Vietnam offshore company formation
Wholly or Partly foreign-owned LLC
A great advantage in economic development with other countries in the region.
Vietnam offshore company formation
Wholly or Partly foreign-owned LLC
A great advantage in economic development with other countries in the region.

Vietnam offshore company formation

Set up a 100% foreign owned company in Vietnam (Wholly foreign-owned LLC)

  • The third largest market in Southeast Asia and one of the fastest-growing economies in the world.
  • A commercially important “link bridge” on the world maritime map. This will be a great advantage in economic development and regional exchanges.
  • Stable political background, a complete legal system and an application of information technology in state administrative management.
  • Vietnam’s intellectual property laws are open and transparent.
  • Skilled Workforce & attraction of talents.
  • Tax rate and CIT incentives of some business line and investment areas are very attractive to the investors.
  • Vietnam has signed several Free Trade Agreements with countries worldwide, member of ASEAN Free Trade Area, a trade bloc agreement between Indonesia, Malaysia, Philippines, Singapore, Thailand, Laos, Myanmar, Cambodia.
  • Vietnam has concluded 7 regional and bilateral FTAs, including Vietnam European Union FTA and ASEAN Hong Kong FTA as well as has 70 double tax agreements.

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Vietnam company registration in 4 Easy Steps

1. Preparation

Request free company name search. We check the eligibility of the name, and make suggestion if necessary.

2. Filling

  • Register or login and fill in the company names and director/ shareholder(s).
  • Fill in shipping, company address or special request (if any).

03. Payment

Choose your payment method (We accept payment by Credit/Debit Card, PayPal or Wire Transfer).

4. Delivery

  • You will receive soft copies of necessary documents including: Certificate of Incorporation, Business Registration, Memorandum and Articles of Association, etc. Then, your new company in a jurisdiction is ready to do business!
  • You can bring the documents in company kit to open corporate bank account or we can help you with our long experience of banking support service.
  • Scan of Notarized Passport.
  • Scan of Notarized Address Proof (Utility bill such as Gas, Water, Electricity bill). For non-Vietnamese documents: legalization, translate to Vietnamese, certify the translation. For Vietnamese documents: certify true copy.

Attractive Cost For Vietnam offshore company formation

this June

$ 0
Vietnam Company Formation Fees

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Wholly foreign-owned LLC (100% foreign-owned company in Vietnam)

General Information
Type of Business Entity Wholly foreign-owned LLC
Corporate Income Tax 20%
British Based Legal System Law on Enterprises
Double Tax Treaty Access
Incorporation Time Frame (Approx., days) 10 working days
Corporate Requirements
Minimum Number of Shareholders 1
Minimum Number of Directors 1
Corporate Directors Permitted No
Standard Authorized Capital/Shares US $10,000
Local Requirements
Registered Office/ Registered Agent Yes
Company Secretary Yes
Local Meetings Anywhere
Local Directors / Shareholders  Local Director is required. Local Shareholders is not required
Publicly Accessible Records Yes
Annual Requirements
Annual Return  Yes
Audited Accounts  Yes
Incorporation Fees
Our Service Fee (1st year) US $844
Government fee & Service charged US $199
Annual Renewal Fees
Our Service Fee (year 2+) US$ 0
Government fee & Service charged US$ 199

Partly foreign-owned LLC (The Vietnam joint venture company)

General Information
Type of Business Entity Partly foreign-owned LLC
Corporate Income Tax 20%
British Based Legal System Law on Enterprises
Double Tax Treaty Access Yes
Incorporation Time Frame (Approx., days) 10 working days
Corporate Requirements
Minimum Number of Shareholders 1
Minimum Number of Directors 1
Corporate Directors Permitted No
Standard Authorized Capital/Shares US $50,000
Local Requirements
Registered Office/ Registered Agent Yes
Company Secretary Yes
Local Meetings Anywhere
Local Directors / Shareholders Yes
Publicly Accessible Records Yes
Annual Requirements
Annual Return
Audited Accounts
Incorporation Fees
Our Service Fee (1st year) US $675
Government fee & Service charged US $199
Annual Renewal Fees
Our Service Fee (year 2+) US $0
Government fee & Service charged US $199

Download forms - Vietnam Company Formation

1.

Documents of the Company, Ltd. to rent a factory

Description

QR Code

Download

Contract of leasing the location of the project

Fields, project goals

2.

Documents of the lessor of the factory

Description

QR Code

Download

(01) Investment registration certificate

(02) Certificate of business registration

(03) Environmental documents: Environmental license

(04) Certificate of land use right and assets attached to the land of the site

(05) Land lease/land allocation decision…

(06) Land lease agreement

(07) Building permits and adjustment of building permits

(08) Notification of results of inspection of construction work acceptance; Completion

(09) Factory drawing marking the rental location

(10) Certificate of design approval for fire prevention and fighting

(11) Acceptance of fire protection system

Company Formation Frequently Asked Questions (FAQs) - Vietnam Company Formation

Foreigners are allowed to register their company in Vietnam for starting a business.

In most industries, they can own 100% of the shares of their business. In a few selected industries, company registration in Vietnam is only allowed in a joint venture agreement with a Vietnamese individual or corporate shareholder.

Legal Zone’ Vietnam company registration specialist will advise you with regards to the need for a joint venture partner.

Read more:

  • How to set up a company in Vietnam?
  • Types of company in Vietnam

Yes. in many ways.

Foreigners registering a new business in Vietnam are notably required to open a capital account in the country, which they will have to use in other to inject their company’s share capital.

Read more: The first step in setting up a company in Vietnam

Not necessarily. A foreign investor may set up a new legal entity as a wholly foreign-owned enterprise (“WFOE”) or as a JV (and contribute capital to this entity): in this case, an investor must apply both for an investment registration certifcate (“IRC”) and an enterprise registration certifcate (“ERC”), which was formerly called a business registration certifcate (“BRC”). A foreign investor may also contribute capital to an existing legal entity in Vietnam, which does not require an issuance of an IRC or ERC.

Thus, in respect of foreign investors carrying out their frst project in Vietnam, the incorporation of the Vietnamese legal entity takes place simultaneously with the licensing of their frst project. In other words, a foreign investor cannot incorporate a legal entity without a project. However, subsequent to the frst project, an investor may carry out additional projects either using the established legal entity or by setting up a new entity.

Read more:

  • Starting a business in Vietnam
  • Types of company in Vietnam

A foreign investor (just like a local investor) may select one of the following Vietnamese legal entities to carry out a project:

  • A limited liability company (“LLC”), in the form of either a single-member LLC (“SLLC”) or an LLC with two or more (up to a maximum of 50) members (“MLLC”).
  • A shareholding or joint stock company (“JSC”) which is a company with at least three shareholders but no maximum number of shareholders.
  • A general partnership or a limited liability partnership.
  • A private enterprise (akin to a sole proprietorship).

Read more:

  • Vietnam company formation
  • Company registration fees in Vietnam

The two main factors that lead a foreign investor to choose a JV are:

  • (i) some business sectors in Vietnam require a JV to establish a commercial presence in Vietnam; and
  • (ii) the Vietnamese party has a key asset, local know-how and knowledge, or other factors that make the JV the preferred choice.

For example, in real estate development projects, the Vietnamese party usually has the land use rights, which by law cannot be directly transferred to a foreign investor, but may be contributed into a JV.

Read more:

  • 100% foreign owned company in Vietnam
  • Vietnam company registration

The standard Vietnam corporate income tax (CIT) rate is 20%, though enterprises operating in the oil and gas sectors will be subject to rates between 32% and 50%;

Dividends paid by a Vietnamese company to its corporate shareholders will be completely tax exempt. Furthermore, no withholding tax will be imposed on dividends remitted to overseas corporate shareholders. For individual shareholders, the withholding tax will be 5%;

Interest payments and royalties paid to non-residents individuals or corporate entities will be subject to withholding tax of 5% and 10% respectively;

Personal income tax for residents is levied under a progressive system, ranging between 5% and 35%. However, for non-resident individuals, the tax is levied at a flat rate of 20%.

Read more:

  • Accounting and tax services in Vietnam
  • Vietnam company registration

There are three VAT rates in Vietnam : zero percent, 5%, and 10%, depending on the nature of the transaction.

Vietnam tax rate of zero percent applies to exported goods and services, international transportation and goods and services not liable to value-added; offshore reinsurance services; credit provision, capital transfer and derivative financial services; post and telecommunications services; and exported products which are unprocessed mined resources and minerals.

Read more:

  • Vietnam corporate tax rate
  • Can a foreigner own a business in Vietnam?

Annual corporate income tax returns must be filed with the General Department of Taxation within 90 days from the end of the fiscal year. However, the company will be required to make quarterly income tax payments, based on estimates.

Accounting records must be kept in the local currency, which is the Vietnamese Dong. They must also be written in Vietnamese, though they may be accompanied by a common foreign language such as English.

A Vietnam-based auditing company must audit annual financial statements of foreign business entities. These statements must be filed with the licensing agency, the Ministry of Finance, the statistics office, and tax authorities 90 days before the end of the year.

Read more:

  • Vietnam corporate tax rate
  • Accounting and tax services in Vietnam

To thank our customers, who have wholeheartedly trusted and accompanied us in the past time, Legalzone decided to adjust the service price, reduce 20% of the fee for the services being provided…

By becoming a close member of  Legalzone, you will enjoy many benefits and incentives that we bring. There are three ranks of Legalzone membership. When you meet the conditions, you will receive different incentives and the membership level is automatically raised based on the total amount of services you have used at Legalzone.

With the goal of building a long-term network of relationships in the legal field, we always give our partners the most beneficial policies.

  • Ready to share profits with Partners, share opportunities, share business benefits and long-term and sustainable companionship with Partners.
  • Care and support for Partners as well as cooperation supports to improve the intimacy between Partners and the company.
  • Customer protection for Partners.
  • Provide customers with the best service.

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