Vietnam Credit Information Joint Stock Company Headquarter: Room 1303B, Vietcombank Tower, 198 Tran Quang Khai Street, Hoan Kiem District, Hanoi. After forming conditions. ERC is a hard-copy or soft-copy document containing enterprise registration information granted by a business registration agency to an enterprise. A General Guide to Limited Liability Company In Vietnam. Company registration in Vietnam has seen tremendous growth over the past few years. Still uncertain about doing business in Vietnam? Here we walk you through both the benefits and challenges of Vietnam business to reach your final decision! How to set up a manufacturing company in Vietnam #1 Investment registration certificate. Also, please remember that the above papers are only standard documents. (except cases of establishing SMEs being innovative start-ups or start-up investment funds in relation to the SMEs support program under Vietnam laws, effective from 2021). Address of the head office of the enterprise; telephone number, fax number, and email address; Charter capital (in case of an enterprise) or investment capital (in case of a sole proprietorship); Types of shares, value per share and the total number of shares by type which may be sold (in case of a joint-stock company); Full name, signature, permanent residence address, nationality, and personal identification document of a sole proprietor (in case of a sole proprietorship) or each partner (in case of a partnership); Full name, signature, permanent residence address, nationality, and personal identification document of the business’s law representative, in case of limited liability companies and joint-stock companies. Certificate of Origin is stipulated in Decree No. Setup enterprise registration certificate vietnam “ERC” at LHD Law Firm, the Top Vietnam law firm with Location at Ha Noi, Ho Chi Minh, Da Nang, Bac Ninh, Bac Giang, … To set up in Vietnam, foreign investors must obtain an investment certificate/license and carry out a company registration process. According to the Law on Investment, an investment registration certificate is a document (can come under electronic form) that acknowledges the information on an investment project registered by an investor. Enterprise registration certificate, also known as ERC, can be a soft copy or a hard copy file containing information of enterprise registration. An investment registration certificate, commonly abbreviated as IRC is an electronic or printed document issued by a Vietnamese government only to foreign investors who wish to invest in Vietnam via the … Then, the stamp need to be posted to National business registration portal to legalize your seal. It is not necessary for our clients to visit Vietnam to complete Vietnam company registration, … Emerhub’s company registry in Vietnam is easily accessible, and it takes only one working day to receive the requested reports. In short, there are 2 essential business registration certificates in Vietnam that you must know: enterprise registration certificate and investment registration certificate. Vietnam Foreign Contractor Tax: What Is It and How to Pay? Bring a copy of business registration certificate to seal-maker agency to make a stamp for your company. How to set up a company in Vietnam is a matter of concern to many foreign investors. However, there must be a business registration proposal containing the following information: The process of company establishment, including obtaining this business registration certificate in Vietnam, follows the regulations in Decree No.78/2015/NĐ-CP on enterprise registration. Vietnam Business Culture: What You Need To Know. the exercise certificates of directors or associates. Foreign business entities doing business in Vietnam are subject to foreign contractor tax. Planning to open a company in Vietnam or looking for assistance with business registration certificates in Vietnam, the following are our list of startup services. Our Client signs Healy Consultants Group PLC’s engagement letter and returns the original to our Singapore Head Office. In some cases, if the nature of business acitivity falls under the Negative List, some sub-licenses of business will be required. Long ago, from 2005 to 2014 to be exact, you only needed to apply for an investment registration certificate when registering your company in Vietnam. The business registration agency shall examine the validity of the enterprise registration dossier and grant an enterprise registration certificate within 3 working days after receiving such dossier. 2. Application for an Enterprise Registration Certificate in Vietnam, 2. The corporate income tax rate in Vietnam is 20% currently. Having registered investment licenses, business registration record automotive industry, components, automobile assembly, maintenance and repair of automobiles. This article will guide key information about the legal procedure for starting your business! The business name does not contain words or symbols that go against Vietnam’s historical traditions, culture, morality and customs. The World Bank cited that Vietnam has transformed from being one of the world’s poorest countries into growing middle-income country over the past thirty years. What Is an Investment Registration Certificate in Vietnam? After being approved to establish a wholly foreign owned company in Vietnam, the competent authorities will issue 2 certificates for the investor, namely: Investment Registration Certificate; How to access company registry in Vietnam. 19/2006/NĐ-CP providing detailed guidelines on the Law on Commerce on Origin of goods, Circular No. To set up in Vietnam, foreign investors must obtain an investment certificate/license and carry out a company registration process. The application may require more documents depending on your business activities and investment. Thus, it is very necessary for you to know in-depth what the differences between the two certificates are, when and how to apply for each type, so that you do not accidentally mess up your legal process of incorporation in Vietnam. Online Business … A limited liability company in Vietnam is considered to be the most popular type of business entity in Vietnam. Having registered investment licenses, business registration record automotive industry, components, automobile assembly, maintenance and repair of automobiles. 2.2. If it is approved, the agency will grant you an enterprise registration certificate. » Cafe€redit » business registration certificate vietnam 2020. Guide to Hiring: Basic Terms of Employment Contract in Vietnam, Details on parties, obligation, working hours, wages (higher than minimum wage in Vietnam) and other benefits must be included in an employment contract in Vietnam. Opening a bank account for foreigners in Vietnam isn’t that hard. When a foreign investor incorporates a company in Vietnam, the foreign investor needs to (1) apply for an IRC for an investment project (the Project), and (2) apply for an Enterprise Registration Certificate for the project company which implements the investment project (Project Co).In addition to the investment project, the IRC usually records details of the … Tax Losses . The registration records indicate that LLC’s are the most common type of companies to be incorporated. The items stated below are the details of company registration procedure in Vietnam: The registration process used to take a long time. Find out key features of this type and how it is different from an LLC in Vietnam! Enterprise registration certification is the must-have certificate when you set up a business in Vietnam. Requirements for an Enterprise Registration Certificate in Vietnam, 1.3. 07/2006/TT-BTM guiding the procedures for issuance and management of the Certificate of Origin and some other sub-law documents. portalId: "1804570", Per the Enterprise Law 2014, every enterprise must receive an enterprise registration certificate (“ERC”) prior to beginning operations, which will be issued by the provincial level State Business Registration Authority (“SBRA”). Subsequently, the agency shall examine your application within 3 working days (from the application receipt date). There are 3 rates for different types of products and 2 methods to calculate Vietnam value added tax. company formation and business registration agency, How to Set up a Business in Vietnam in 2021, Minimum Capital Requirement in Vietnam For Foreign Companies, Important Things to Consider before Selling a Business in Vietnam, How to Open an Outlet in Vietnam: A Guide for Foreign Investors, How to Start Selling Food Products without Registering a Company in Vietnam, A Guide to Partnership Registration in Vietnam, An Introduction to Processing Contract in Vietnam, The business name is in compliance with Vietnam Law, Enterprise registration documents are complete, The enterprise registration fee and other charges are paid in full, The founder or the authorised individual has to submit a complete registration dossier to the registration agency, The registration agency will check if the submitted documents are complete and valid in 3 days, If the application is refused, a notification in writing will be sent to the founder or the authorized person with reason and requirements stated, In addition, all foreign companies in Vietnam must also meet other specific conditions under Investment Law and Enterprise Law. While some industries still require foreigners to form a joint venture with a Vietnamese, Vietnam has consistently liberalized its foreign investment regime and most industries now allow full ownership by foreigners; The most popular corporate vehicle to do business in Vietnam is the limited liability company. If the registered capital on the business registration certificate or investment certificate is in a foreign currency, then the registered capital amount will be converted into Vietnamese Dong in … It depend on specific business activities and location of the company to be setup in Vietnam… Preparation for Company Registration Delays are often encountered where the required preparation has not been completed. You’ll need approval from the Department of Planning and Investment (typically in the form of an Investment Registration Certificate, IRC) for your project in Vietnam, and then an Enterprise Registration Certificate … © 2020 Cekindo Business International, Ltd. We use cookies to improve and customize your browsing experience. Per the Enterprise Law 2014, every enterprise must receive an enterprise registration certificate (“ERC”) prior to beginning operations, which will be issued by the provincial-level State Business Registration … Knowing Vietnam business culture can contribute greatly to the success of your doing business with Vietnamese partners. The business name is not the same as those of government organizations. In practice, the time duration would be lengthened due to the time for preparation of documents from investor, getting them notarized, legalized and authenticated before being accepted in Vietnam. Adjustment of Certificate of Business registration in Vietnam Foreign-invested company making changes of Certificate of Investment registration is acquired to manage the below procedure: Step 1 : The company firstly needs to separate Certificate of Business registration and Certificate of Investment registration … These certificates are presented in Vietnamese. Vietnam Company Documents As company incorporation agents our experience and relationship with the Business Registration Department of Vietnam means, we can obtain registry copies of company documents and conduct comprehensive Vietnam company searches… Vietnam virtual office is an emerging trend for business people investing in Vietnam in recent years. Here is a complete guide for foreigners to open a bank account for both individual and enterprise. Especially, for businesses operating in the printing industry, one of the conditional business lines in Vietnam, it is important to know the procedures for investment registration, business registration … Particularly, an enterprise registration certificate in Vietnam contains the following information: Your enterprise shall be granted a certificate of enterprise registration when meeting all of the conditions below: As for the application documents, they vary depending on the type of business to be registered. After forming conditions. According to Article 4 of the Law on Enterprises, an enterprise registration is a hard-copy or soft-copy document containing information about a company establishment issued by the government’s business registration agency (a part of the Vietnam’s Department of Planning and Investment). Pre-INCORPORATION advisory. This certificate can be seen as proof showing your business is officially formed in Vietnam with approval from the government. The IC is the official license allowing foreign investors to carry out business activities in Vietnam. Authority (“SIRA”), which will issue them investment registration certificates (“IRC”). Let’s explore key highlights of this culture! You are deemed to have consented to our cookies policy if you continue browsing our site. Below is a useful guide to how to start a business in Vietnam as a foreigner. However, it has been made possible by hours given that the applicant provides all required information: It is advisable that you engage a trustworthy company formation and business registration agency for the certificates registration in Vietnam. Key highlights include business restrictions, needed documents, and associated costs. The required documents vary according to the types of business to be registered. However, the government offers lower tax rates and also tax exemptions to some enterprises. In addition, according to the 2019 Doing Business Report by the World Bank, the outlook for setting up a business in Vietnam is becoming better and better due to its improved investment transparency and other initiatives for unceasing development. Within this article, Sophie Dao, a lawyer at GBS, a business law firm in Vietnam provides an overview on the Company Registration Process and Documents Required for Company Registration in Vietnam. National Business Registration Information Portal; Agency for Business Registration; Business Registration Supporting Center; Business Registration Offices; Vision – Mission – Core values; Business Registration Reform; Public Services. Find the advice of our lawyers specialising in business law in Vietnam. 2019 by Cekindo / Last update on 2.12. Investment Registration Certificate and Enterprise Registration Certificate. With several specific sectors, after setting up the company, the company shall be also required to obtain sub-license for officially operating. In some cases, this tax can be seen as withholding tax in Vietnam. Start a business in Vietnam Sample of Enterprise Registration Certificate. Searching of Company Information on Vietnamese National Business Registration Portal After addressing the National Business Registration Portal, Enter tax code / business code into the search … Within this article, Sophie Dao, a lawyer at GBS, a business law firm in Vietnam provides an overview on the Company Registration Process and Documents Required for Company Registration in Vietnam. Startup Consultancy | Invest in Vietnam – FREE. As a foreign investor in Vietnam, after being approved to establish a wholly foreign owned company, the competent authorities will issue 2 certificates for the investor, namely Investment … Vietnam’s numerous investment opportunities is nothing new to the world, especially for those aspiring entrepreneurs and investors looking to venture into Southeast Asia. Find the advice of our lawyers specialising in business law in Vietnam. }); Follow @twitterapi !function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0];if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src="//platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs"); Cekindo is a leading consulting firm of Market-Entry and Corporate secretarial services to clients expanding and operating in Vietnam and further to Southeast Asia. A Go-To Guide To Joint Stock Company In Vietnam. First of all, you must obtain an investment registration certificate from the... #2 Business registration … The business registration agency shall examine the validity of the enterprise registration dossier and grant an enterprise registration certificate within 3 working days after receiving such dossier. Business Registration Certificate Joint Stock Company. 1.1. When registering a foreign-owned company in Vietnam, you need an investment... #2 Business registration certificate. One-stop Company and Business Registration. Applying for an investment registration certificate. Adjustment of Certificate of Business registration in Vietnam Foreign-invested company making changes of Certificate of Investment registration is acquired to manage the below procedure: Step 1 : The company firstly needs to separate Certificate of Business registration and Certificate of Investment registration ( with the content of exclusive business registration). Decree 1 affirms the business registration number of a company is also the company’s tax code, and furthermore, be the company’s number for units participating in the social insurance system The Decree sets out the language for licensing applications which was not regulated clearly in previous Decrees. Get in touch by filling in the form below. The article has showed you the best ways to verify whether the business registration certificate of a Vietnamese company is legitimate or not. Almost all businesses in Vietnam need to register for VAT. revenue minus expenses). For foreign companies investing in Vietnam for the first time, they must be surprised by the investment procedures as well as the licenses required to start operations. 19/2006/NĐ-CP providing detailed guidelines on the Law on Commerce on Origin of goods, Circular No. For investment projects that are subject to investment policy decision, once the investment authority has received the investment policy, they have to issue the investment registration certificate to an investors no more than 5 business days. From 2015, under the effect of the Law on Enterprises and new amended Law on Investment, foreigners when opening a company in Vietnam need to obtain both certificates separately. For foreign companies investing in Vietnam for the first time, they must be surprised by the investment procedures as well as the licenses required to start operations. A foreign-owned Limited Liability Company (LLC) is the most common company structure for foreign-owned startups in Vietnam. 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