Company FormationVietnam
Incorporating a company in Vietnam provides a range of strategic and professional advantages that support sustainable growth, operational efficiency, and regional engagement. A locally registered entity is fully recognised under Vietnamese law, offering investors operational flexibility and legal certainty while facilitating compliance within a transparent and investor-friendly regulatory framework.
Vietnam’s strategic location in Southeast Asia close to major markets such as China, Japan, and South Korea, and with access to ASEAN economies enhances logistical efficiency and export opportunities. The jurisdiction offers a competitive tax environment, including reduced corporate income tax rates, multi-year exemptions, import duty relief on machinery and raw materials, and targeted incentives for high-tech and priority sectors, which can significantly boost cost efficiency and profitability.
Additionally, Vietnam benefits from a young, skilled, and cost-effective workforce, a growing domestic market supported by rising incomes, and preferential access to global markets through multiple free trade agreements, including CPTPP, EVFTA, and RCEP. Coupled with ongoing government reforms to streamline business registration and licensing, these factors create a favorable environment for long-term investment, operational scalability, and regional expansion.
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Vietnam LLC Overview & Key Requirements
The Company is to be registered by the Commercial Registry in Vietnam, which is the responsible authority for registering companies in Vietnam. The most common type of company is a Limited Liability Company (LLC).
The following are the features of Limited Liability Company (LLC) formation in Vietnam:| Service | Company registration |
|---|---|
| Type of company | LLC |
| Corporate Tax | Corporate Tax rate 20% based on the profit of the company. |
| Director | Minimum 1. |
| Secretary | Required. |
| Shareholders | Minimum 1, no need to have a local since a foreigner can own a company 100%. |
| Minimum Share Capital | Minimum paid up Capital is USD 10,000. |
| Registered office / Registered address | Required, in Vietnam. |
| Audited financial statements / Bookkeeping | Required |
| Registration Timeframe | 3-4 Weeks. |
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