You asked: How do I start a foreign company in Vietnam?

Can foreigners own a company in Vietnam?

Foreigners are permitted to own and operate their own businesses in Vietnam, either through indirect or direct foreign investment. … Businesses that are wholly foreign-owned or are participating in joint ventures with a Vietnamese business are considered to be direct foreign investments.

How much does it cost to start a company in Vietnam?

Fees

Different Vietnam entity types Cost Draft Invoice
Professional services LLC US$20,740 View invoice PDF
Trading and distribution LLC US$25,740 View invoice PDF
Manufacturing LLC US$37,275 View invoice PDF
Locally-owned LLC US$13,860 View invoice PDF

How do I set up a foreign company?

To register Foreign Entity you need to file an application with the concerned authorities and pay a fee. In most states, registration requires disclosure of the company name, state of incorporation/organization and the name and address of the registered agent in the state for which the application is being made.

How can I get business license in Vietnam?

In order to do business in Vietnam, you have to register your company to the authorities to get permission and license to operate. This registration process usually takes place at the Business Registration Department of the Provincial or City Office of Planning and Investment (see Ministry of Planning and Investment).

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What kind of business can I start in Vietnam?

Top 10 business investment opportunities in Vietnam for SME

  • Furniture Making and Remodeling.
  • Garment and Textile Products.
  • Construction and building Materials.
  • Detergents and cosmetics.
  • Agricultural Products Processing.
  • Exportation.
  • Real Estate.
  • Restaurant and Bar.

Can foreigners buy land in Vietnam?

The law on land ownership in Vietnam is valid for all types of property. A foreign owner can purchase an apartment, house, villa or land. Foreign individuals and foreign entities cannot hold more than 30% of the shares of a building or more than 250 properties in the same district.

How much does it cost to open a coffee shop in Vietnam?

Each takeaway coffee shop has an area of 4 – 40 square meters, and costs between VND65 million ($2,800) and VND175 million ($7,540) to set up, said Vo Thi Ha Giang, Director of Communications at Trung Nguyen Group.

How do I apply for a foreign qualification?

If you need to file a foreign qualification, you will have to register in the state(s) by submitting a Certificate of Authority application (sometimes called “Statement & Designation by a Foreign Corporation”) with the particular state’s Secretary of State office.

Can I register my business in another country?

You must register if you set up a place of business in the UK or if you usually carry out business from somewhere in the UK. Some types of company cannot register as an overseas company in the UK, including partnerships and unincorporated bodies. Contact the Department for International Trade if you need advice.

Can I open an LLC as a foreigner?

Anyone can form a Limited Liability Company (LLC) in the USA; you do not need to be a US citizen, or a US company. Foreign citizens and foreign companies can form an LLC in the USA. The steps to form your Foreigner-Owned LLC are: … Open a US Bank Account.

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