If you are a foreigner who wishes to establish your own business in Vietnam, there are two very important types of business registration certificates in Vietnam that you must know: enterprise registration certificate and investment registration certificate. Vietnam Foreign Contractor Tax: What Is It and How to Pay? Business households: 30.000 VND; Private enterprises, Partnerships: 100.000 VND Find out key features of this type and how it is different from an LLC in Vietnam! A foreign-owned Limited Liability Company (LLC) is the most common company structure for foreign-owned startups in Vietnam. ERC is a hard-copy or soft-copy document containing enterprise registration information granted by a business registration agency to an enterprise. International investors are obliged to obtain an Investment Registration Certificate (“IRC”) from the municipal/provincial Department of Planning and Investment (“DPI”) in relevant provinces in Vietnam. css: "" Vietnam Virtual Office vs Co-Working Space: Which to choose? A Go-To Guide To Joint Stock Company In Vietnam. 1.1. Having registered investment licenses, business registration record automotive industry, components, automobile assembly, maintenance and repair of automobiles. In some cases, if the nature of business acitivity falls under the Negative List, some sub-licenses of business will be required. Bring a copy of business registration certificate to seal-maker agency to make a stamp for your company. There are four key considerations: 1) Clarify your Business Lines and Scope Vietnam’s accession to the WTO required that the nation opened its economy to foreign investment in a wide range of business lines. It depend on specific business activities and location of the company to be setup in Vietnam… Address of the head office of the enterprise; telephone number, fax number, and email address; Charter capital (in case of an enterprise) or investment capital (in case of a sole proprietorship); Types of shares, value per share and the total number of shares by type which may be sold (in case of a joint-stock company); Full name, signature, permanent residence address, nationality, and personal identification document of a sole proprietor (in case of a sole proprietorship) or each partner (in case of a partnership); Full name, signature, permanent residence address, nationality, and personal identification document of the business’s law representative, in case of limited liability companies and joint-stock companies. As a foreign investor in Vietnam, after being approved to establish a wholly foreign owned company, the competent authorities will issue 2 certificates for the investor, namely Investment … When registering a foreign-owned company in Vietnam, you need an investment... #2 Business registration certificate. The business registration agency shall examine the validity of the enterprise registration dossier and grant an enterprise registration certificate within 3 working days after receiving such dossier. Readers are given critical information may affect your money while doing business in Vietnam. Subsequently, the agency shall examine your application within 3 working days (from the application receipt date). Enterprise registration certification is the must-have certificate when you set up a business in Vietnam. Vietnam business registration summary. Vietnam Certificate of Good Standing. Cekindo is your top choice for your business registration certificate, be it investment registration certificate or enterprise registration certificate, in Vietnam because of our years of experience and expertise as a legal and business consultant. The Investment Registration Certificate is granted first since it is the prerequisite to obtain the Business Registration Certificate. Find the advice of our lawyers specialising in business law in Vietnam. }); Follow @twitterapi !function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0];if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src="//platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs"); Cekindo is a leading consulting firm of Market-Entry and Corporate secretarial services to clients expanding and operating in Vietnam and further to Southeast Asia. Investment Registration Certificate and Enterprise Registration Certificate. The corporate income tax rate in Vietnam is 20% currently. Foreign business entities doing business in Vietnam are subject to foreign contractor tax. Adjustment of Certificate of Business registration in Vietnam Foreign-invested company making changes of Certificate of Investment registration is acquired to manage the below procedure: Step 1 : The company firstly needs to separate Certificate of Business registration and Certificate of Investment registration … Our minimum rate is 4,000USD. Vietnam company registration is time consuming, though GBS will normally complete the tasks within ten weeks. According to Article 4 of the Law on Enterprises, an enterprise registration is a hard-copy or soft-copy document containing information about a company establishment issued by the government’s business registration agency (a part of the Vietnam’s Department of Planning and Investment). Certificate of Investment Registration; Certificate of Enterprise Registration. » Cafe€redit » business registration certificate vietnam Decree 1 affirms the business registration number of a company is also the company’s tax code, and furthermore, be the company’s number for units participating in the social insurance system; The … Pre-INCORPORATION advisory. hbspt.forms.create({ We will handle the entire registration process and submit the dossier on your behalf so that you don’t have to think about this part of investing in Vietnam. 2020. HANOI – Vietnam’s capital, Hanoi, has implemented a plan to reduce the time needed to obtain a Business Registration Certificate to within three days of receiving the application, instead of the previous 10 days.Although this change will only initially apply to Vietnamese enterprises, the definition of Vietnamese enterprises was changed recently to allow them to have foreign … Details on project operation site and land area to be used; Investment capital of the project (including investor’s contributed capital and mobilized capital) and schedule of capital contribution and raising; Investment incentives and supports (if any); Conditions on the investor that carries out the project (if any); Written proposal of the investment project operation; Identity card or similar identification document if you are an individual investor, or establishment certificate or similar document if you are an organization; Proposals of details on investment project: details on the investor carrying out the investment project, objectives, scope, capital, capital raising plan, location, duration, schedule, labor demand, incentives of the investment project, and assessment of its socio-economic impacts and benefits. Why Doing Business In Vietnam: Benefits vs Challenges. Then, the stamp need to be posted to National business registration portal to legalize your seal. A Business Registration Certificate (“BRC”), often referred to as an Enterprise Registration Certificate … Enterprise registration certificate, also known as ERC, can be a soft copy or a hard copy file containing information of enterprise registration. Hotline: +(84) 28 3931 22 66 Posted 5.11. company formation and business registration agency, How to Set up a Business in Vietnam in 2021, Minimum Capital Requirement in Vietnam For Foreign Companies, Important Things to Consider before Selling a Business in Vietnam, How to Open an Outlet in Vietnam: A Guide for Foreign Investors, How to Start Selling Food Products without Registering a Company in Vietnam, A Guide to Partnership Registration in Vietnam, An Introduction to Processing Contract in Vietnam, The business name is in compliance with Vietnam Law, Enterprise registration documents are complete, The enterprise registration fee and other charges are paid in full, The founder or the authorised individual has to submit a complete registration dossier to the registration agency, The registration agency will check if the submitted documents are complete and valid in 3 days, If the application is refused, a notification in writing will be sent to the founder or the authorized person with reason and requirements stated, In addition, all foreign companies in Vietnam must also meet other specific conditions under Investment Law and Enterprise Law. When foreign investors own at least 51% of charter capital of the investment projects, the investment registration certificates become mandatory. In short, there are 2 essential business registration certificates in Vietnam that you must know: enterprise registration certificate and investment registration certificate. Likewise, the processing time may take a few weeks (around 15 days) but it might take a longer period if your business investment needs additional approval from higher-level government agencies. If it is approved, the agency will grant you an enterprise registration certificate. The purpose is for the government to manage the ign investment in a more systematic way. 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