Services Provided

Company Registration

Drafting of Articles of Association
Investment Registration Certificate
Business Registration Certificate
Bank Account
USB Corporate Digital Signature
Company Seal

Registered address affiliation

Virtual office services (coworking spaces)

🇻🇳 Vietnam: A rising star in manufacturing, but with heavier approvals

As a leading emerging economy in Southeast Asia, Vietnam has become a popular investment destination for global capital, thanks to its superior geographical location, a strong young workforce, and a rich network of free trade agreements (such as CPTPP and EVFTA). Vietnam's business environment is full of opportunities, but its administrative compliance system also has distinct localized characteristics—its administrative procedures are more complicated compared to other Southeast Asian countries, with a strict "dual certificate" system (investment permit and business license), which is a key prerequisite for foreign enterprises to settle there.

YIMING GLOBAL helps you settle in Vietnam with peace of mind

Focusing on the Vietnamese market, we deeply cultivate the local "dual certificate" system and foreign investment access policies. Our professional team handles the entire process of IRC investment registration certificate, ERC enterprise registration certificate application, tax filing, and bank account opening in one stop, avoiding core risks such as address verification, paid-in registered capital, and equity compliance. Leveraging the benefits of free trade agreements, we help you efficiently enter Vietnam's manufacturing and trade markets, making it easy to establish business in Vietnam.

Core advantages of registering in Vietnam

Supported by free trade agreements such as CPTPP/EVFTA, import and export tariff advantages are significant
The dividend of young labor is prominent, and manufacturing labor costs are competitive
Most industries support 100% foreign ownership, without mandatory local joint ventures
Special regions/industries enjoy tax incentives and can apply for the "two exemptions and four halves" policy

Choosing the right identity: Which type of Vietnamese company should you register?

LLC/WFOE (100% foreign-owned limited liability company)

✅ Foreign capital prefers a comprehensive operating platform, possessing complete independent legal entity status

✅ Contracts can be signed, invoices issued, foreign work visas can be applied for, and investment and financing are free

✅ Non-restricted industries support 100% foreign ownership, with no requirements for local shareholders

JV (Joint Venture)

⚠️ Limited to restricted industry access channels such as telecommunications, education, and healthcare

⚠️ There is a clear upper limit on foreign ownership ratios, and joint ventures with local companies are required

[Risk Warning] Strictly prohibit holding by proxy to circumvent rules; violations will result in license revocation

RO (Representative Office)

i️ A preliminary observation station for preliminary market research and business liaison

i️ It can employ local staff and handle administrative logistics, without independent legal entity status

i️ It is strictly forbidden to engage in any profit-making business and not to sign sales contracts

Hard threshold: Core compliance requirements for Vietnamese company registration

Registered address requirements (top priority)

Invalid virtual address: When applying for IRC, a real rental contract must be submitted, and the industrial project must be located in a designated industrial park.

Address consistency requirement: The registered address must be consistent with the subsequent tax registration and bank account opening address; changes must be filed and approved.

Special fund account requirements

It must be establishedDirect Investment Capital Account (DICA)All investment funds must be remitted from abroad; Profits must be transferred through this account; without this account, cross-border fund transfers cannot be completed.

Registered Capital Requirements (Share Capital)

Legal bottom line: Most industries have no minimum statutory registered capital requirements; approval focuses on "financial strength and business plan match."

🚧 Practical grading suggestions:

▪ Services/Trade: Recommendations$10,000-30,000, and below this amount, it is highly likely to be rejected by DPI

▪ Manufacturing: Must match the size of the factory, typicallyStarting at $100,000

🔴 Core red line: After obtaining the ERC, the full amount must be paid within 90 days; late payments will result in hefty fines, and in severe cases, license revocation

Standard Registration Roadmap (Core Process of the Dual Certificate System)

Apply for IRC (Investment Registration Certificate)

The first step for foreign investment entry is submission of project proposal/shareholder certificate/address contract, with a review period of 15-30 days

Apply for ERC (Enterprise Registration Certificate)

Processed with IRC, submitted online within 3 days, and obtained formal legal entity status upon receipt

Engraving seals and statutory announcements

The public security bureau filed and had the seal engraved, and the National Enterprise Registration Network announced the results for 3 working days. The seal was not filed and had no legal effect

Opening a direct investment capital account

Banks such as Vietcombank/BIDV are selected only for capital injection and profit transfer, and account information must be reported to DPI

Tax registration and invoice application

Within 10 days after receiving ERC, process and obtain the TC code; Annual turnover over 1 billion rupiah requires real-time networked electronic invoices

Checklist of required registration documents

Basic Information (Individual Shareholders/Directors/Supervisors)

Color scanned passport (valid ≥ 18 months, clearly showing name/photo/signature)
Scanned copies of both sides of your country's ID card (Chinese shareholders must provide their ID card)

Special personal shareholder information

Bank deposit certificate (original, notarized and certified), with the amount covering the intended registered capital
Statement of Source of Funds (English/Vietnamese, handwritten signature by the shareholder)
Local shareholders must provide copies of their TC code and household registration certificate

Special information on company shareholders

Overseas companies: Business license / articles of association / audit reports for the past 2 years / board resolutions (must be notarized and certified)
Bank credit certificate for the past 6 months (showing normal account status)
Power of Attorney (POA): Identification of the authorized representative and KYC documents

Essential materials for office spaces

Commercial lease contract with a lease term of ≥ 1 year (signed and stamped by both parties)
Landlord's ownership certificate (private properties provide property ownership certificates, commercial properties provide filing certificates)
Office Usage Statement (Signed by landlord, confirming no ownership disputes)

Additional documentation and compliance explanations

✅ All overseas documents must be translated into English/Vietnamese and stamped by a professional translation agency; Documents from member states of The Hague must be certified by the Hague; non-member countries must be authenticated by the Vietnamese embassy;
✅ Bank deposit certificates and credit certificates must be valid for ≥ 6 months to avoid interruptions in registration due to expired documents;
✅ To entrust a local agent, a notarized and certified "Power of Attorney" must be provided, specifying the agency authority;
✅ Registration of restricted industries requires additional industry license materials and prior approval in advance.

Tax compliance: the core cornerstone of operations in Vietnam

Vietnamese tax authorities conduct strict inspections and clear penalties, with rigid requirements covering invoice management and annual audits. The core taxes and rules are as follows:

Corporate Income Tax (CIT)

Standard tax rate20%； Special regions/industries enjoy a preferential tax rate of 10%; Innovative enterprises are exempt for the first 2 years, and halved for the following 4 years; Small and medium-sized enterprises are exempt for 3 years after registration

Value-Added Tax (VAT)

Standard tax rate10%, by the end of 2026, some projects will be reduced by 8%; Livelihood/key sectors will be reduced by 5%; Zero tax rate for exports and cross-border services; Electronic invoices must be used for annual turnover over 1 billion rupiah

Withholding Tax

Non-resident enterprises dividend 10% (reduced to 5%-10% under the China-Vietnam agreement), interest/royalty 10%, service fee 5%; Foreign contractor tax withheld at 1%-10%.

Core compliance considerations

Quarterly prepayment of CIT and settlement by March 31 of the following year; Withholding and payment declaration must be completed within 10 days after payment; Supporting materials for preferential policies must be retained; Applicable tax treaties must be filed in advance

Calculate the compliance path for Vietnam company registration clearly

Materials, timelines, costs all explained at once, with guaranteed coverage if not approved as agreed.

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Vietnam Company Registration