Company formation services are used for setting up businesses, companies, and representative offices in Vietnam by way of new establishment or mergers & acquisitions.
Company Formation
How we can help:
- Company and Representative Office registration: PLF typically starts by advising clients on their project, before drafting and submitting applications for Investment Registration Certificate (IRC), Enterprise Registration Certificate (ERC), or Representative Office Establishment Certificate.
- Adjusting licenses by updating changes in registered information, including increase or decrease of investment capital, addition or change of business lines or fields of investment, change of investment location, update of investors, legal representatives, change of company type, etc.
- Extending the company’s and investment project’s terms.
- Terminating investment projects or closing company in Vietnam.
- Post-establishment services: We offer seamless procedures including tax registration, tax services, accounting, labor, bank accounts, and other licenses after establishing a company.
How to proceed?
- Organize direct meetings with our team to clarify your requirements, targets and concerns in Vietnam.
- Receive tailored advice on the best investment structure for your expected business lines, capital, type of company, and on the conditions for your investment project.
- Provide list of documents and legal forms translated from Vietnamese to English to prepare complete applications for licenses.
- Provide a CRM account so our Clients can monitor the legal services and procedures.
Bui Cong Thanh
Managing Partner
Nguyen Thi Phong Lan
Senior Associate
La Thi My Huong
Associate
Le Thi Tuyet Mai
Junior Associate
Le Tan Canh
Paralegal
Nguyen Ngoc Tri
Paralegal
Doan Thi My Trinh
Senior Accountant
Phan Thi Chuc Y
Accountant
Banh Anh Nguyen
Admin - HR
Hua Thi Minh Thu
Communications Administrator
Ho Nhat Dan Ngan
Communications Administrator
Most Frequent Questions & Answers
Finding expert guidance in our FAQs section, which address common concerns and provide insights into corporate legal, accounting, and secretarial matters.
Registering a 100% foreign-owned company in Vietnam is possible. However, foreign investment is subject to regulatory limitations applied on each specific business sector.
In most cases, investors shall implement the following steps to establish a company:
Step 1: Obtaining an Investment Registration Certificate, abbreviated IRC (if any non-Vietnamese investors).
Step 2: Obtaining an Enterprise Registration Certificate, abbreviated ERC or BRC for Business Registration Certificate.
The company is established but the following steps are required for regulatory compliance:
Step 3: Post establishment procedures.
Step 4: Obtaining sub-licenses (if any).
IRC stands for Investment Registration Certificate which shall be obtained (in most cases) when a foreign investor wants to set up a project (such as establishing a company) in Vietnam at the beginning.
ERC stands for the Enterprise Registration Certificate which every company in Vietnam must have. In other jurisdiction it is sometimes referred to as the “Incorporation Certificate” or “Company Certificate”.
Joint Stock Company (“JSC“) and Limited Liability Company (“LLC“) are the most common types of company in Vietnam since they offer the following advantages:
- Limitation in liabilities of their shareholders/ members/ proportionate to their capital contribution;
- Flexible management structure;
- Conversion from JSC to LLC and conversely is possible.
In general, there is no minimum capital required by law when registering a company in Vietnam. Only some conditional business sectors such as real estate trading, banking or education have specific capital requirements.
However, the capital shall be sufficient in light of the intended business sectors and scale of operation.
For non-conditional business sectors, we usually need from 6 to 8 weeks to setup a foreign-invested company and 1 week for a Vietnamese-invested one.
However, especially for foreign-owned companies, the time can be extended due to various reasons such as additional requirements from the licensing authorities.
Contact Our Legal Team for Expert Guidance & Support
We welcome inquiries, consultation requests, and any legal concerns you may have. Please do not hesitate to contact us for reliable guidance and exceptional service.
