Our dedicated team at Etra Consultants has streamlined the essential steps for company formation in Vietnam. We strongly advise you to review these steps to gain a comprehensive understanding of the registration process when engaging Etra Consultants for your expansion plans in Vietnam.
Step 1: Choosing an Optimum Business Structure
Before initiating company formation, selecting the right business structure is crucial. Fionza Consultants will guide you based on your business structure, goals, and recommend the most suitable entity, considering paid-up share capital requirements, corporate structure, and applicable licenses.
Step 2: Reservation of Company Name
Prior to registration, we will search and reserve your company name through the Vietnam company registry accessible by the business registration portal. Each application allows up to 3 name submissions.
Step 3: Preparation of Relevant Documents
Fionza Consultants will assist in preparing the necessary documents, including notarizing and legalizing the parent company’s documents in Vietnam. This involves translating and validating all documents issued by overseas authorities through the Vietnamese Embassy in your home country.
Step 4: Application of Investment Registration Certificate (IRC)
Except for Representative Offices (RO) and Branch Offices, foreign-owned companies must apply for an Investment Registration Certificate. Fionza Consultants will prepare the required documents for IRC application, including a detailed project report, proposal, and financial statements.
Step 5: Register Company in Vietnam to Obtain Business Registration Certificate
Upon successful IRC application, foreign investors must apply for the Enterprise Registration Certificate (ERC) or Business Registration Certificate (BRC). Fionza Consultants will assist in preparing the necessary documents, including the application, company charter, board member list, and letters of appointment and authorization.
Step 6: Application of Foreign Investment License (FIC)
For LLCs, a Foreign Investment License (FIC) is required, with a minimum paid-up share capital of US$10,000. Fionza Consultants will prepare the relevant documents for FIC approval.
Step 7: Tax Registration
Fionza Consultants will complete your company tax registration through the Municipal Taxation Office in Ho Chi Minh City and assist in obtaining any applicable business sublicenses or permits.
Step 8: Creation of Company Seal
All companies in Vietnam require a company seal for legal document validity. Fionza Consultants will assist in designing and ordering a company seal, ensuring it includes the company’s name and registration number.
Step 9: Corporate Bank Account Opening
Depending on your business structure, Fionza Consultants will help consolidate the required documents and assist in opening a corporate account with a reputable local bank. Once the ERC is issued, you can activate your account and deposit the required paid-up share capital.