamic and emerging market with great potential!
- Workforce: Vietnam offers a fairly low labor cost.
- Policies: Open business environment, transparent investment policies with favorable profit-based incentives for enterprises.
- Taxes: Vietnam offers a variety of tax benefits.
- FTAs: Vietnam has diplomatic relations with nearly 190 worldwide countries and signed around 15 FTAs.
Duong Global offers packages that equip you with valuable information to research and establish a factory in Vietnam. Our services include marketing research, industrial zone trips, and strategic planning by our legal experts covering budget, operations, tax reports, and more. Let us help you make your factory venture a success!
Ready To Setup Your Company In Vietnam?
Our lead U.S. immigration attorney will answer all your questions and available for a free consultation.
