Foreign Investor’s Guide: How to Register a Company in Vietnam

LHD Law Firm is a leading Vietnamese law firm that provides comprehensive legal, tax, and business advisory services to foreign investors and domestic enterprises. With over a decade of experience, LHD has built strong expertise in navigating Vietnam’s complex legal landscape, especially for clients entering or expanding in the market.

How to Registering a company in Vietnam as a foreigner is an appealing process due to Vietnam’s dynamic business environment and WTO commitments allowing 100% foreign ownership in most sectors. To successfully set up a company in Vietnam, foreigners must follow two key steps under the Investment Law 2020 and Enterprise Law 2020. First, apply for an Investment Registration Certificate (IRC) at the Department of Planning and Investment (DPI) in the province/city where the company will be headquartered. The IRC application requires an investment plan, legalized documents of the investor (e.g., passport, notarized certificate of incorporation for parent companies), and proof of minimum capital (typically starting from USD 10,000, depending on the industry, such as manufacturing or services). Processing the IRC takes about 15-30 working days.

Next, obtain an Enterprise Registration Certificate (ERC) to officially establish a foreign-owned enterprise in Vietnam. Common business structures include a Limited Liability Company (LLC) or Joint Stock Company (JSC). Required documents include the company charter, list of members/shareholders, a valid registered address (a physical address, not virtual), and designation of a legal representative (who must obtain a work permit if residing in Vietnam). The entire company setup in Vietnam process typically takes 2-4 months, depending on the industry (sectors like online education or spas may require additional approvals from relevant ministries).

After obtaining the ERC, the company must create a company seal, register a tax code, open a capital account for investment funds, and contribute the charter capital within 90 days. To ensure compliance, foreigners starting a business in Vietnam are advised to engage local legal consultants to avoid errors. Annual financial reporting and audits are also mandatory. As of 2025, Vietnam has streamlined procedures through the National Business Registration Portal, making it easier for foreigners to open a company in Vietnam and seize opportunities in its fast-growing economy.

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