Vietnam company setup services - Don’t proceed alone: Vietnam has been intensifying its efforts to adopt foreign investment-friendly policies and incentives for businesspeople for years. Even though planning for some regulations is still underway, the local economic landscape and legal framework are 100% ready to welcome new enterprises. These days, starting a business in Vietnam is a great move to success that is no longer riddled with crippling restrictions and loopholes.
It isn’t all sunshine and rainbows, though. Like with all regulatory landscapes, those setting up a business in Vietnam must follow Vietnamese laws, seek approvals from the local authorities, and undergo inspections.
However, none of this should keep you from establishing your presence in the country. At LHD Law Firm, we’ll shed light on how to set up a company in Vietnam and accompany you during the establishment stages that seem problematic to you. Even if you are a solopreneur, it doesn’t have to be a one-person undertaking.
Comprehensive assistance for foreigners
What your setup journey will look like depends on the source of your business capital. In Vietnam, current business establishment procedures are governed by the 2020 Law on Investment and a range of other statutes and labor codes. They regulate the steps foreigners and locals are obliged to take for new company setups in Vietnam, what incentives they qualify for (if any), and how they can lawfully operate after registration.
You don’t have to hold a degree in Vietnamese Law to identify what you should do next and how to avoid violations or delays. With LHD Law Firm, you are guided every step of the way, including:
- Investment approval. This requirement is set for critical Vietnamese industries and markets. We’ll help you determine whether your investment must be pre-approved before setup procedures once you share more details on your business endeavors.
- Document collection. To set up a company in Vietnam, entrepreneurs must obtain investment and enterprise registration certificates. We’ll explain all the documents that must be submitted for these certificates and help you prepare them for application.
- Registration. Legal entity setup is always intertwined with corporate seal registration and obtaining an identification code for tax purposes. We’ll make sure you get all the essentials and possible incentives for your business.
Please note that additional requirements and restrictions may be imposed when setting up businesses in Vietnam in higher-priority sectors or when the purchase of land is involved.
Get up and running in 60 days
It doesn’t take long to break into the Vietnamese market. The company setup process for foreign-owned businesses is up to 60 days, according to local regulations. You can start planning your operations once the paperwork is prepared and submitted to the relevant agencies.
LHD Law Firm’s assistance can also benefit your business after setting up your entity. You can count on our team for everything from applying for service-specific licenses to obtaining work permits for your employees to ensuring compliance with your tax obligations.
Call today to consult English-speaking legal specialists and start your expansion into Vietnam.
