A: No, business registration in Vietnam is relatively straightforward and does not require a lot of complicated paperwork. However, having an understanding of the business laws and regulations in the country can help make the process easier. It is also wise to seek assistance from a business formation specialist or law firm that is familiar with business registration procedures in Vietnam.
A: Yes. The Vietnamese government places limits on business ownership by foreign investors. Generally, foreign-invested enterprises can have up to 49% of their capital owned by foreign shareholders. However, this requirement may vary depending on the type of business and the sector it is in.
A: You can check business registration numbers in Vietnam by accessing the business registry website of the Department of Planning and Investment. All companies must register with this agency to obtain a business registration number. The company’s full business name, business address, and registered capital can also be found on this website.
A: The required documents depend on the type of business and whether it is owned by foreign investors. Generally, you will need the following documents when registering your business in Vietnam: enterprise registration application form; Company’s Charter; list of founding shareholders; list of shareholders that are foreign nationals; business registration or equivalent documents; certified copy of the granted investment registration certificate; and authorization letter for LHD Law Firm.
A: The business registration number format in Vietnam consists of 12 numbers and a suffix. The first two digits indicate the business type code, followed by 10 numbers that represent the business registration number, and a suffix indicating the business’s location.
A: The best business to start in Vietnam depends on a variety of factors, including the business owner’s skills and interests, as well as business regulations and the local business climate. Popular business ideas include digital marketing services, software development, IT consulting, business coaching and mentoring, business process outsourcing, and more.
A: You can confirm business registration in Vietnam by accessing the business registry website of the Department of Planning and Investment. Here, you can search for business registration records by business name or business registration number.
Alternatively, you may also contact the business directly to confirm business registration. Business owners must provide business registration information upon request for verification purposes.
Prior to receiving the Investment Registration Certificate, investors are required to declare project-related information online via the National Foreign Investment Information System. Only one document is then submitted for review by the designated Investment Registration Authority.
Within 15 days of receiving a valid application, the Investment Registration Authority shall be issuing an investment registration certificate to the investor.
If an investor wishes to register a business, all they need is one document that can be submitted either in person or through the National Public Service Portal online. This simple process with Business Registration Authority will ensure their venture is up and running quickly.
The business registration authority will assess the validity of your submitted documents and decide whether to grant a Business Registration Certificate within three working days.
Prior to any venture into the realm of conditional investment, an investor must acquire a qualified business license. This is required in order for them to operate within this sector and make profits from their activities therein. Therefore, procuring such a license should be one of the first tasks undertaken by would-be investors before they start doing business.
Certain business activities such as retailing goods, logistics services, postal services, educational services, and e-commerce require obtaining a valid business license.
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