Step-by-Step Guide on How to Register a Consulting Company in Vietnam 

• How to register a consulting Company in Vietnam is among the questions many entrepreneurs and professionals are inquiring as the nation’s vibrant economy keeps on drawing both domestic and international investors. Vietnam’s consulting industry is quickly changing, driven by a thriving business economy and growing demand for professional advisory services. More than 122,000 new companies were registered in Vietnam alone in 2022, representing a big increase compared to past years and underlining the nation’s strong entrepreneurial culture. In particular, over 98% of Vietnamese enterprises are small and medium-sized enterprises (SMEs), which account for about 50% of the country’s GDP and provide a rich area for consulting services to thrive. 

• In addition, an impressive 91.6% of companies in Vietnam were officially registered at the time of their inception, demonstrating a robust compliance and formalization culture among businesses. For those who want to register company in Vietnam, the procedure has gradually been made more efficient, with easy licensing requirements for consulting companies and potential for foreigners to own up to 100% of their business. Regardless of whether you are an experienced consultant or a new comer, it is important to know the step-by-step registration procedure to assure proper market entry. Within this blog, we have enumerated the steps that you must follow in order to effectively register your consulting firm within Vietnam so your entrepreneurial process will be as effortless as possible. 

How to register a consulting company in Vietnam? 

Step 1: Choosing the best business structure 

• Tetra Consultants will evaluate your business objectives and suggest the most appropriate entity type for your consulting firm—usually a Limited Liability Company (LLC), but Joint Stock Company (JSC) or branch/representative office alternatives can be considered based on your requirements. 

• We will recommend share capital needs, corporate organization, and required licenses for your particular consulting activities. 

Step 2: Reservation of company name 

• We will perform a search of names and register your desired company name with the Vietnam company registry, providing up to three names for approval. If necessary, we are also able to help with international trademark registration in order to safeguard your brand. 

Step 3: Preparation and legalization of documents 

• Tetra Consultants will prepare and assist with the legalization of all the required documents including the parent company’s Memorandum and Articles of Association, business license, certificate of incorporation, board resolutions, and power of attorney. 

• All foreign issued documents will be translated into Vietnamese and authenticated by the Vietnamese Embassy in your home country to satisfy local requirements. 

Step 4: Application for Investment Registration Certificate (IRC) 

• For foreign-owned companies, we will prepare and submit the application for the Investment Registration Certificate (IRC), which relates to all detailed project reports, lease agreements, and financial statements for the last two years. 

• We will advise on any industry-specific approvals that may or may not be necessary, and we will manage the entire application process for you. 

Step 5: Application for Business Registration Certificate (BRC/ERC) 

• Following IRC approval, Tetra Consultants will prepare and submit your application for an Enterprise Registration Certificate/ERC (also called a Business Registration Certificate/BRC) to the relevant authorities. 

• We will also ensure that all of your supporting documents are in order e.g., the company charter, the list of board members, the legal representatives, and the letters of appointment. 

• Our experts will also take care of managing the licensing processes as required for representative offices or branches. 

Step 6: Submission of Foreign Investment License Application (FIL/FIC) 

• We will apply for the Foreign Investment License (FIL or FIC) for LLCs and other entities in which it is the required process and in which we are able to ensure that all necessary paid-up capital requirements are satisfied. We will clarify the timing and documentation requirements for your capital contributions. 

Step 7: Tax registration and business permits 

• We will register your company with the Municipal Taxation Office and obtain your tax code (to be used to comply with VAT and other taxation obligations) and ensure compliance. We will secure any sub-licenses or permits you must obtain to be able to do your consulting business. 

Step 8: Company seal creation 

• Further, we will contribute to designing and obtaining the necessary company seal, which must include your company’s name and registration number. On your behalf, Tetra Consultants provide a sample of your seal to the Business Registry Office to be posted on the National Portal of Business Registration if required. 

Step 9: Corporate bank account opening 

• We will prepare and compile the necessary documents to corporate bank account opening with a reputable local bank of your choice. We will liaise with bank staff representatives, and we can arrange for a local representative to attend the meetings if required. Upon issuance by the ERC, Tetra Consultants will help activate your account and deposit the required share capital. 

Step 10: Ongoing compliance and support 

• We offer continued support services, such as monthly bookkeeping, preparation of financial statements, annual tax filings, and continued compliance with all Vietnam regulations.  

• We will ensure that your consulting company maintains compliance after incorporation, while you focus on running your business. 

Conclusion 

• Effectively managing how to register a consulting company in Vietnam shows strategic vision and responsiveness in a fast-changing business environment. Vietnam’s regulatory system, although increasingly streamlined, still demands meticulous attention to detail at every step from choosing the right business form and making thorough documentation, to obtaining important certificates and complying with post-registration requirements. Every step, from receiving the Investment Registration Certificate to timely tax registration and compliance, is crucial to building a strong legal groundwork and staying away from redundant delays or fines. 

• Vietnam’s strong economic growth and business-friendly policies are still drawing entrepreneurs, but registering company in Vietnam is still a complex process that involves coordination with multiple authorities and rigid compliance with legal timeframes, including capital contribution schedules and public disclosure obligations. By recognizing and respecting these steps, you set your consulting practice up for long-term success and regulatory compliance in one of Southeast Asia’s most promising economies. In this guide, we have identified the key steps to assist you in completing your company registration process in Vietnam confidently, so you can be ready to take advantage of new opportunities and succeed in this vibrant space. 

• Contact us to know more about how to register a consulting company in Vietnam and our team will revert back in 24 hours.