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.

Legal Advice | LHD Law Firm

► Review the documents to be prepared, including LEGAL CONSULTATIONS (LAW, POLICY, TAXES, human resources...)

► After receiving the investment certificate, advice on how to obtain the business registration certificate.

► Advice and application for the Enterprise Certificate (ERC) and the Investment Certificate (IRC), in addition to the Business License issued by the Ministry of Industry and Trade (Business License)

► Consultation and production of a seal engraving and report using seal samples

► Regular legal advice after the opening of the business

► Legal advice about taxes, work permit, temporary residence card and child permit (if applicable)

► Support for the registration of trademarks, designs and inventions when required by businesses (LHD Law Firm is a representative of IP No. 146 the National Office of Intellectual Property NOIP)

►Advice on CIT, PIT, and monthly, quarterly and annual tax returns

►Social insurance consultation, salary calculation (payroll)

►Consulting for personnel selection in Vietnam

►Trademark, Design, and Invention Protection Consulting

►Consultation on labour law, taxation, and contracts in Vietnam

► Virtual office rental for companies with foreign capital to provide invoice redemption.

☑ Co.op with us

Step 1: Get Legal Advice in English - Vietnamese

Meet with an attorney. We get legal advice on the type of business best suited to your situation.

Step 2: Find office space and legal representation for your business (if there is no available LHD office)

Then find an office space so that your business not only has a place of business but also a specific office address required by the government to apply for a business license. If you are not the legal representative for your business, you need to find a trusted partner.

Step 3: Apply for a business license (IRC, ERC or BL)

Prepare all the necessary documents and make sure that you meet all the requirements before applying for a business license. Expect a 15-day waiting period for a Vietnamese-owned company and a 60-day waiting period for a foreign company.

Step 4: Legal and tax advice for foreign companies after establishment

Running your Vietnamese business now can hire employees and enter into business contracts. There are several things you need to do, such as obtaining your company seal, applying for a tax identification number, opening a company bank account, and publicly announcing your incorporation. Periodic duties include employee tax, accounting report and insurance payments.

(In addition to legal advice, we also provide accounting services for companies with foreign capital for these companies)

☑ Why Choose LHD Law Firm

Everything we do at LHD Law Firm is focused on assisting your business through our investment law expertise and local business experience in Vietnam.

So that your enterprise can grow and expand quickly and avoid the costly traps that many start-up investors fall into at the hands of unscrupulous lawyers and agents.

How we accomplish this?

We offer the best investment legal service in Vietnam, as well as a wide choice of INDIVIDUAL AND ECONOMIC EFFECTIVE SOLUTIONS for starting a business in Vietnam or managing an existing one.

• What we can do ...

To seek further advice or request service to Set up a company in Vietnam, Contact us at: ☑: all@lhdfirm.com