Starting a company in Vietnam typically involves the following steps:
Choose a business structure: You can choose to register as a limited liability company (LLC), joint stock company (JSC), or a foreign-invested enterprise (FIE). Each type of business structure has its own advantages and disadvantages, so it is important to carefully consider which one is best for your business.
Obtain a business license: You will need to register your company with the Department of Planning and Investment (DPI) and obtain a business license. This process typically involves submitting documents such as a business plan, articles of association, and other legal documents.
Register for taxes: You will need to register for value-added tax (VAT) and corporate income tax (CIT) with the Tax Department.
Rent or purchase a business location: You will need a physical location to operate your business, which you can either rent or purchase.
Hire employees: If you plan to hire employees, you will need to register with the Department of Labor, War Invalids and Social Affairs (DOLISA) and obtain a labor contract.
Obtain necessary permits and licenses: Depending on your industry, you may need to obtain additional permits or licenses to operate your business. For example, if you are operating a restaurant or other food-related business, you will need to obtain a food safety and hygiene certificate.
It is advisable to seek the assistance of a local lawyer or consulting firm to guide you through the process of setting up a company in Vietnam. They can help ensure that you are following all necessary regulations and procedures.