The procedure below details the process of registering a foreign LLC in Vietnam.
#1 Investment registration certificate
When registering a foreign-owned company in Vietnam, you need an investment registration certificate.
The Department of Planning and Investment issues this certificate. It usually takes about a month to
receive the certificate.
However, if no WTO agreements or local laws regulate foreign ownership in that business line, it will
take longer to get the certificate. Your business will need Ministry-level approval from one or more
ministries.
#2 Business registration certificate
Companies in Vietnam must also get a business registration certificate (BRC). The Department of
Planning and Investment also issues this certificate. The BRC is also known as the Enterprise Registration
Certificate (ERC).
#3 Tax registration and payment of the business license tax
The business license certificate number is also the company’s tax number. All companies must pay taxes
through an online system. Companies also submit tax declarations and reports through this system. To
gain access to this system, businesses must get an electronic signature.
#4 Capital contribution
After receiving the BRC, you have 90 days to make the capital contribution. Failure to do so will result in
fines.
#5 Apply for sublicenses or permits, if applicable
Company registration in Vietnam typically takes about one month. However, depending on the business
line, some companies need to apply for sublicenses. In such cases, the registration process will be
longer.
Such examples of business lines that need sublicenses include:
Manufacturing
Logistics
Recruitment
Lodging
Trading of special products or services
Certain businesses need to process additional permits. For example, companies that will engage in the
sale or distribution of cosmetics must register their products. This can take anywhere from a couple of
weeks to several months.
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