How to Open Company in Vietnam: A Complete Legal and Practical 

• How to Open Company in Vietnam is a query that is music to the ears of entrepreneurs and investors looking to access one of Southeast Asia’s most vibrant markets. The business scene in Vietnam is one of the most remarkable growth stories, with more than 122,000 new businesses registering in 2022 an all-time high that reflects the entrepreneurial dynamism and receptiveness to new opportunities of the country. 

•  In just the first two months of 2025, over 20,000 businesses entered the market, with the average registered capital per business increasing to 11.1 billion VND, which indicates a shift towards more capital-intensive, bigger startups. While there have been some lingering problems, including high exit rates for small businesses, the rise in additional registered capital up 66.1% year-on-year to US$ 27.8 billion indicates robust investor confidence and a healthy economic outlook.  

• For potential entrepreneurs willing to register company in Vietnam, the process has been made even smoother, with easy-to-follow processes of name reservation, documentation, and licensure, and is thus open to both local and international investors. With its GDP expected to increase by 6.8% in 2025, there are still plenty of diverse opportunities for new enterprises. Through this blog, we at Tetra Consultants have described the process to open company in Vietnam, leading you through every crucial step so that market entry is both easy and successful. 

How to open company in Vietnam? 

Step 1: Selecting an optimal business structure 

• Before forming the company, the appropriate type of company structure needs to be selected when starting a business in Vietnam. 

• Depending on your business structure and long-term objectives, Tetra Consultants will recommend to you the most ideal business entity, paid-up share capital requirements, corporate structure and business licenses where applicable 

• In general, Tetra Consultants would advise forming an LLC because it is the most popular legal structure in Vietnam and can be formed by one shareholder. 

• Other common forms of business organizations would be joint stock company registration and branch offices. 

Step 2: Reservation of company name 

• Prior to open company in Vietnam, we will research and reserve your company name via the Vietnam company registry that can be accessed through the business registration portal. Each application permits you to enter up to 3 names. 

Step 3: Preparation of relevant documents 

• Tetra Consultants will help you prepare the paperwork needed to notarize and legalize parent company papers in Vietnam. The paperwork for registering company in Vietnam involves parent company Memorandum of Association (MOA) and Article of Association (AGA), business license, certificate of incorporation, Board resolution and power of attorney. 

• All documents issued by foreign countries are translated to Vietnamese and need to be stamped by the Vietnamese Embassy in your own country. 

Step 4: Application of Investment Registration Certificate (IRC) 

• All foreign invested companies in Vietnam, with the exception of the Representative Offices (RO) and Branch Offices, are required to register for on Investment Registration Certificate 

• Tetra Consultants will draft the documents for application to the IRC. This comprises a comprehensive report on assumed project information for application of implementation, the proposal of the assumed investment project outlining lease arrangements and land utilization requirements and financial reports that provide the previous 2 years of operation for the company. 

• While the majority of investment projects are usually acceptable for business startup in Vietnam as a foreigner, there are certain types of investment projects which fall under special scrutinization and need advance approval. Application dossiers on such projects will require around 2-4 months’ preparation before submitting. 

Step 5: Get Business Registration Certificate 

• On successful implementation of the IRC, foreign investors shall be required to make an application for the Enterprise Registration Certificate (ERC) or Business Registration Certificate (BRC) with the Vietnam business registration authority. 

• Tetra Consultants will help you draft the documents needed to register company in Vietnam. The required documents are application for Vietnam business registration, company charter, list of all board members, list of legal representatives and letters of appointment and authorization. 

• A Representative Office (RO) and branch company do not require applying for a BRC. If you want to set up an RO/branch office, Tetra Consultants can help you apply for a RO/Branch License instead. 

• Once the BRC is received, the company must make the capital contribution within 90 days of receiving the BRC. 

Step 6: Issuance of Foreign Investment License (FIC) 

• Foreigners who want to register company in Vietnam in the form of an LLC in Vietnam will be required to obtain a foreign investment License. 

• At least US$10,000 paid-up share capital is required for approval of FIC and this can be different for different industries and will have to be transferred within a period not exceeding 12 months from the date of incorporation. 

• Tetra Consultants will draft the necessary documents to apply for the FIC. 

Step 7: Tax registration 

• Tetra Consultants will process your company tax registration with the Municipal Taxation Office in Ho Chi Minh City. 

• We will further help you obtain any business license or permit relevant to your business. 

Step 8: Preparing company seal 

• Every Vietnamese company needs a company seal to provide legal authenticity to documents used while conducting business transactions. 

• Tetra Consultants will help order and design a company seal on behalf of you from a third-party vendor. 

• The company seal should have the name of the company and the company registration number. 

• After the company seal has been made. Tetra Consultants will send a notification to the Business Registry Office to place the sample of the seal on the National Portal of Business Registration. 

Step 9: Corporate bank account opening 

• Depending on your business entity, the documents needed to corporate bank account opening will be slightly different. 

• Tetra Consultants can assist in consolidating the documents and opening an account at a well-known bank in the country of your choice. 

• After the ERC is granted, your account can be activated, and you can then deposit the required paid-up share capital within. 

Conclusion 

• Here at Tetra Consultants, we do more than just to open company in Vietnam. We understand that each and every client is different, so we provide a complete range of specialized services to not only make sure that your operation is compliant but also operationally ready from the moment the doors open. For clients wishing to remain discreet or satisfy domestic regulatory demands, we offer nominee director and shareholder services so that you can keep your affairs confidential and satisfy statutory needs. Our lawyers are experienced in preparing all documents you may need, ranging from articles of incorporation to customized business plans and shareholder deeds, so that every detail of your business legal structure is sound and compliant with Vietnamese legislation. 

• In addition to this, our registered agent and company secretary services ensure that your business has a registered address, manages statutory filings, and satisfies all ongoing compliance deadlines hassle-free. We also assist you with tax registration, company seal making, and corporate bank account opening, making each step of the setup process smooth. Aside from these fundamental services, Tetra Consultants is also able to help with work visa applications, trademark protection, and regular accounting and tax compliance, so you have a convenient one-stop solution for all of your business requirements. By engaging the services of Tetra Consultants, you have a trusted partner committed to smoothing your entry into Vietnam’s dynamic marketplace as much as possible. 

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