Company formation services are used for setting up businesses, companies, and representative offices in Vietnam by way of new establishment or Mergers & Acquisitions.

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.
  • Provide 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 you can monitor the legal services and procedures remotely.

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.

Yes, we provide services for establishing companies, joint ventures, subsidiaries, and representative offices of investors in Vietnam.

In general, your company is required to pay licensing fees, corporate income tax, value-added tax, and personal income tax (paid on behalf of employees). In addition, depending on the business sector, the company might have other tax obligations such as resources tax, special consumption tax, and import-export tax.

It usually take around 45 days, including the time to apply for Investment Registration Certificate (IRC), Enterprise Registration Certificate (ERC), and specific post-licensing tasks that need to bepromptly completed, such as making company seal(s), registering for initial tax, opening bank account(s), etc.

However, please note that in practice, the process of establishing a company may take longer. For conditional activities, the documentation might need to be submitted to other ministries or specialized agencies for approval.

Clients can do it remotely without going to Vietnam. We will send documents and power of attorney for Clients to sign and stamp.

Most nationalities are accepted for investment in Vietnam, except Vietnamese law has different provisions or the investor’s country or territory that is not a member of the WTO.

Yes, there are. However, the specific capital will depend on the specific business sector. For example: real estate business, employment services, etc.

Yes, when registering to establish a company, Clients need to state the registered capital amount in the registration application. Within 90 days from the date of issuance of the Enterprise Registration Certificate, Clients are required to fulfill the capital contribution in full.

Yes, foreign investors are allowed to establish companies with 100% foreign-owned companies in almost business sectors, except for certain sectors that are not allowed by law.

No, they can’t. Vietnamese law has regulations on the percentage of foreign investment capital for specific sectors. There are certain sectors that foreign investors are not allowed to invest.

Yes, you can acquire a part or the entire capital of existing companies. In some cases, Clients might need to seek an approval for the acquisition or additional capital contribution to companies in Vietnam.

Yes, we support Clients in opening bank accounts in Vietnam such as direct investment accounts and payment accounts in Vietnamese Dong or foreign currencies.

We work with many international banks such as HSBC, UOB, Standard Chartered Bank, Citi Bank, as well as other domestic banks.

Yes, for industries that do not require a physical location, Clients can use a virtual office to save costs.

Yes, investors are required to comply with periodic reports on the project and project implementation status. Established companies need to submit reports on taxes, labor, salaries, etc. during their operation.

Yes, in order to hire an employee to work for your company, your company is required to sign a labor contract. Typically, after the probationary period, the company will enter into a definite-term contract not exceeding 3 years with the employee.

During the course of employment, the company can sign a maximum of two definite-term labor contracts, then must sign an indefinite-term contract.

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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.

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